NextTrip (NASDAQ:NTRP) Price Target Raised to $7.75

NextTrip (NASDAQ:NTRP) had its price target lifted by equities research analysts at Ascendiant Capital Markets from $7.50 to $7.75 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price points to a potential upside of 445.77% from the company’s previous close.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NextTrip in a research note on Tuesday, September 1st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NextTrip currently has an average rating of “Hold” and a consensus price target of $7.75.

NextTrip Price Performance

NTRP opened at $1.42 on Monday. The company’s 50 day simple moving average is $1.63 and its 200 day simple moving average is $2.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.61. NextTrip has a 1 year low of $0.90 and a 1 year high of $5.20. The stock has a market capitalization of $21.43 million, a PE ratio of -1.01 and a beta of 1.03.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings results on Wednesday, July 15th. The company reported ($0.22) EPS for the quarter, hitting the consensus estimate of ($0.22). NextTrip had a negative net margin of 289.92% and a negative return on equity of 246.48%. As a group, sell-side analysts expect that NextTrip will post -0.98 EPS for the current year.

Insider Activity at NextTrip

In related news, Director David T. Jiang bought 18,200 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of $2.75 per share, with a total value of $50,050.00. Following the completion of the transaction, the director directly owned 1,582,157 shares of the company’s stock, valued at approximately $4,350,931.75. This represents a 1.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 40.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NextTrip

An institutional investor recently raised its position in NextTrip stock. Geode Capital Management LLC raised its position in NextTrip, Inc. (NASDAQ:NTRP) by 21.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,852 shares of the company’s stock after acquiring an additional 7,086 shares during the quarter. Geode Capital Management LLC owned 0.29% of NextTrip worth $129,000 at the end of the most recent quarter. 3.81% of the stock is owned by institutional investors and hedge funds.

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.