Insider Buying: NextTrip (NASDAQ:NTRP) Director Buys 18,200 Shares

NextTrip, Inc. (NASDAQ:NTRP) Director David Jiang purchased 18,200 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was bought at an average price of $2.75 per share, for a total transaction of $50,050.00. Following the completion of the purchase, the director directly owned 1,582,157 shares of the company’s stock, valued at $4,350,931.75. The trade was a 1.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NextTrip Stock Performance

Shares of NTRP traded down $0.02 during mid-day trading on Monday, reaching $2.05. 143,314 shares of the company’s stock were exchanged, compared to its average volume of 67,514. The business’s fifty day simple moving average is $2.49 and its 200-day simple moving average is $2.97. The stock has a market capitalization of $29.70 million, a PE ratio of -1.10 and a beta of 1.03. NextTrip, Inc. has a 52-week low of $1.80 and a 52-week high of $5.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.81 and a quick ratio of 0.81.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Ascendiant Capital Markets raised their target price on NextTrip from $7.00 to $7.50 and gave the company a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings cut shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 4th. Finally, Zacks Research upgraded shares of NextTrip to a “hold” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.50.

Institutional Trading of NextTrip

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

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.