Taking the lead: New Horizon Aircraft Ltd (HOVR)

With 40.17 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.11 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $1.31 whereas the lowest price it dropped to was $0.892. The 52-week range on HOVR shows that it touched its highest point at $12.14 and its lowest point at $0.66 during that stretch. Beta for the stock currently stands at -0.33.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HOVR was up-trending over the past week, with a rise of 25.02%, but this was down by -53.70% over a month. Three-month performance dropped to -62.41% while six-month performance fell -90.54%. The stock lost -90.33% in the past year, while it has lost -87.98% so far this year.

Float and Shares Shorts:

At present, 12.17 million HOVR shares are outstanding with a float of 8.12 million shares on hand for trading. On 2024-05-15, short shares totaled 9955.0, which was 5.0 higher than short shares on 1713139200. In addition to Mr. E. Brandon Robinson as the firm’s Chairman & CEO, Mr. Jason O’Neill serves as its COO & Director.

Institutional Ownership:

Through their ownership of 0.09003 of HOVR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-02-29, HOVR reported revenue of $0.0 and operating income of -$1259000.0. The EBITDA in the recently reported quarter was -$1265000.0 and diluted EPS was -$0.45.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HOVR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.