NextTrip Inc (NASDAQ: NTRP): A Business Review And Growth Forecast

In the last trading session, 50101.0 shares of the NextTrip Inc (NASDAQ:NTRP) were traded, and its beta was 1.68. Most recently the company’s share price was $7.26, and it changed around $0.51 or 7.56% from the last close, which brings the market valuation of the company to $11.56M. NTRP currently trades at a discount to its 52-week high of $8.50, offering almost -17.08% off that amount. The share price’s 52-week low was $1.38, which indicates that the current value has risen by an impressive 80.99% since then. We note from NextTrip Inc’s average daily trading volume that its 10-day average is 42090.0 shares, with the 3-month average coming to 56.93K.

NextTrip Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended NTRP as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. NextTrip Inc is expected to report earnings per share of -0.2 for the current quarter.

NextTrip Inc (NASDAQ:NTRP) trade information

Instantly NTRP has showed a green trend with a performance of 7.56% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.65 on recent trading dayincreased the stock’s daily price by 5.1%. The company’s shares are currently up 20.40% year-to-date, but still down -5.09% over the last five days. On the other hand, NextTrip Inc (NASDAQ:NTRP) is 64.25% up in the 30-day period. We can see from the shorts that 60761.0 shares have been sold at a short interest cover period of 1.36 day(s).

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.62M in revenue for the current quarter. 1 analysts expect NextTrip Inc to make 1.36M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 623.03%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 27.64%.

NTRP Dividends

NextTrip Inc’s next quarterly earnings report is expected to be released in February.

NextTrip Inc (NASDAQ:NTRP)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 249.04% of NextTrip Inc shares, and 0.50% of them are in the hands of institutional investors. The stock currently has a share float of -0.34%.

Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 5.43 shares worth $39400.0, making up 0.34% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 3.34 shares worth around $24248.0, which represents about 0.21% of the total shares outstanding.