On Monday, New Horizon Aircraft Ltd (NASDAQ: HOVR) was -9.46%% drop from the session before settling in for the closing price of $2.22. A 52-week range for HOVR has been $0.24 – $2.52.
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When this article was written, the company’s average yearly earnings per share was at 151.44%. With a float of $22.29 million, this company’s outstanding shares have now reached $31.23 million.
Considering the fact that the conglomerate employs 16 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
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 28.96%, 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) Recent Fiscal highlights
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
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 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)
Compared to the last year’s volume of 1.02 million, its volume of 4.76 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 80.78%.
During the past 100 days, New Horizon Aircraft Ltd’s (HOVR) raw stochastic average was set at 76.50%, which indicates a significant increase from 69.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 200.39% in the past 14 days, which was higher than the 128.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.85, while its 200-day Moving Average is $0.65. Nevertheless, the first resistance level for the watch stands at $2.32 in the near term. At $2.62, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.86. If the price goes on to break the first support level at $1.78, it is likely to go to the next support level at $1.54. Now, if the price goes above the second support level, the third support stands at $1.24.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Key Stats
There are 31,385K outstanding shares of the company, which has a market capitalization of 63.09 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 -4,940 K.
