NextTrip (NASDAQ:NTRP) Releases Earnings Results

NextTrip (NASDAQ:NTRP) announced its quarterly earnings data on Wednesday. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21), Zacks reports. NextTrip had a negative return on equity of 298.91% and a negative net margin of 1,323.22%.

NextTrip Stock Down 0.3%

NASDAQ NTRP traded down $0.01 during mid-day trading on Wednesday, hitting $3.25. The company’s stock had a trading volume of 459,710 shares, compared to its average volume of 47,330. The firm has a market capitalization of $44.28 million, a price-to-earnings ratio of -2.30 and a beta of 1.42. The company’s 50 day simple moving average is $3.78 and its 200 day simple moving average is $3.77. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.02. NextTrip has a twelve month low of $1.50 and a twelve month high of $7.78.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of NextTrip in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NextTrip has an average rating of “Reduce” and an average target price of $5.00.

Insiders Place Their Bets

In other NextTrip news, Director Andrew Jay Kaplan acquired 33,400 shares of NextTrip stock in a transaction dated Tuesday, November 4th. The stock was purchased at an average cost of $3.00 per share, for a total transaction of $100,200.00. Following the completion of the acquisition, the director directly owned 108,400 shares of the company’s stock, valued at $325,200. This represents a 44.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 44.50% 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.