NextTrip (NASDAQ:NTRP) Posts Earnings Results, Misses Expectations By $0.11 EPS

NextTrip (NASDAQ:NTRP) released its quarterly earnings data on Thursday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.11), FiscalAI reports. The company had revenue of $0.55 million for the quarter, compared to the consensus estimate of $1.79 million. NextTrip had a negative net margin of 289.92% and a negative return on equity of 246.48%.

NextTrip Stock Down 2.3%

Shares of NASDAQ:NTRP opened at $1.67 on Friday. The firm has a fifty day moving average price of $1.63 and a two-hundred day moving average price of $2.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.61 and a quick ratio of 0.61. NextTrip has a one year low of $0.90 and a one year high of $5.20. The company has a market cap of $25.19 million, a price-to-earnings ratio of -1.18 and a beta of 0.97.

Insider Activity at NextTrip

In other news, Director Andrew Kaplan purchased 52,910 shares of NextTrip stock in a transaction dated Thursday, September 17th. The stock was purchased at an average cost of $1.89 per share, for a total transaction of $99,999.90. Following the transaction, the director directly owned 104,492 shares of the company’s stock, valued at approximately $197,489.88. This trade represents a 102.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 40.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on NTRP. Ascendiant Capital Markets raised their target price on NextTrip from $7.50 to $7.75 and gave the stock a “buy” rating in a research note on Monday, September 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextTrip in a research report on Tuesday, September 1st. One 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 stock has an average rating of “Hold” and an average target price of $7.75.

About NextTrip

NextTrip, Inc is a travel technology company that provides online booking services for leisure and business travelers. Through its digital platform, the company helps customers search for and reserve accommodations, flights, rental cars, vacation packages and other travel-related services.

In addition to individual travel bookings, NextTrip offers services for group travel, meetings and events. Its business model combines direct-to-consumer offerings with relationships involving travel suppliers and distribution partners, allowing customers to organize multiple components of a trip through a single platform.

NextTrip primarily serves travelers in the United States through its online channels and the NextTrip brand.