NextTrip (NASDAQ:NTRP) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

NextTrip (NASDAQ:NTRP) issued its quarterly earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06), Zacks reports. NextTrip had a negative net margin of 428.20% and a negative return on equity of 249.26%.

NextTrip Stock Up 1.5%

Shares of NTRP traded up $0.03 during trading hours on Wednesday, hitting $2.04. The company had a trading volume of 5,739,724 shares, compared to its average volume of 89,844. The firm has a fifty day moving average price of $2.23 and a 200-day moving average price of $2.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $29.56 million, a price-to-earnings ratio of -1.09 and a beta of 1.02. NextTrip has a 52-week low of $1.80 and a 52-week high of $5.20.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NTRP shares. Ascendiant Capital Markets raised their target price on shares of NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings cut NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Finally, Zacks Research upgraded NextTrip to a “hold” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NextTrip currently has a consensus rating of “Hold” and an average price target of $7.50.

Insider Transactions at NextTrip

In other news, Director David T. Jiang acquired 18,200 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average cost of $2.75 per share, with a total value of $50,050.00. Following the transaction, the director owned 1,582,157 shares of the company’s stock, valued at $4,350,931.75. This trade represents a 1.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew Jay Kaplan acquired 18,182 shares of NextTrip stock in a transaction on Friday, May 8th. The shares were purchased at an average price of $2.75 per share, with a total value of $50,000.50. Following the completion of the purchase, the director owned 51,582 shares in the company, valued at $141,850.50. This represents a 54.44% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 44.50% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in NextTrip stock. Armistice Capital LLC purchased a new stake in shares of NextTrip, Inc. (NASDAQ:NTRP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,000,000 shares of the company’s stock, valued at approximately $3,230,000. Armistice Capital LLC owned about 7.32% of NextTrip as of its most recent SEC filing. Institutional investors own 3.81% of the company’s stock.

NextTrip Company Profile

NextTrip, Inc, through its subsidiaries, engages in the provision of travel technology solutions in the United States. The company offers NXT2.0, a booking engine technology platform, which provides travel distributors access to an inventory. It is also involved in the provision of online leisure travel agency services for booking hotels, flights, and curated vacations. The company was formerly known as Sigma Additive Solutions, Inc and changed its name to NextTrip, Inc in March 2024. NextTrip, Inc is based in Sunrise, Florida.