On Friday, New Horizon Aircraft Ltd (NASDAQ: HOVR) opened higher 36.50% from the last session, before settling in for the closing price of $1.37. Price fluctuations for HOVR have ranged from $0.24 to $1.63 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 151.44% at the time writing. With a float of $22.29 million, this company’s outstanding shares have now reached $31.23 million.
The firm has a total of 16 workers. Let’s measure their productivity. 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 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 29.18%, while institutional ownership is 18.51%. The most recent insider transaction that took place on Sep 16 ’24, was worth 368. In this transaction Head of People & Strategy of this company bought 467 shares at a rate of $0.79, taking the stock ownership to the 252,432 shares. Before that another transaction happened on Jul 17 ’24, when Company’s Head of People & Strategy bought 613 for $0.60, making the entire transaction worth $368. This insider now owns 251,488 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 151.44% 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 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)
Analysing the last 5-days average volume posted by the [New Horizon Aircraft Ltd, HOVR], we can find that recorded value of 5.84 million was better than the volume posted last year of 0.85 million. As of the previous 9 days, the stock’s Stochastic %D was 78.45%. Additionally, its Average True Range was 0.20.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 77.16%, which indicates a significant increase from 69.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 178.12% in the past 14 days, which was higher than the 122.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6962, while its 200-day Moving Average is $0.6260. Now, the first resistance to watch is $2.3467. This is followed by the second major resistance level at $2.8233. The third major resistance level sits at $3.3267. If the price goes on to break the first support level at $1.3667, it is likely to go to the next support level at $0.8633. Should the price break the second support level, the third support level stands at $0.3867.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
There are currently 31,385K shares outstanding in the company with a market cap of 58.69 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 -4,940 K.
