NextTrip (NASDAQ:NTRP) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

NextTrip, Inc. (NASDAQ:NTRP)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.14 and traded as low as $2.90. NextTrip shares last traded at $3.00, with a volume of 56,882 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NTRP shares. Ascendiant Capital Markets initiated coverage on shares of NextTrip in a research report on Monday, March 2nd. They set a “buy” rating and a $7.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of NextTrip in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NextTrip presently has a consensus rating of “Hold” and a consensus price target of $7.00.

NextTrip Price Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $3.14 and its 200-day moving average price is $3.55. The stock has a market cap of $41.00 million, a P/E ratio of -2.10 and a beta of 1.45.

NextTrip (NASDAQ:NTRP) last announced its quarterly earnings results on Wednesday, January 14th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.21). NextTrip had a negative net margin of 698.51% and a negative return on equity of 230.71%. Analysts forecast that NextTrip, Inc. will post -0.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NTRP. Kera Capital Partners Inc. purchased a new position in NextTrip during the 3rd quarter valued at about $33,000. Geode Capital Management LLC lifted its holdings in NextTrip by 21.6% in the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock worth $129,000 after buying an additional 7,086 shares during the period. Finally, Armistice Capital LLC bought a new stake in shares of NextTrip in the 4th quarter worth approximately $3,230,000. 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.