New Horizon Aircraft Ltd (HOVR) volume exceeds 1.98 million: A new investment opportunity for investors

New Horizon Aircraft Ltd (NASDAQ: HOVR) kicked off on Monday, down -9.13% from the previous trading day, before settling in for the closing price of $0.73. Over the past 52 weeks, HOVR has traded in a range of $0.24-$12.14.

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While this was happening, its average annual earnings per share was recorded 67.11%. With a float of $17.12 million, this company’s outstanding shares have now reached $21.52 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

Our next focus will be how large-scale investors are participating in this stock of the Aerospace & Defense Industry. 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) 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

Take a look at New Horizon Aircraft Ltd’s (HOVR) current performance indicators. Last quarter, stock had 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 2.42 million was superior to 1.43 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 55.90%. Additionally, its Average True Range was 0.12.

During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 39.55%, which indicates a significant decrease from 54.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 180.73% in the past 14 days, which was lower than the 187.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.4137, while its 200-day Moving Average is $1.0879. Now, the first resistance to watch is $0.7376. This is followed by the second major resistance level at $0.8161. The third major resistance level sits at $0.9121. If the price goes on to break the first support level at $0.5631, it is likely to go to the next support level at $0.4671. Assuming the price breaks the second support level, the third support level stands at $0.3886.

New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats

The company with the Market Capitalisation of 16.80 million has total of 24,574K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -8,160 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -2,910 K.