On Friday, New Horizon Aircraft Ltd (NASDAQ: HOVR) opened higher 5.72% from the last session, before settling in for the closing price of $0.58. 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.
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 and Institutional Ownership
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) Latest Financial update
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)
The latest stats from [New Horizon Aircraft Ltd, HOVR] show that its last 5-days average volume of 2.91 million was superior to 1.46 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 35.81%. Additionally, its Average True Range was 0.11.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 35.38%, which indicates a significant increase from 27.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 119.03% in the past 14 days, which was lower than the 180.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4693, while its 200-day Moving Average is $1.0492. Now, the first resistance to watch is $0.6362. This is followed by the second major resistance level at $0.6573. The third major resistance level sits at $0.6898. If the price goes on to break the first support level at $0.5826, it is likely to go to the next support level at $0.5501. The third support level lies at $0.5290 if the price breaches the second support level.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
There are currently 24,574K shares outstanding in the company with a market cap of 15.97 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.
