On Tuesday, New Horizon Aircraft Ltd (NASDAQ: HOVR) opened lower -7.00% from the last session, before settling in for the closing price of $0.76. Price fluctuations for HOVR have ranged from $0.24 to $3.29 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 156.00% at the time writing. With a float of $13.71 million, this company’s outstanding shares have now reached $24.57 million.
The firm has a total of 16 workers. Let’s measure their productivity. 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 Activity
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 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) Earnings and Forecasts
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
Check out the current performance indicators for New Horizon Aircraft Ltd (HOVR). In the past 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)
Analysing the last 5-days average volume posted by the [New Horizon Aircraft Ltd, HOVR], we can find that recorded value of 0.61 million was lower than the volume posted last year of 1.21 million. As of the previous 9 days, the stock’s Stochastic %D was 19.56%. Additionally, its Average True Range was 0.15.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 33.81%, which indicates a significant increase from 7.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.60% in the past 14 days, which was lower than the 189.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7640, while its 200-day Moving Average is $0.8655. Now, the first resistance to watch is $0.7499. This is followed by the second major resistance level at $0.7900. The third major resistance level sits at $0.8299. If the price goes on to break the first support level at $0.6699, it is likely to go to the next support level at $0.6300. Should the price break the second support level, the third support level stands at $0.5899.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
There are currently 31,231K shares outstanding in the company with a market cap of 22.17 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 19,660 K.
