On Monday, New Horizon Aircraft Ltd (NASDAQ: HOVR) opened higher 12.73% from the last session, before settling in for the closing price of $0.67. 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 $17.12 million, this company’s outstanding shares have now reached $21.52 million.
Considering the fact that the conglomerate employs 16 people, you should pay attention to its efficiency factor. 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
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 30.33%, while institutional ownership is 6.28%. 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
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
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)
Compared to the last year’s volume of 1.41 million, its volume of 7.99 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 67.75%. Additionally, its Average True Range was 0.10.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 49.13%, which indicates a significant decrease from 75.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 202.63% in the past 14 days, which was higher than the 193.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3929, while its 200-day Moving Average is $1.1117. Nevertheless, the first resistance level for the watch stands at $0.8672 in the near term. At $0.9736, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.0572. If the price goes on to break the first support level at $0.6772, it is likely to go to the next support level at $0.5936. Now, if the price goes above the second support level, the third support stands at $0.4872.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
There are currently 24,574K shares outstanding in the company with a market cap of 18.70 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.
