On Monday, New Horizon Aircraft Ltd (NASDAQ: HOVR) opened lower -7.51% from the last session, before settling in for the closing price of $0.42. Price fluctuations for HOVR have ranged from $0.24 to $2.60 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 180.39% at the time writing. With a float of $22.20 million, this company’s outstanding shares have now reached $31.23 million.
Let’s look at the performance matrix of the company that is accounted for 16 employees. 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
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 28.92%, while institutional ownership is 16.27%. The most recent insider transaction that took place on Feb 20 ’25, was worth 37,500. In this transaction Former 10% Owner of this company sold 75,000 shares at a rate of $0.50, taking the stock ownership to the 1,394,368 shares. Before that another transaction happened on Feb 26 ’25, when Company’s Former 10% Owner sold 65,500 for $0.49, making the entire transaction worth $32,095. This insider now owns 1,308,793 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 180.39% 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 and is forecasted to reach -0.49 in one year’s time.
Technical Analysis of New Horizon Aircraft Ltd (HOVR)
New Horizon Aircraft Ltd (NASDAQ: HOVR) saw its 5-day average volume 0.32 million, a negative change from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 29.60%. Additionally, its Average True Range was 0.06.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 3.05%, which indicates a significant decrease from 16.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.35% in the past 14 days, which was lower than the 145.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5192, while its 200-day Moving Average is $0.6100. Nevertheless, the first resistance level for the watch stands at $0.4407 in the near term. At $0.4923, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.5377. If the price goes on to break the first support level at $0.3437, it is likely to go to the next support level at $0.2983. Assuming the price breaks the second support level, the third support level stands at $0.2467.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
There are currently 31,231K shares outstanding in the company with a market cap of 12.15 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.
