New Horizon Aircraft Ltd (NASDAQ: HOVR) kicked off on Friday, up 23.48% from the previous trading day, before settling in for the closing price of $1.15. 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 $15.32 million, this company’s outstanding shares have now reached $21.52 million.
In an organization with 16 employees, it is important to assess its efficiency. 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
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 37.64%, 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
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
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)
Let’s dig in a bit further. During the last 5-days, its volume was 8.91 million. That was better than the volume of 1.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 69.68%. Additionally, its Average True Range was 0.19.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 90.08%, which indicates a significant increase from 87.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 237.82% in the past 14 days, which was higher than the 195.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5249, while its 200-day Moving Average is $1.0167. However, in the short run, New Horizon Aircraft Ltd’s stock first resistance to watch stands at $1.6433. Second resistance stands at $1.8667. The third major resistance level sits at $2.1833. If the price goes on to break the first support level at $1.1033, it is likely to go to the next support level at $0.7867. The third support level lies at $0.5633 if the price breaches the second support level.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
The company with the Market Capitalisation of 43.09 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.
