New Horizon Aircraft Ltd (NASDAQ: HOVR) on Monday, plunged -19.01% from the previous trading day, before settling in for the closing price of $0.46. Within the past 52 weeks, HOVR’s price has moved between $0.24 and $12.14.
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The company achieved an average annual earnings per share of 67.11%. With a float of $17.12 million, this company’s outstanding shares have now reached $18.61 million.
Let’s determine the extent of company efficiency that accounts for 16 employees. 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Aerospace & Defense industry stocks is more important than anything else. The insider ownership of New Horizon Aircraft Ltd is 30.33%, while institutional ownership is 11.20%. 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) Recent Fiscal highlights
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
New Horizon Aircraft Ltd (HOVR) is currently performing well based on its current performance indicators. A quick ratio of 4.05 was reported for the most recent quarter.
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)
Looking closely at New Horizon Aircraft Ltd (NASDAQ: HOVR), its last 5-days average volume was 3.66 million, which is a jump from its year-to-date volume of 1.26 million. As of the previous 9 days, the stock’s Stochastic %D was 67.74%. Additionally, its Average True Range was 0.07.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 12.70%, which indicates a significant decrease from 42.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 223.57% in the past 14 days, which was higher than the 187.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4248, while its 200-day Moving Average is $1.1644. However, in the short run, New Horizon Aircraft Ltd’s stock first resistance to watch stands at $0.4427. Second resistance stands at $0.5107. The third major resistance level sits at $0.5540. If the price goes on to break the first support level at $0.3314, it is likely to go to the next support level at $0.2881. Now, if the price goes above the second support level, the third support stands at $0.2201.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
Market capitalization of the company is 8.19 million based on 24,574K outstanding shares. Right now, sales total 0 K and income totals -8,160 K. The company made 0 K in profit during its latest quarter, and -2,910 K in sales during its previous quarter.
