Key Points
- Director Andrew Jay Kaplan bought 52,910 NextTrip shares at an average price of $1.89, investing $99,999.90 and more than doubling his holdings to 104,492 shares.
- NextTrip reported a quarterly loss of $0.22 per share, matching estimates, while analysts expect a full-year loss of $0.98 per share. The company also posted deeply negative net margins and return on equity.
- Analyst views remain mixed, with one Buy, one Hold and one Sell rating, resulting in a consensus Hold rating despite an average price target of $7.75 versus the stock’s recent price near $1.94.
NextTrip, Inc. (NASDAQ:NTRP - Get Free Report) Director Andrew Jay Kaplan acquired 52,910 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The stock was purchased at an average price of $1.89 per share, with a total value of $99,999.90. Following the completion of the acquisition, the director owned 104,492 shares in the company, valued at $197,489.88. The trade was a 102.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
NextTrip Stock Performance
Shares of NTRP opened at $1.94 on Thursday. The company has a market cap of $29.27 million, a price-to-earnings ratio of -1.38 and a beta of 1.03. The business's fifty day simple moving average is $1.59 and its two-hundred day simple moving average is $2.20. NextTrip, Inc. has a 12 month low of $0.90 and a 12 month high of $5.20. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.02.
NextTrip (NASDAQ:NTRP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The company reported ($0.22) earnings per share for the quarter, hitting the consensus estimate of ($0.22). NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. Research analysts anticipate that NextTrip, Inc. will post -0.98 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have issued reports on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of NextTrip in a research note on Tuesday, September 1st. Ascendiant Capital Markets boosted their price objective on shares of NextTrip from $7.50 to $7.75 and gave the company a "buy" rating in a report on Monday, September 14th. 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $7.75.
Check Out Our Latest Research Report on NTRP
About NextTrip
(
Get Free Report)
NextTrip, Inc (NASDAQ:NTRP) is a travel technology and online travel company that provides booking services for leisure and business travelers. Through its digital platform, the company offers access to accommodations, air travel, vacation packages, cruises, car rentals and other travel-related products and services.
NextTrip also develops business-to-business travel solutions designed to help travel agencies, corporate partners and other organizations market and sell travel products. Its technology and booking capabilities are intended to support direct-to-consumer transactions as well as partner and private-label distribution channels.
The company serves customers seeking travel within the United States and to international destinations through its online offerings.
Further Reading
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