New Horizon Aircraft Ltd (NASDAQ:HOVR) does about 1.22M shares in volume on a normal day but saw 1075229 shares change hands in the recent trading day. The company now has a market cap of 16.75M USD. Its current market price is $0.90, marking an increase of 9.74% compared to the previous close of $0.82. The 52 week high reached by this stock is $12.14 whilst the lowest price level in 52 weeks is $0.46.
New Horizon Aircraft Ltd (HOVR) has a 20-day trading average at $0.7109 and the current price is -92.59% off the 52-week high compared with 97.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6664 and its 200-day simple moving average is $3.5923. If we look at the stock’s price movements over the week, volatility stands at 23.67%, which increases to 24.83% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.33 to suggest the stock is neutral.
The current price level is 28.95%, 35.79%, and -75.28% away from its SMA20, SMA50, and SMA200 respectively, with the HOVR price moving below the 50-day SMA on current market day. New Horizon Aircraft Ltd (HOVR) stock is up 5.88% over the week and 67.29% over the past month. Its price is -89.18% year-to-date and -91.42% over the past year.
Outstanding shares total 18.61M with insiders holding 64.03% of the shares and institutional holders owning 4.16% of the company’s common stock. The company has a return on equity of 14.98%. The price to earnings ratio (P/E ratio) amounts to 1.60. The beta has a value of -0.65.
