On Monday, New Horizon Aircraft Ltd (NASDAQ: HOVR) was 7.28% up from the session before settling in for the closing price of $0.48. A 52-week range for HOVR has been $0.24 – $12.14.
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When this article was written, the company’s average yearly earnings per share was at 67.11%. With a float of $17.12 million, this company’s outstanding shares have now reached $18.61 million.
The extent of productivity of a business whose workforce counts for 16 workers is very important to gauge. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward New Horizon Aircraft Ltd stocks. The insider ownership of New Horizon Aircraft Ltd is 30.33%, while institutional ownership is 11.09%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
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
You can see what New Horizon Aircraft Ltd (HOVR) is doing with its current performance indicators. In the most recent 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)
The latest stats from [New Horizon Aircraft Ltd, HOVR] show that its last 5-days average volume of 1.63 million was superior to 1.27 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 66.11%. Additionally, its Average True Range was 0.08.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 25.47%, which indicates a significant decrease from 86.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 228.49% in the past 14 days, which was higher than the 188.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3972, while its 200-day Moving Average is $1.1349. Now, the first resistance to watch is $0.5433. This is followed by the second major resistance level at $0.5767. The third major resistance level sits at $0.6333. If the price goes on to break the first support level at $0.4533, it is likely to go to the next support level at $0.3967. Assuming the price breaks the second support level, the third support level stands at $0.3633.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
There are 24,574K outstanding shares of the company, which has a market capitalization of 12.53 million. As of now, sales total 0 K while income totals -8,160 K. Its latest quarter income was 0 K while its last quarter net income were -2,910 K.
