New Horizon Aircraft Ltd (NASDAQ:HOVR) does about 1.71M shares in volume on a normal day but saw 1128847 shares change hands in the recent trading day. The company now has a market cap of 58.37M USD. Its current market price is $1.56, marking a decrease of -1.89% compared to the previous close of $1.59. The 52 week high reached by this stock is $2.52 whilst the lowest price level in 52 weeks is $0.24.
New Horizon Aircraft Ltd (HOVR) has a 20-day trading average at $1.7130 and the current price is -38.10% off the 52-week high compared with 550.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1959 and its 200-day simple moving average is $0.7178. If we look at the stock’s price movements over the week, volatility stands at 11.77%, which increases to 19.96% 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 52.66 to suggest the stock is neutral.
The consensus objective for the share price is $1.86, suggesting that the stock has a potential upside of 16.13% over the period.
The current price level is -8.93%, 30.45%, and 117.34% 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 6.12% over the week and 13.87% over the past month. Its price is 145.98% year-to-date and 38.05% over the past year.
To reach the target analysts have set, the stock logically needs to grow 16.13 percent from here.
Outstanding shares total 31.23M with insiders holding 36.66% of the shares and institutional holders owning 0.34% of the company’s common stock. The company has a return on investment of 153.48%. The price to earnings ratio (P/E ratio) amounts to 5.43. The beta has a value of 2.66. Price to book ratio is 95.76.
