NextTrip (NTRP) Expected to Announce Quarterly Earnings on Wednesday

NextTrip (NASDAQ:NTRP) is projected to issue its results after the market closes on Wednesday, April 29th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $0.71 million for the quarter.

NextTrip Stock Performance

NextTrip stock opened at $2.94 on Wednesday. The firm has a fifty day simple moving average of $2.97 and a two-hundred day simple moving average of $3.40. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.02. NextTrip has a twelve month low of $1.50 and a twelve month high of $5.20. The company has a market capitalization of $40.18 million, a PE ratio of -2.06 and a beta of 1.32.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NTRP. Zacks Research upgraded NextTrip to a “hold” rating in a report on Tuesday, March 17th. Weiss Ratings restated a “sell (d-)” rating on shares of NextTrip in a report on Friday, March 27th. Finally, Ascendiant Capital Markets initiated coverage on NextTrip in a research report on Monday, March 2nd. They set a “buy” rating and a $7.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.00.

Institutional Investors 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% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,852 shares of the company’s stock after acquiring an additional 7,086 shares during the quarter. Geode Capital Management LLC owned approximately 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.

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.