New Horizon Aircraft Ltd (NASDAQ:HOVR) does about 3.94M shares in volume on a normal day but saw 9778418 shares change hands in the recent trading day. The company now has a market cap of 18.43M USD. Its current market price is $0.75, marking an increase of 21.95% compared to the previous close of $0.62. 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 $0.6525 and the current price is -93.82% off the 52-week high compared with 212.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4781 and its 200-day simple moving average is $1.0387. If we look at the stock’s price movements over the week, volatility stands at 15.19%, which increases to 21.20% 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 61.42 to suggest the stock is neutral.
The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 62.5% over the period.
The current price level is 14.95%, 56.88%, and -27.80% 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 10.29% over the week and 61.29% over the past month. Its price is -90.99% year-to-date and -92.95% 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 62.5 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 1.33. The beta has a value of 2.17.
