New Horizon Aircraft Ltd (NASDAQ:HOVR) currently has a daily average trading volume of 651.59K but it saw 1275971 shares traded in last market. With a market cap of 15.86M USD, the company’s current market price of $0.74 came falling about -7.38 while comparing to the previous closing price of $0.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.14 and as low as $0.46. In the recent trading on the day, stock has struck highest price mark of $0.7407 while lowest mark touched by it was $0.8799.
Taking a look at 20-day trading activity of New Horizon Aircraft Ltd (HOVR) gives us an average price of $0.8796, while its current price level is -93.90% below from 52-week high level whereas it is 62.86% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.7520 while that of 200 days or SMA-200 reads an average of $2.6232. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.54% during that period while stretching the period over a month that increases to 16.67%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.74 which implies that the stock is in neutral territory.
Over the week, HOVR’s stock price is moving 4.22% up while it is -9.65% when we observe its performance for the past one month. Year-to-date it is -91.09% down and over the past year, the stock is showing a downside performance of -92.98%.
Currently, New Horizon Aircraft Ltd’s total number of outstanding shares is 18.61M. Company’s return on equity (ROE) at 14.98%. It has a price to earnings ratio (P/E ratio) of 1.31. Stock’s beta reads -0.39. Its return on asset (ROA) is 14.06% on average.
