NextTrip (NASDAQ:NTRP) Shares Climb 4.9% – Here’s What Happened

NextTrip, Inc. (NASDAQ:NTRP) shot up 4.9% on Thursday. The stock traded as high as $1.11 and last traded at $1.08. 90,247 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 64,477 shares. The stock had previously closed at $1.03.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextTrip in a research note on Tuesday, September 1st. Ascendiant Capital Markets upped their price target on shares of NextTrip from $7.50 to $7.75 and gave the stock a “buy” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $7.75.

NextTrip Stock Performance

The stock has a fifty day moving average price of $1.55 and a two-hundred day moving average price of $2.18. The company has a market cap of $16.45 million, a P/E ratio of -0.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.49 and a quick ratio of 0.49.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings data on Thursday, October 15th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.11). NextTrip had a negative return on equity of 275.12% and a negative net margin of 319.76%. On average, equities analysts forecast that NextTrip, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Activity

In other NextTrip news, Director Andrew Kaplan purchased 52,910 shares of the stock in a transaction dated Thursday, September 17th. The shares were bought at an average cost of $1.89 per share, with a total value of $99,999.90. Following the completion of the acquisition, the director owned 104,492 shares of the company’s stock, valued at approximately $197,489.88. This trade represents a 102.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 40.00% of the company’s stock.

About NextTrip

NextTrip, Inc. (NASDAQ:NTRP) is an online travel company that provides booking services and travel-related products to consumers and businesses. Its platform is designed to help customers research and reserve accommodations, vacation packages and other travel services through digital channels. The company’s offerings include hotel and lodging reservations, packaged vacations and related travel arrangements. NextTrip also works with travel suppliers and distribution partners to market inventory and facilitate bookings, serving customers seeking leisure travel in the United States and other destinations.