NextTrip (NASDAQ:NTRP) Share Price Passes Below 200 Day Moving Average – What’s Next?

Shares of NextTrip, Inc. (NASDAQ:NTRP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.40 and traded as low as $2.96. NextTrip shares last traded at $2.99, with a volume of 36,221 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Ascendiant Capital Markets started coverage on NextTrip in a report on Monday, March 2nd. They set a “buy” rating and a $7.00 price target on the stock. Zacks Research raised NextTrip to a “hold” rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of NextTrip in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NextTrip has a consensus rating of “Hold” and an average target price of $7.00.

NextTrip Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $40.87 million, a price-to-earnings ratio of -2.09 and a beta of 1.32. The company’s fifty day moving average is $2.97 and its two-hundred day moving average is $3.40.

NextTrip (NASDAQ:NTRP) last announced its quarterly earnings data 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%. Equities research analysts forecast that NextTrip, Inc. will post -0.78 EPS for the current year.

Hedge Funds Weigh In On NextTrip

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew 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. Kera Capital Partners Inc. bought a new stake in NextTrip during the third quarter worth approximately $33,000. Finally, Armistice Capital LLC purchased a new position in shares of NextTrip in the fourth quarter worth approximately $3,230,000. 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.