New Horizon Aircraft Ltd (NASDAQ:HOVR) does about 3.47M shares in volume on a normal day but saw 13232233 shares change hands in the recent trading day. The company now has a market cap of 18.70M USD. Its current market price is $0.76, marking an increase of 12.73% compared to the previous close of $0.67. The 52 week high reached by this stock is $12.14 whilst the lowest price level in 52 weeks is $0.24.
New Horizon Aircraft Ltd (HOVR) has a 20-day trading average at $0.4534 and the current price is -93.74% off the 52-week high compared with 217.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3929 and its 200-day simple moving average is $1.1117. If we look at the stock’s price movements over the week, volatility stands at 27.56%, which decreases to 22.46% 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 74.68 to suggest the stock is overbought.
The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 62.0% over the period.
The current price level is 67.78%, 93.66%, and -31.56% 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 60.07% over the week and 170.84% over the past month. Its price is -90.86% year-to-date and -92.81% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and -0.25 for whole year.
To reach the target analysts have set, the stock logically needs to grow 62.0 percent from here.
Outstanding shares total 21.52M with insiders holding 29.56% of the shares and institutional holders owning 0.38% 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 1.35. The beta has a value of 2.18.
