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New Horizon Aircraft Ltd (HOVR) Stock Could Soon Reward Patient Investors

New Horizon Aircraft Ltd (NASDAQ: HOVR) is -87.98% lower on its value in year-to-date trading and has touched a low of $0.66 and a high of $12.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HOVR stock was last observed hovering at around $0.72 in the last trading session, with the day’s gains setting it 0.28%.

Currently trading at $1.00, the stock is -13.86% and -45.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 40.17 million and changing 38.89% at the moment leaves the stock -83.52% off its SMA200. HOVR registered -90.33% loss for a year compared to 6-month loss of -90.54%.

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The stock witnessed a -53.70% gain in the last 1 month and extending the period to 3 months gives it a -62.41%, and is 25.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.37% over the week and 20.56% over the month.

New Horizon Aircraft Ltd (HOVR) has around 10 employees, a market worth around $18.22M and $0.00M in sales. Current P/E ratio is 1.77. Distance from 52-week low is 50.40% and -91.77% from its 52-week high.


New Horizon Aircraft Ltd (HOVR) Top Institutional Holders

The shares outstanding are 12.17M, and float is at 8.12M with Short Float at 0.12%.

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