NextTrip (NASDAQ:NTRP) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

NextTrip, Inc. (NASDAQ:NTRP)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.70 and traded as low as $1.85. NextTrip shares last traded at $1.92, with a volume of 169,337 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Ascendiant Capital Markets increased their price target on NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings downgraded shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.50.

NextTrip Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.02. The business has a 50 day simple moving average of $2.15 and a two-hundred day simple moving average of $2.70. The firm has a market cap of $28.65 million, a PE ratio of -1.36 and a beta of 1.02.

NextTrip (NASDAQ:NTRP) last released its earnings results on Wednesday, July 15th. The company reported ($0.22) earnings per share for the quarter, hitting the consensus estimate of ($0.22). The business had revenue of $1.45 million during the quarter, compared to the consensus estimate of $1.38 million. NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. As a group, equities research analysts forecast that NextTrip, Inc. will post -0.98 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Andrew Jay Kaplan acquired 18,182 shares of the stock in a transaction on Friday, May 8th. The stock was bought at an average cost of $2.75 per share, with a total value of $50,000.50. Following the transaction, the director directly owned 51,582 shares in the company, valued at approximately $141,850.50. This represents a 54.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David T. Jiang bought 18,200 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was bought at an average price of $2.75 per share, for a total transaction of $50,050.00. Following the completion of the purchase, the director directly owned 1,582,157 shares in the company, valued at approximately $4,350,931.75. This represents a 1.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 44.50% of the stock is owned by insiders.

Institutional Investors Weigh In On NextTrip

A hedge fund recently bought a new stake in NextTrip stock. Armistice Capital LLC bought a new stake in NextTrip, Inc. (NASDAQ:NTRP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,000,000 shares of the company’s stock, valued at approximately $3,230,000. Armistice Capital LLC owned approximately 7.32% of NextTrip as of its most recent SEC filing. Hedge funds and other 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.