NextTrip (NASDAQ:NTRP) Stock Passes Below 200-Day Moving Average – Here’s What Happened

NextTrip, Inc. (NASDAQ:NTRP)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.29 and traded as low as $2.35. NextTrip shares last traded at $2.41, with a volume of 18,616 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NTRP shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a research report on Friday, March 27th. Zacks Research raised NextTrip to a “hold” rating in a research report on Tuesday, March 17th. Finally, Ascendiant Capital Markets initiated coverage on NextTrip in a research report on Monday, March 2nd. They issued a “buy” rating and a $7.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.00.

NextTrip Trading Down 0.4%

The stock has a market capitalization of $32.94 million, a price-to-earnings ratio of -1.69 and a beta of 1.09. 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 business has a 50-day moving average of $2.83 and a 200-day moving average of $3.29.

Insider Activity

In other news, Director Andrew Jay Kaplan bought 18,182 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $2.75 per share, with a total value of $50,000.50. Following the transaction, the director directly owned 51,582 shares in the company, valued at $141,850.50. This trade represents a 54.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 44.50% of the stock is currently owned by company insiders.

Institutional Trading of NextTrip

An institutional investor recently bought a new position in NextTrip stock. Armistice Capital LLC acquired a new stake in shares of NextTrip, Inc. (NASDAQ:NTRP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,000,000 shares of the company’s stock, valued at approximately $3,230,000. Armistice Capital LLC owned about 7.32% of NextTrip as of its most recent SEC filing. 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.