New Horizon Aircraft Ltd (NASDAQ: HOVR) is -18.58% lower on its value in year-to-date trading and has touched a low of $0.24 and a high of $1.67 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 $0.69 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $0.92, the stock is 68.95% and 79.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.06 million and changing 33.33% at the moment leaves the stock 53.37% off its SMA200. HOVR registered -40.65% loss for a year compared to 6-month loss of 76.92%.
The stock witnessed a 89.69% gain in the last 1 month and extending the period to 3 months gives it a 77.61%, and is 100.74% 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 25.58% over the week and 11.85% over the month.
New Horizon Aircraft Ltd (HOVR) has around 16 employees, a market worth around $28.88M and $0.00M in sales. Current P/E ratio is 3.20. Distance from 52-week low is 283.33% and -44.85% from its 52-week high. The company has generated returns on investments over the last 12 months (153.48%).
The EPS is expected to grow by 148.87% this year.
New Horizon Aircraft Ltd (HOVR) Top Institutional Holders
The shares outstanding are 31.23M, and float is at 22.23M with Short Float at 0.68%.
New Horizon Aircraft Ltd (HOVR) Insider Activity
The most recent transaction is an insider sale by Shindo Dustin M, the company’s Former 10% Owner. SEC filings show that Shindo Dustin M sold 75,000 shares of the company’s common stock on Feb 20 ’25 at a price of $0.50 per share for a total of $37500.0. Following the sale, the insider now owns 1.39 million shares.
New Horizon Aircraft Ltd disclosed in a document filed with the SEC on Feb 26 ’25 that Shindo Dustin M (Former 10% Owner) sold a total of 65,500 shares of the company’s common stock. The trade occurred on Feb 26 ’25 and was made at $0.49 per share for $32095.0. Following the transaction, the insider now directly holds 1.31 million shares of the HOVR stock.
Still, SEC filings show that on Feb 19 ’25, Shindo Dustin M (Former 10% Owner) disposed off 34,000 shares at an average price of $0.52 for $17680.0. The insider now directly holds 1,469,368 shares of New Horizon Aircraft Ltd (HOVR).
