New Horizon Aircraft Ltd (NASDAQ: HOVR) is -93.81% lower on its value in year-to-date trading and has touched a low of $0.24 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 $0.45 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $0.51, the stock is 58.93% and 12.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.96 million and changing 13.86% at the moment leaves the stock -56.65% off its SMA200. HOVR registered -95.15% loss for a year compared to 6-month loss of -69.71%. The firm has a 50-day simple moving average (SMA 50) of $0.46566 and a 200-day simple moving average (SMA200) of $1.19441.
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The stock witnessed a 71.67% gain in the last 1 month and extending the period to 3 months gives it a -29.64%, and is 88.51% 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 29.52% over the week and 16.14% over the month.
New Horizon Aircraft Ltd (HOVR) has around 16 employees, a market worth around $12.65M and $0.00M in sales. Current P/E ratio is 0.91. Distance from 52-week low is 114.58% and -95.76% from its 52-week high.
The EPS is expected to grow by 67.11% this year.
New Horizon Aircraft Ltd (HOVR) Top Institutional Holders
The shares outstanding are 18.61M, and float is at 13.95M with Short Float at 0.81%.
New Horizon Aircraft Ltd (HOVR) Insider Activity
The most recent transaction is an insider sale by Shindo Dustin M, the company’s 10% Owner. SEC filings show that Shindo Dustin M sold 102,000 shares of the company’s common stock on Sep 18 ’24 at a price of $0.82 per share for a total of $83640.0. Following the sale, the insider now owns 1.54 million shares.
New Horizon Aircraft Ltd disclosed in a document filed with the SEC on Sep 13 ’24 that Shindo Dustin M (10% Owner) sold a total of 48,079 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $0.76 per share for $36540.0. Following the transaction, the insider now directly holds 1.65 million shares of the HOVR stock.
Still, SEC filings show that on Sep 12 ’24, Shindo Dustin M (10% Owner) disposed off 21,000 shares at an average price of $0.76 for $15960.0. The insider now directly holds 1,702,642 shares of New Horizon Aircraft Ltd (HOVR).
