NextTrip (NTRP) Expected to Announce Quarterly Earnings on Wednesday

NextTrip (NASDAQ:NTRP) is projected to issue its results after the market closes on Wednesday, April 29th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $0.71 million for the quarter.

NextTrip Price Performance

Shares of NTRP stock opened at $2.61 on Monday. The stock’s 50-day simple moving average is $2.95 and its 200-day simple moving average is $3.38. 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 capitalization of $35.68 million, a PE ratio of -1.83 and a beta of 1.32. NextTrip has a fifty-two week low of $1.50 and a fifty-two week high of $5.20.

Analyst Ratings Changes

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

Hedge Funds Weigh In On NextTrip

A hedge fund recently raised its stake in NextTrip stock. Geode Capital Management LLC boosted its holdings in shares of NextTrip, Inc. (NASDAQ:NTRP) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,852 shares of the company’s stock after purchasing an additional 7,086 shares during the quarter. Geode Capital Management LLC owned approximately 0.29% of NextTrip worth $129,000 at the end of the most recent reporting period. 3.81% of the stock is owned by hedge funds and other 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.