New Horizon Aircraft Ltd (NASDAQ:HOVR) currently has a daily average trading volume of 4.66M but it saw 2687200 shares traded in last market. With a market cap of 25.07M USD, the company’s current market price of $1.02 came falling about -8.11 while comparing to the previous closing price of $1.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.10 and as low as $0.24. In the recent trading on the day, stock has struck highest price mark of $0.73 while lowest mark touched by it was $1.05.
Taking a look at 20-day trading activity of New Horizon Aircraft Ltd (HOVR) gives us an average price of $0.8816, while its current price level is -89.90% below from 52-week high level whereas it is 325.00% 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 $0.6370 while that of 200 days or SMA-200 reads an average of $0.9565. A closer look into the stock’s movement over the week reveals that its volatility is standing at 23.29% during that period while stretching the period over a month that increases to 27.85%. 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 56.80 which implies that the stock is in neutral territory.
Over the week, HOVR’s stock price is moving -9.73% down while it is 40.61% when we observe its performance for the past one month. Year-to-date it is -9.73% down and over the past year, the stock is showing a downside performance of -89.90%.
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 -0.24.
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 1.81. Stock’s beta reads 0.90. Its return on asset (ROA) is 14.06% on average.
