New Horizon Aircraft Ltd (NASDAQ:HOVR) currently has a daily average trading volume of 783.09K but it saw 1646124 shares traded in last market. With a market cap of 5.57M USD, the company’s current market price of $0.26 came falling about -4.06 while comparing to the previous closing price of $0.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.14 and as low as $0.24. In the recent trading on the day, stock has struck highest price mark of $0.241 while lowest mark touched by it was $0.3138.
Taking a look at 20-day trading activity of New Horizon Aircraft Ltd (HOVR) gives us an average price of $0.6096, while its current price level is -97.86% below from 52-week high level whereas it is 8.33% 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 $0.7244 while that of 200 days or SMA-200 reads an average of $2.0675. A closer look into the stock’s movement over the week reveals that its volatility is standing at 31.32% during that period while stretching the period over a month that decreases to 24.46%. 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 24.77 which implies that the stock is in oversold territory.
Over the week, HOVR’s stock price is moving -48.31% down while it is -71.11% when we observe its performance for the past one month. Year-to-date it is -96.88% down and over the past year, the stock is showing a downside performance of -97.54%.
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 0.46. Stock’s beta reads -0.11. Its return on asset (ROA) is 14.06% on average.
