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

by · The Cerbat Gem

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

NextTrip Stock Up 1.5%

NASDAQ:NTRP traded up $0.03 during trading hours on Wednesday, hitting $2.04. 5,785,812 shares of the stock traded hands, compared to its average volume of 89,844. The firm has a 50 day moving average price of $2.23 and a 200 day moving average price of $2.77. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.02. NextTrip has a fifty-two week low of $1.80 and a fifty-two week high of $5.20. The firm has a market cap of $29.56 million, a price-to-earnings ratio of -1.09 and a beta of 1.02.

Insider Buying and Selling at NextTrip

In other NextTrip news, Director David T. Jiang purchased 18,200 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of $2.75 per share, with a total value of $50,050.00. Following the completion of the transaction, the director owned 1,582,157 shares of the company’s stock, valued at approximately $4,350,931.75. This represents a 1.16% increase in their ownership of the stock. The acquisition 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 that occurred on Friday, May 8th. The stock was acquired at an average cost 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 approximately $141,850.50. This represents a 54.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 44.50% of the company’s stock.

Hedge Funds Weigh In On NextTrip

An institutional investor recently bought a new stake in NextTrip stock. Armistice Capital LLC purchased a new position in NextTrip, Inc. (NASDAQ:NTRP – Free Report) in the fourth quarter, according to its most recent Form 13F 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 approximately 7.32% of NextTrip at the end of the most recent reporting period. Institutional investors own 3.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings cut NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Zacks Research raised NextTrip to a “hold” rating in a research report on Tuesday, March 17th. Finally, Ascendiant Capital Markets upped their target price on NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.50.

Check Out Our Latest Report on NextTrip

About NextTrip

(Get Free Report)

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.

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