As on Thursday, New Horizon Aircraft Ltd (NASDAQ: HOVR) started slowly as it slid -12.54% to $0.70, before settling in for the price of $0.80 at the close. Taking a more long-term approach, HOVR posted a 52-week range of $0.24-$12.14.
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The Industrials sector firm’s twelve-monthly sales growth has been 0.00% for the last half of the decade. Nevertheless, stock’s Earnings Per Share (EPS) this year is 67.11%. This publicly-traded company’s shares outstanding now amounts to $21.52 million, simultaneously with a float of $17.12 million. The organization now has a market capitalization sitting at $17.20 million. At the time of writing, stock’s 50-day Moving Average stood at $0.4061, while the 200-day Moving Average is $1.0967.
New Horizon Aircraft Ltd (HOVR) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Aerospace & Defense industry. New Horizon Aircraft Ltd’s current insider ownership accounts for 30.33%, in contrast to 6.28% institutional ownership. According to the most recent insider trade that took place on Sep 18 ’24, this organization’s 10% Owner sold 102,000 shares at the rate of 0.82, making the entire transaction reach 83,640 in total value, affecting insider ownership by 1,537,563. Preceding that transaction, on Sep 13 ’24, Company’s 10% Owner sold 48,079 for 0.76, making the whole transaction’s value amount to 36,540. This particular insider is now the holder of 1,654,563 in total.
New Horizon Aircraft Ltd (HOVR) Earnings and Revenue Records
New Horizon Aircraft Ltd’s EPS increase for this current 12-month fiscal period is 67.11% and is forecasted to reach -0.20 in the upcoming year.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Trading Performance Indicators
Let’s observe the current performance indicators for New Horizon Aircraft Ltd (HOVR). It’s Quick Ratio in the last reported quarter now stands at 4.05. The Stock has managed to achieve an average true range (ATR) of 0.12. Alongside those numbers, its PE Ratio stands at $1.24, and its Beta score is 2.08.
In the same vein, HOVR’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.56, and analysts are predicting that it will be -0.20 at the market close of one year from today.
Technical Analysis of New Horizon Aircraft Ltd (HOVR)
Through scrutinizing the latest numbers posted by the [New Horizon Aircraft Ltd, HOVR], it can be observed that its last 5-days Average volume of 8.51 million was better the volume of 1.43 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 73.84% While, its Average True Range was 0.1344.
Raw Stochastic average of New Horizon Aircraft Ltd (HOVR) in the period of the previous 100 days is set at 43.37%, which indicates a major fall in contrast to 64.35% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 211.42% that was higher than 187.61% volatility it exhibited in the past 100-days period.
