NextTrip (NASDAQ:NTRP) Upgraded at Zacks Research

Zacks Research upgraded shares of NextTrip (NASDAQ:NTRP) to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other equities analysts have also commented on the company. Ascendiant Capital Markets began coverage on NextTrip in a research report on Monday, March 2nd. They set a “buy” rating and a $7.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextTrip in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.00.

NextTrip Stock Down 9.4%

Shares of NASDAQ:NTRP opened at $2.40 on Tuesday. The stock has a market capitalization of $32.80 million, a P/E ratio of -1.68 and a beta of 1.45. The stock’s 50-day moving average price is $3.05 and its 200-day moving average price is $3.52. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. NextTrip has a 12-month low of $1.50 and a 12-month high of $6.48.

NextTrip (NASDAQ:NTRP) last released its earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share 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%. On average, equities analysts anticipate that NextTrip will post -0.78 earnings per share for the current year.

Hedge Funds Weigh In On NextTrip

A number of institutional investors have recently bought and sold shares of the stock. Kera Capital Partners Inc. purchased a new position in NextTrip during the third quarter valued at approximately $33,000. Geode Capital Management LLC increased its stake in shares of NextTrip by 21.6% in the fourth 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, Armistice Capital LLC purchased a new stake in shares of NextTrip in the fourth quarter worth $3,230,000. 3.81% of the stock is owned by 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. 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.