Ascendiant Capital Markets Begins Coverage on NextTrip (NASDAQ:NTRP)

Equities research analysts at Ascendiant Capital Markets started coverage on shares of NextTrip (NASDAQ:NTRP) in a research note issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. Ascendiant Capital Markets’ price objective would indicate a potential upside of 143.90% from the stock’s previous close.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of NextTrip in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.00.

NextTrip Trading Down 2.0%

NASDAQ:NTRP opened at $2.87 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $39.23 million, a P/E ratio of -2.01 and a beta of 1.45. The firm’s fifty day moving average is $3.24 and its 200-day moving average is $3.59. NextTrip has a 52 week low of $1.50 and a 52 week high of $6.48.

NextTrip (NASDAQ:NTRP) last posted its quarterly earnings data 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 return on equity of 230.71% and a negative net margin of 698.51%. Equities analysts expect that NextTrip will post -0.78 earnings per share for the current year.

Hedge Funds Weigh In On NextTrip

Institutional investors and hedge funds have recently bought and sold shares of the company. Armistice Capital LLC bought a new position in shares of NextTrip during the 4th quarter worth $3,230,000. Kera Capital Partners Inc. bought a new stake in NextTrip during the third quarter valued at $33,000. Finally, Geode Capital Management LLC boosted its position in shares of NextTrip by 21.6% during the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock valued at $129,000 after acquiring an additional 7,086 shares during the last quarter. 3.81% of the stock is owned by institutional investors.

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.