New Horizon Aircraft Ltd (NASDAQ: HOVR) kicked off on Friday, up 3.89% from the previous trading day, before settling in for the closing price of $0.90. Over the past 52 weeks, HOVR has traded in a range of $0.24-$1.63.
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While this was happening, its average annual earnings per share was recorded 151.44%. With a float of $22.23 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 21.63%, operating margin of -26471.05%, and the pretax margin is 25154.46%.
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 29.18%, while institutional ownership is 18.51%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 151.44% 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 7.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.29, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.35 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 0.68 million, a positive change from its year-to-date volume of 0.62 million. As of the previous 9 days, the stock’s Stochastic %D was 32.90%. Additionally, its Average True Range was 0.12.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 72.22%, which indicates a significant increase from 58.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 164.47% in the past 14 days, which was higher than the 107.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6124, while its 200-day Moving Average is $0.6162. Nevertheless, the first resistance level for the watch stands at $0.9727 in the near term. At $1.0105, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.0710. If the price goes on to break the first support level at $0.8744, it is likely to go to the next support level at $0.8139. The third support level lies at $0.7761 if the price breaches the second support level.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
The company with the Market Capitalisation of 29.35 million has total of 31,385K 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 -4,940 K.
