Key Points
- NextTrip director Andrew Jay Kaplan bought 18,182 shares at $2.75 each, spending a total of $50,000.50. After the purchase, he owned 51,582 shares, a 54.44% increase in his stake.
- Shares of NTRP were down 2.7% in Tuesday trading, opening at $2.48. The stock remains below both its 50-day moving average of $2.88 and its 200-day moving average of $3.33.
- Analyst sentiment is mixed, with one Buy, one Hold, and one Sell rating. MarketBeat says the stock’s consensus rating is Hold with a $7.00 price target.
NextTrip, Inc. (NASDAQ:NTRP - Get Free Report) Director Andrew Jay Kaplan bought 18,182 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $2.75 per share, for a total transaction of $50,000.50. Following the completion of the purchase, the director directly owned 51,582 shares of the company's stock, valued at $141,850.50. This represents a 54.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NextTrip Trading Down 2.7%
Shares of NTRP opened at $2.48 on Tuesday. The firm's 50 day simple moving average is $2.88 and its 200 day simple moving average is $3.33. The company has a market capitalization of $33.90 million, a P/E ratio of -1.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.85 and a quick ratio of 0.85. NextTrip, Inc. has a 1-year low of $1.72 and a 1-year high of $5.20.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Armistice Capital LLC purchased a new position in shares of NextTrip during the fourth quarter worth approximately $3,230,000. Geode Capital Management LLC increased its stake in shares of NextTrip by 21.6% in the fourth quarter. Geode Capital Management LLC now owns 39,852 shares of the company's stock worth $129,000 after buying an additional 7,086 shares during the period. Finally, Kera Capital Partners Inc. purchased a new position in shares of NextTrip in the third quarter worth $33,000. 3.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
NTRP has been the topic of several research reports. Zacks Research raised shares of NextTrip to a "hold" rating in a research note on Tuesday, March 17th. Ascendiant Capital Markets initiated coverage on shares of NextTrip in a research note on Monday, March 2nd. They set a "buy" rating and a $7.00 price target on the stock. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of NextTrip in a research note on Friday, March 27th. One investment 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.00.
Get Our Latest Analysis on NTRP
About NextTrip
(
Get Free Report)
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.
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