NextTrip (NTRP)
Market Price (12/28/2025): $3.63 | Market Cap: $28.8 MilSector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines
NextTrip (NTRP)
Market Price (12/28/2025): $3.63Market Cap: $28.8 MilSector: Consumer DiscretionaryIndustry: Hotels, Resorts & Cruise Lines
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 81% | Weak multi-year price returns2Y Excs Rtn is -18%, 3Y Excs Rtn is -142% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1217% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46% | Expensive valuation multiplesP/SPrice/Sales ratio is 28x | |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech. | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 241% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -341%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -365% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -52% | ||
| High stock price volatilityVol 12M is 116% | ||
| Key risksNTRP key risks include [1] substantial doubt about its ability to continue as a going concern due to financial instability, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 81% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -46% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech. |
| Weak multi-year price returns2Y Excs Rtn is -18%, 3Y Excs Rtn is -142% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -13 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1217% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 28x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 241% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -341%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -365% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -52% |
| High stock price volatilityVol 12M is 116% |
| Key risksNTRP key risks include [1] substantial doubt about its ability to continue as a going concern due to financial instability, Show more. |
Why The Stock Moved
Qualitative Assessment
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<b>1. Elevated Non-Cash Expenses in Q2 2025:</b> NextTrip reported elevated non-cash professional and consulting fees in its second-quarter financial results for the period ending August 31, 2025, which were announced on October 15, 2025. These increased expenses likely contributed to investor concern.
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<b>2. Private Placement Financing:</b> On December 22, 2025, NextTrip announced a private placement financing for gross proceeds of approximately $3 million, involving the issuance of 1 million shares and warrants. Such financing deals, which can dilute existing shares, often create downward pressure on a company's stock price.
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<b>3. Broader Technology Sector Weakness:</b> Shares of companies within the broader technology sector were trading lower during this period, partly due to cautious outlooks from other significant technology firms. This general sector downturn likely affected NTRP's stock performance.
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<b>4. Underperformance Against Industry and Market:</b> NextTrip's stock underperformed both the US Software industry and the broader US Market over the past year. This consistent underperformance suggests a prevailing lack of investor confidence compared to its peers and the overall market.
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<b>5. Stock Price Volatility:</b> The company's share price has exhibited significant volatility over the past three months, with its weekly volatility being higher than 75% of US stocks over the past year. This inherent volatility can lead to sharp declines in stock value.
Show moreStock Movement Drivers
Fundamental Drivers
The 8.6% change in NTRP stock from 9/27/2025 to 12/27/2025 was primarily driven by a 133.6% change in the company's Total Revenues ($ Mil).| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 3.39 | 3.68 | 8.55% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 0.45 | 1.05 | 133.60% |
| P/S Multiple | 49.45 | 27.66 | -44.07% |
| Shares Outstanding (Mil) | 6.59 | 7.93 | -20.36% |
| Cumulative Contribution | 4.06% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| NTRP | 8.6% | |
| Market (SPY) | 4.3% | 25.1% |
| Sector (XLY) | 1.8% | 7.1% |
Fundamental Drivers
The 4.8% change in NTRP stock from 6/28/2025 to 12/27/2025 was primarily driven by a 110.3% change in the company's Total Revenues ($ Mil).| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 3.51 | 3.68 | 4.84% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 0.50 | 1.05 | 110.32% |
| P/S Multiple | 41.43 | 27.66 | -33.25% |
| Shares Outstanding (Mil) | 5.92 | 7.93 | -33.90% |
| Cumulative Contribution | -7.21% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| NTRP | 4.8% | |
| Market (SPY) | 12.6% | 21.0% |
| Sector (XLY) | 11.9% | 7.0% |
Fundamental Drivers
The -31.3% change in NTRP stock from 12/27/2024 to 12/27/2025 was primarily driven by a -483.2% change in the company's Shares Outstanding (Mil).| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 5.36 | 3.68 | -31.34% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 0.58 | 1.05 | 81.10% |
| P/S Multiple | 12.51 | 27.66 | 121.07% |
| Shares Outstanding (Mil) | 1.36 | 7.93 | -483.15% |
| Cumulative Contribution | -1634.03% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| NTRP | -31.3% | |
| Market (SPY) | 17.0% | 10.4% |
| Sector (XLY) | 7.0% | 11.4% |
Fundamental Drivers
The -55.1% change in NTRP stock from 12/28/2022 to 12/27/2025 was primarily driven by a -1409.8% change in the company's Shares Outstanding (Mil).| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 8.20 | 3.68 | -55.12% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 0.83 | 1.05 | 27.68% |
| P/S Multiple | 5.21 | 27.66 | 430.70% |
| Shares Outstanding (Mil) | 0.52 | 7.93 | -1409.84% |
| Cumulative Contribution | -8975.32% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| NTRP | 15.4% | |
| Market (SPY) | 48.0% | 7.6% |
| Sector (XLY) | 37.7% | 8.2% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NTRP Return | -66% | -46% | -78% | -62% | 99% | -38% | -98% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| NTRP Win Rate | 50% | 42% | 25% | 25% | 50% | 67% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| NTRP Max Drawdown | -79% | -48% | -78% | -70% | -50% | -72% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | NTRP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -98.4% | -25.4% |
| % Gain to Breakeven | 6214.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -80.4% | -33.9% |
| % Gain to Breakeven | 409.9% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -92.8% | -19.8% |
| % Gain to Breakeven | 1280.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
NextTrip's stock fell -98.4% during the 2022 Inflation Shock from a high on 3/15/2021. A -98.4% loss requires a 6214.0% gain to breakeven.
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- Expedia for vacation packages.
- A travel booking platform similar to Expedia, but also providing white-label solutions for other businesses.
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Here are the major products and services offered by NextTrip (NTRP):- Online Travel Booking Platform: Provides a comprehensive digital platform for booking various travel-related products and services.
- Travel Packages: Offers pre-bundled combinations of flights, hotels, and other travel components for convenience and savings.
- Hotel Bookings: Facilitates reservations for accommodations worldwide.
- Flight Bookings: Enables the purchase of airline tickets for domestic and international travel.
- Cruise Bookings: Allows customers to reserve voyages on various cruise lines.
- Car Rentals: Provides access to a wide selection of rental vehicles globally.
- Membership Travel Club: A subscription service offering exclusive discounts, perks, and personalized travel assistance to members.
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NextTrip (NTRP) Major Customers
NextTrip (NTRP) operates as both a business-to-business (B2B) and business-to-consumer (B2C) travel technology company. While its B2B segment provides white-label solutions, API access, and fulfillment services to travel agencies, corporate clients, and other distributors, NextTrip's financial disclosures (such as its 10-K filings) do not name specific major B2B customer companies. This typically implies a fragmented customer base in that sector, where no single B2B customer accounts for a significant portion of revenue requiring disclosure.
NextTrip also operates several direct-to-consumer online travel agencies (OTAs) and travel-related websites. Given the absence of specific major B2B customer company disclosures, NextTrip primarily serves a diverse base of individual travelers through its B2C platforms. The major categories of individual customers it serves are:
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Leisure Travelers: These are individuals and families booking trips for personal enjoyment, holidays, and vacations. They utilize NextTrip's platforms for flights, hotels, car rentals, cruises, and vacation packages for recreational purposes.
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Business Travelers: This category includes individuals who require travel for professional purposes, such as corporate meetings, conferences, and work assignments. They book flights, hotels, and car rentals through NextTrip's platforms for their business-related needs.
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Value-Conscious Travelers: These customers prioritize cost-effectiveness and are actively seeking the best deals on flights, hotels, and packages. They are often flexible with their travel plans to secure savings and leverage NextTrip's platforms to compare prices and find economical options.
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William Kerby, Chief Executive Officer and Director
Appointed CEO in December 2023, William Kerby is also the founder of NextTrip. He brings extensive experience in strategic development, operations, business acquisition, and integration. Previously, he served as Chief Engagement Officer of The Mark Travel Corporation (TMTC) and Trisept Solutions, where he was instrumental in leading the company to over $4 billion in annual sales.
Frank D. Orzechowski, Chief Financial Officer, Treasurer, Principal Accounting Officer and Corporate Secretary
Frank D. Orzechowski serves as NextTrip's Chief Financial Officer, Treasurer, Principal Accounting Officer, and Corporate Secretary. His total yearly compensation is reported as $200,000.
John McMahon, Chief Operating Officer, Travel Division
Appointed Chief Operating Officer of the Travel Division in February 2025, John McMahon also holds the position of Chief Executive Officer and majority shareholder of Five Star Alliance ("FSA"). NextTrip acquired a 49% stake in Five Star Alliance. McMahon contributes extensive expertise in management, marketing strategy, digital marketing, online distribution, social media, and business development within the leisure, travel, and tourism industry, alongside deep industry relationships.
Donald P. Monaco, Non-Independent Chairman
Donald P. Monaco has served as the Chairman of NextTrip's Board since December 2023. He possesses nearly five decades of experience in international information technology and business management, having served as a Partner and Senior Executive at Accenture for 28 years. Monaco founded and owned Monaco Air Duluth, LLC, an aviation services business which he sold in April 2025. He has also been appointed by Minnesota Governors since 2009 to serve as a Commissioner of the Metropolitan Airports Commission. His prior board experience includes serving as chairman of the board of directors for NextPlay Technologies, Inc. (formerly Monaker) and Verus International, Inc. (formerly RealBiz Media Group, Inc.), and as a director at Republic Bank.
Gregory Miller, Executive Vice President
Gregory Miller brings over 30 years of experience in both the public and private sectors. He has a track record of leading multiple acquisitions and consistently exceeding growth targets.
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NextTrip (NTRP) faces several significant risks that threaten its business operations and financial viability. The most pressing risk is **financial instability and going concern doubt**. NextTrip operates with a considerable debt burden, rapidly depletes its cash reserves, and its short-term liabilities surpass its liquid assets. The company has a history of unprofitability, indicated by weak gross profit margins and a significantly negative operating income margin. Furthermore, there is "substantial doubt" about its ability to continue as a going concern, necessitating additional capital to sustain operations. Another critical risk is **Nasdaq non-compliance and potential delisting**. NextTrip has received multiple notices from Nasdaq due to its failure to timely file annual and quarterly financial reports (Form 10-K and 10-Q). A failure to regain compliance with Nasdaq's listing rules could result in the delisting of its common stock, which would severely hinder its ability to raise capital and erode investor confidence. Finally, NextTrip is exposed to risks associated with its **limited operating history and intense competition**. The company possesses a nascent track record with insufficient operating results to accurately forecast long-term performance. It operates within a highly competitive travel market dominated by established players like Expedia and Booking.com. Additionally, the effectiveness of its search engine optimization (SEO) and search engine marketing (SEM) strategies is uncertain due to potential algorithm changes, and a lack of marketing funds restricts its ability to leverage its travel technology platforms.AI Analysis | Feedback
The rapid emergence and integration of AI-powered conversational planning tools and large language models (LLMs) by major tech players and travel providers.
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NextTrip (NTRP) operates within several significant addressable markets for its diverse range of travel products and services.
The global online travel market is experiencing substantial expansion. For its leisure travel offerings, which include customized vacation packages, flights, hotels, tours, wellness vacations, and cruises through brands like NextTrip Vacations and Five Star Alliance, the broader online travel agency (OTA) market presents considerable growth opportunities. Mobile bookings alone constitute 57-59% of all online travel reservations.
For its corporate and business travel solutions, NextTrip Business targets the small-to-mid-sized corporate travel segment. The global B2B travel platform market is projected to grow from approximately $2.17 billion in 2024 to $4.8 billion by 2034, demonstrating a compound annual growth rate (CAGR) of 8.20% during this period. North America held a significant share, accounting for over 36% of the global B2B travel platform market in 2024, generating around $0.78 billion. Additionally, the managed travel distribution market, which includes corporate travel solutions, is projected to increase from $91,015 million in 2024 to $202,307.13 million by 2032, with a CAGR of 10.5% globally.
NextTrip also has a notable focus on the group travel market, bolstered by its acquisition of TA Pipeline. The global group travel market was valued at $235.94 billion in 2024 and is forecast to reach $541.32 billion by 2035, growing at a CAGR of 7.84%.
As a technology-driven travel company utilizing its proprietary NXT2.0 booking engine and a travel agent platform (NextTrip Solutions), NextTrip operates within the broader travel technology and travel distribution system markets. The global travel technology market reached $10.7 billion in 2024 and is expected to grow to $18.6 billion by 2033, with a CAGR of 6.05% from 2025 to 2033. Another estimate places the global travel technology market at $11.24 billion in 2025, projected to reach $23.28 billion by 2035 at a CAGR of 7.55%. North America is a leading region in both market size and innovation for travel technology. The global travel distribution system market is anticipated to be worth $6600.51 million in 2024, projected to reach $7958.1 million by 2033 at a CAGR of 2.1%. North America accounts for over 38% of the total activity in the travel distribution system market.
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NextTrip (NTRP) is poised for future revenue growth over the next 2-3 years, driven by a multifaceted strategy that includes strategic acquisitions, leveraging its integrated media and travel platforms, and enhancing its core technology to expand market reach and customer engagement.
- Strategic Acquisitions and Expansion into Group and Luxury Travel: NextTrip's acquisition of TA Pipeline, a group travel booking specialist, is expected to significantly contribute to revenue by expanding into incentive, corporate group, and meeting travel, beyond its traditional all-inclusive leisure focus. TA Pipeline is projected to generate approximately $8 million in revenue for 2025 and offers scalable growth opportunities, including licensing its group booking technology to consortia, travel management companies, and other operators. Additionally, the full acquisition of Five Star Alliance, a luxury hotel online travel agency, positions NextTrip to capture a larger share of the high-end travel market by integrating its inventory and bolstering both B2C and B2B luxury travel segments.
- Leveraging the "Content-to-Commerce" Model and Media Platforms: NextTrip is focused on a "content-to-commerce" operating model, integrating its media platforms like Journy.tv (a Free Ad-Supported Streaming TV channel), Compass.TV, and TravelMagazine.com with its booking capabilities. This strategy aims to inspire travelers through engaging video content and influencer collaborations, then seamlessly convert that inspiration into direct travel bookings via interactive features and direct booking tools. This approach is designed to generate dual revenue streams from both travel bookings and high-margin advertising.
- Technology-Driven Customer Growth and Market Penetration: The company plans to reactivate its foundational database of approximately 6 million travelers in late 2025 and early 2026. Furthermore, NextTrip is enhancing its comprehensive booking platform, originally acquired from Bookit.com, to support a diverse range of offerings including direct consumer bookings, travel agent services, group travel, alternative lodging, and business travel. The platform also offers white-label options and embeddable booking widgets, which can further expand its reach and partnerships globally. Strategic partnerships, such as the collaboration with Blue Fysh Holdings for cross-promotion and advertising, are also expected to expand market reach and create new revenue streams.
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Share Issuance
- NextTrip completed a reverse merger in December 2023, where Sigma Additive Solutions acquired 100% of NextTrip Holdings, Inc. in an all-stock transaction, resulting in NextTrip becoming the sole operating business.
- In 2025, NextTrip issued 1,450,000 contingent shares on May 5 and 4,393,993 contingent shares on March 26, to the NextTrip Sellers, fulfilling obligations from the acquisition deal with NextTrip Holdings upon achieving milestone events.
- The company converted $152,970 in director loans into 47,803 shares of Series Q Nonvoting Convertible Preferred Stock at $3.20 per share.
Inbound Investments
- Founders, board members, and early shareholders committed over $15 million in capital to fuel the company's growth.
- NextTrip entered into a Securities Purchase Agreement with Alumni Capital LP, referencing a commitment of up to $10.0 million, from which the company may receive proceeds from sales to Alumni under this agreement and cash exercises of warrants.
- The reverse merger with NextTrip Holdings, Inc. in December 2023 effectively integrated NextTrip Holdings' business into the publicly traded entity.
Outbound Investments
- NextTrip completed the acquisition of TA Pipeline LLC on November 5, 2025, to enhance its group travel platform.
- The company acquired Five Star Alliance, a luxury travel and lodging agency, to extend its reach to high-Average Revenue Per User (ARPU) clientele.
- NextTrip also acquired JOURNY.tv, a Free Ad-Supported Streaming TV (FAST) channel focused on travel discovery, and Bookit.com's technology stack and customer assets in June 2022.
Capital Expenditures
- For the last 12 months, capital expenditures amounted to -$300,000.
- For the fiscal year ending February 28, 2025, the value of Property, Plant, and Equipment was $0.00 million.
- NextTrip expects to require additional funding for capital expenditures related to equipment, development costs, and systems for managing the business.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| NextTrip Earnings Notes | ||
| Is NextTrip Stock Built to Withstand a Pullback? | Return |
| Title | |
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| ARTICLES |
Trade Ideas
Select ideas related to NTRP. For more, see Trefis Trade Ideas.
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| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.0% | 6.0% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.8% | 3.8% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.7% | 19.7% | 0.0% |
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for NextTrip
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.32 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Price Behavior
| Market Price | $3.68 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 10/14/2010 | |
| Distance from 52W High | -51.9% | |
| 50 Days | 200 Days | |
| DMA Price | $3.91 | $3.63 |
| DMA Trend | down | up |
| Distance from DMA | -5.8% | 1.4% |
| 3M | 1YR | |
| Volatility | 129.8% | 116.9% |
| Downside Capture | 394.28 | 194.79 |
| Upside Capture | 359.55 | 127.54 |
| Correlation (SPY) | 25.0% | 10.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.68 | 1.78 | 1.65 | 1.43 | 0.57 | 0.25 |
| Up Beta | -1.15 | -0.76 | -0.21 | -0.80 | -0.28 | -0.34 |
| Down Beta | 1.80 | 1.06 | 0.63 | 1.16 | 0.68 | 1.17 |
| Up Capture | 90% | 324% | 227% | 371% | 136% | 2% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 8 | 19 | 27 | 62 | 120 | 343 |
| Down Capture | 300% | 226% | 254% | 162% | 122% | 65% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 12 | 23 | 35 | 61 | 125 | 386 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of NTRP With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| NTRP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -30.7% | 7.5% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 117.0% | 24.3% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.22 | 0.24 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 11.0% | 10.2% | -4.3% | 2.3% | -2.4% | 15.4% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of NTRP With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| NTRP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -41.6% | 9.6% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 141.8% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.17 | 0.36 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 10.2% | 9.7% | 2.7% | 4.6% | 6.9% | 6.9% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of NTRP With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| NTRP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -47.3% | 13.2% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 136.0% | 21.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.07 | 0.55 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 10.3% | 9.7% | 2.8% | 4.2% | 8.4% | 1.6% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2023 | -3.2% | -28.7% | -28.5% |
| 8/14/2023 | -10.9% | 2.2% | -17.0% |
| 3/30/2023 | -9.6% | 0.7% | -15.8% |
| 11/14/2022 | 2.8% | -1.7% | -10.5% |
| 8/5/2022 | -11.4% | -15.9% | -25.8% |
| 3/24/2022 | -11.9% | -2.9% | -12.4% |
| 10/21/2021 | -10.2% | -18.8% | -30.7% |
| 7/22/2021 | -8.5% | 9.6% | -10.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 7 | 3 |
| # Negative | 12 | 11 | 15 |
| Median Positive | 4.0% | 6.5% | 34.9% |
| Median Negative | -10.5% | -15.9% | -16.4% |
| Max Positive | 13.9% | 25.6% | 36.5% |
| Max Negative | -15.9% | -28.7% | -30.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 8312025 | 10152025 | 10-Q 8/31/2025 |
| 5312025 | 7152025 | 10-Q 5/31/2025 |
| 2282025 | 5292025 | 10-K 2/28/2025 |
| 11302024 | 1142025 | 10-Q 11/30/2024 |
| 8312024 | 10152024 | 10-Q 8/31/2024 |
| 5312024 | 9162024 | 10-Q 5/31/2024 |
| 2292024 | 9042024 | 10-K 2/29/2024 |
| 9302023 | 11132023 | 10-Q 9/30/2023 |
| 6302023 | 8142023 | 10-Q 6/30/2023 |
| 3312023 | 5152023 | 10-Q 3/31/2023 |
| 12312022 | 3302023 | 10-K 12/31/2022 |
| 9302022 | 11142022 | 10-Q 9/30/2022 |
| 6302022 | 8052022 | 10-Q 6/30/2022 |
| 3312022 | 4262022 | 10-Q 3/31/2022 |
| 12312021 | 3242022 | 10-K 12/31/2021 |
| 9302021 | 10212021 | 10-Q 9/30/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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