On Friday, New Horizon Aircraft Ltd (NASDAQ: HOVR) was 5.50% up from the session before settling in for the closing price of $1.09. A 52-week range for HOVR has been $0.24 – $12.14.
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When this article was written, the company’s average yearly earnings per share was at 71.49%. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward New Horizon Aircraft Ltd stocks. 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
According to the Wall Street analysts, stocks earnings will be around 71.49% per share during the next fiscal year.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Trading Performance Indicators
You can see what New Horizon Aircraft Ltd (HOVR) is doing with its current performance indicators. In the most recent 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 -0.17 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 4.11 million. That was better than the volume of 2.1 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 52.16%. Additionally, its Average True Range was 0.22.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 65.47%, which indicates a significant increase from 54.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 242.57% in the past 14 days, which was higher than the 196.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5899, while its 200-day Moving Average is $0.9823. However, in the short run, New Horizon Aircraft Ltd’s stock first resistance to watch stands at $1.2300. Second resistance stands at $1.3100. The third major resistance level sits at $1.4200. If the price goes on to break the first support level at $1.0400, it is likely to go to the next support level at $0.9300. The third support level lies at $0.8500 if the price breaches the second support level.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
There are 24,574K outstanding shares of the company, which has a market capitalization of 29.82 million. As of now, sales total 0 K while income totals -8,160 K. Its latest quarter income was 0 K while its last quarter net income were -2,910 K.
