NextTrip (NASDAQ:NTRP) Trading Down 4.4% – Here’s Why

NextTrip, Inc. (NASDAQ:NTRP) dropped 4.4% on Thursday . The stock traded as low as $3.68 and last traded at $3.68. Approximately 17,658 shares traded hands during trading, a decline of 72% from the average daily volume of 62,656 shares. The stock had previously closed at $3.85.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of NextTrip in a research report on Monday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $5.00.

NextTrip Stock Down 4.4%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.70 and a current ratio of 0.70. The stock’s fifty day simple moving average is $3.80 and its two-hundred day simple moving average is $3.49. The stock has a market capitalization of $32.00 million, a P/E ratio of -2.61 and a beta of 1.65.

NextTrip (NASDAQ:NTRP) last released its quarterly earnings results on Wednesday, October 15th. The company reported ($0.39) earnings per share (EPS) for the quarter. NextTrip had a negative net margin of 1,323.22% and a negative return on equity of 298.91%. The business had revenue of $0.76 million for the quarter. As a group, research analysts expect that NextTrip, Inc. will post -0.78 EPS for the current fiscal year.

Insider Transactions at NextTrip

In related news, Director Andrew Jay Kaplan bought 33,400 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of $3.00 per share, with a total value of $100,200.00. Following the acquisition, the director owned 108,400 shares of the company’s stock, valued at $325,200. This represents a 44.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 44.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NextTrip

A hedge fund recently bought a new stake in NextTrip stock. Kera Capital Partners Inc. acquired a new position in NextTrip, Inc. (NASDAQ:NTRP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $33,000. Kera Capital Partners Inc. owned 0.12% of NextTrip at the end of the most recent reporting period. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

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.