On Tuesday, New Horizon Aircraft Ltd (NASDAQ: HOVR) was -6.29% drop from the session before settling in for the closing price of $0.90. A 52-week range for HOVR has been $0.24 – $3.29.
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When this article was written, the company’s average yearly earnings per share was at 156.00%. With a float of $13.71 million, this company’s outstanding shares have now reached $24.57 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 -21006.76%, and the pretax margin is 24290.18%.
New Horizon Aircraft Ltd (HOVR) Insider Updates
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 44.21%, while institutional ownership is 20.02%. The most recent insider transaction that took place on Jan 17 ’25, was worth 276,494. Before that another transaction happened on Sep 18 ’24, when Company’s 10% Owner sold 102,000 for $0.82, making the entire transaction worth $83,640. This insider now owns 1,537,563 shares in total.
New Horizon Aircraft Ltd (HOVR) Performance Highlights and Predictions
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 156.00% 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 2.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.07, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach -0.34 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 0.79 million. That was inferior than the volume of 1.47 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 26.95%. 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 43.17%, which indicates a significant increase from 12.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.41% in the past 14 days, which was lower than the 189.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7207, while its 200-day Moving Average is $0.9042. However, in the short run, New Horizon Aircraft Ltd’s stock first resistance to watch stands at $0.9066. Second resistance stands at $0.9731. The third major resistance level sits at $1.0264. If the price goes on to break the first support level at $0.7868, it is likely to go to the next support level at $0.7335. Assuming the price breaks the second support level, the third support level stands at $0.6670.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
There are 24,574K outstanding shares of the company, which has a market capitalization of 26.23 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.
