New Horizon Aircraft Ltd (NASDAQ:HOVR) currently has a daily average trading volume of 4.57M but it saw 1530513 shares traded in last market. With a market cap of 26.79M USD, the company’s current market price of $1.09 came falling about -3.54 while comparing to the previous closing price of $1.13. 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 $1.02 while lowest mark touched by it was $1.18.
Taking a look at 20-day trading activity of New Horizon Aircraft Ltd (HOVR) gives us an average price of $0.8038, while its current price level is -91.02% below from 52-week high level whereas it is 354.17% 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 $0.5737 while that of 200 days or SMA-200 reads an average of $0.9904. A closer look into the stock’s movement over the week reveals that its volatility is standing at 51.50% during that period while stretching the period over a month that decreases to 27.34%. 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 62.30 which implies that the stock is in neutral territory.
Over the week, HOVR’s stock price is moving 49.52% up while it is 43.27% when we observe its performance for the past one month. Year-to-date it is -3.54% down and over the past year, the stock is showing a downside performance of -85.49%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is -0.23.
Currently, New Horizon Aircraft Ltd’s total number of outstanding shares is 21.52M. Company’s return on equity (ROE) at 14.98%. It has a price to earnings ratio (P/E ratio) of 1.93. Stock’s beta reads 0.88. Its return on asset (ROA) is 14.06% on average.
