NextTrip (NASDAQ:NTRP) Coverage Initiated by Analysts at Ascendiant Capital Markets

Ascendiant Capital Markets started coverage on shares of NextTrip (NASDAQ:NTRP) in a report released on Monday,Benzinga reports. The brokerage issued a buy rating and a $7.00 price objective on the stock.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NextTrip in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.00.

NextTrip Trading Up 1.4%

Shares of NTRP stock opened at $2.91 on Monday. The stock’s fifty day moving average price is $3.22 and its two-hundred day moving average price is $3.58. The company has a market cap of $39.78 million, a PE ratio of -2.03 and a beta of 1.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. NextTrip has a fifty-two week low of $1.50 and a fifty-two week high of $6.48.

NextTrip (NASDAQ:NTRP) last released its earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. Equities analysts predict that NextTrip will post -0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On NextTrip

Hedge funds have recently made changes to their positions in the business. Armistice Capital LLC purchased a new position in NextTrip in the fourth quarter valued at about $3,230,000. Geode Capital Management LLC lifted its holdings in NextTrip by 21.6% during the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after purchasing an additional 7,086 shares in the last quarter. Finally, Kera Capital Partners Inc. purchased a new position in NextTrip during the third quarter valued at approximately $33,000. 3.81% of the stock is currently owned by institutional investors.

About NextTrip

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.