On Monday, New Horizon Aircraft Ltd (NASDAQ: HOVR) opened higher 55.97% from the last session, before settling in for the closing price of $0.29. Price fluctuations for HOVR have ranged from $0.24 to $12.14 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 67.11% at the time writing. With a float of $13.95 million, this company’s outstanding shares have now reached $18.61 million.
In an organization with 16 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -28.37%, operating margin of -14706.33%, and the pretax margin is -5329.37%.
New Horizon Aircraft Ltd (HOVR) Insider Updates
A key investor’s attitude towards the stock of the Aerospace & Defense industry is another important factor to consider. The insider ownership of New Horizon Aircraft Ltd is 34.82%, while institutional ownership is 13.37%. The most recent insider transaction that took place on Sep 18 ’24, was worth 83,640. In this transaction 10% Owner of this company sold 102,000 shares at a rate of $0.82, taking the stock ownership to the 1,537,563 shares. Before that another transaction happened on Sep 13 ’24, when Company’s 10% Owner sold 48,079 for $0.76, making the entire transaction worth $36,540. This insider now owns 1,654,563 shares in total.
New Horizon Aircraft Ltd (HOVR) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 67.11% per share during the next fiscal year.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Trading Performance Indicators
Check out the current performance indicators for New Horizon Aircraft Ltd (HOVR). In the past quarter, the stock posted a quick ratio of 4.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.56 and is forecasted to reach -0.20 in one year’s time.
Technical Analysis of New Horizon Aircraft Ltd (HOVR)
Let’s dig in a bit further. During the last 5-days, its volume was 27.24 million. That was better than the volume of 1.2 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 61.23%. Additionally, its Average True Range was 0.06.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 20.03%, which indicates a significant decrease from 67.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 192.75% in the past 14 days, which was higher than the 184.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4657, while its 200-day Moving Average is $1.1944. However, in the short run, New Horizon Aircraft Ltd’s stock first resistance to watch stands at $0.5515. Second resistance stands at $0.6508. The third major resistance level sits at $0.7515. If the price goes on to break the first support level at $0.3515, it is likely to go to the next support level at $0.2508. Assuming the price breaks the second support level, the third support level stands at $0.1515.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
There are currently 24,574K shares outstanding in the company with a market cap of 11.16 million. Presently, the company’s annual sales total 0 K according to its annual income of -8,160 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -2,910 K.
