NextTrip (NASDAQ:NTRP) Stock Jumps 4.9% – Here’s What Happened

Shares of NextTrip, Inc. (NASDAQ:NTRP) traded up 4.9% on Thursday. The company traded as high as $1.11 and last traded at $1.08. 90,247 shares were traded during trading, an increase of 40% from the average session volume of 64,477 shares. The stock had previously closed at $1.03.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NTRP. Weiss Ratings restated a “sell (e+)” rating on shares of NextTrip in a research note on Tuesday, September 1st. Ascendiant Capital Markets increased their price objective on shares of NextTrip from $7.50 to $7.75 and gave the company a “buy” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.75.

NextTrip Trading Up 4.9%

The company has a market cap of $16.45 million, a P/E ratio of -0.85 and a beta of 1.06. The business has a fifty day simple moving average of $1.55 and a 200 day simple moving average of $2.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.49 and a current ratio of 0.49.

NextTrip (NASDAQ:NTRP) last posted its quarterly earnings results on Thursday, October 15th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.11). NextTrip had a negative net margin of 319.76% and a negative return on equity of 275.12%. Analysts anticipate that NextTrip, Inc. will post -0.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andrew Kaplan bought 52,910 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was bought at an average cost of $1.89 per share, for a total transaction of $99,999.90. Following the completion of the purchase, the director directly owned 104,492 shares in the company, valued at approximately $197,489.88. The trade was a 102.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 40.00% of the stock is currently owned by company insiders.

NextTrip Company Profile

NextTrip, Inc. (NASDAQ:NTRP) is an online travel company that provides booking services and travel-related products to consumers and businesses. Its platform is designed to help customers research and reserve accommodations, vacation packages and other travel services through digital channels. The company’s offerings include hotel and lodging reservations, packaged vacations and related travel arrangements. NextTrip also works with travel suppliers and distribution partners to market inventory and facilitate bookings, serving customers seeking leisure travel in the United States and other destinations.