As on Wednesday, New Horizon Aircraft Ltd (NASDAQ: HOVR) got off with the flyer as it spiked 29.55% to $2.28, before settling in for the price of $1.76 at the close. Taking a more long-term approach, HOVR posted a 52-week range of $0.24-$2.32.
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Nevertheless, stock’s Earnings Per Share (EPS) this year is 151.44%. This publicly-traded company’s shares outstanding now amounts to $31.23 million, simultaneously with a float of $22.29 million. The organization now has a market capitalization sitting at $71.56 million. At the time of writing, stock’s 50-day Moving Average stood at $0.79, while the 200-day Moving Average is $0.64.
New Horizon Aircraft Ltd (HOVR) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Aerospace & Defense industry. New Horizon Aircraft Ltd’s current insider ownership accounts for 28.96%, in contrast to 18.51% institutional ownership. According to the most recent insider trade that took place on Sep 16 ’24, this organization’s Head of People & Strategy bought 467 shares at the rate of 0.79, making the entire transaction reach 368 in total value, affecting insider ownership by 252,432. Preceding that transaction, on Jul 17 ’24, Company’s Head of People & Strategy bought 613 for 0.60, making the whole transaction’s value amount to 368. This particular insider is now the holder of 251,488 in total.
New Horizon Aircraft Ltd (HOVR) Earnings and Revenue Records
New Horizon Aircraft Ltd’s EPS increase for this current 12-month fiscal period is 151.44% and is forecasted to reach -0.35 in the upcoming year.
New Horizon Aircraft Ltd (NASDAQ: HOVR) Trading Performance Indicators
Let’s observe the current performance indicators for New Horizon Aircraft Ltd (HOVR). It’s Quick Ratio in the last reported quarter now stands at 7.11. The Stock has managed to achieve an average true range (ATR) of 0.26. Alongside those numbers, its PE Ratio stands at $7.94, and its Beta score is 2.13.
In the same vein, HOVR’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.29, a figure that is expected to reach -0.06 in the next quarter, and analysts are predicting that it will be -0.35 at the market close of one year from today.
Technical Analysis of New Horizon Aircraft Ltd (HOVR)
Through scrutinizing the latest numbers posted by the [New Horizon Aircraft Ltd, HOVR], it can be observed that its last 5-days Average volume of 6.6 million was better the volume of 0.93 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 74.86% While, its Average True Range was 0.32.
Raw Stochastic average of New Horizon Aircraft Ltd (HOVR) in the period of the previous 100 days is set at 96.50%, which indicates a major rise in contrast to 95.33% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 193.36% that was higher than 128.35% volatility it exhibited in the past 100-days period.
