New Horizon Aircraft Ltd (NASDAQ:HOVR) concluded the trading at $0.59 on current market day with a rise of 26.67% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.47 and 5Y monthly beta was reading 0.753 with its price kept floating in the range of $0.45 and $0.61 on the day. Company’s P/E ratio for the trailing 12 months is 2.05. Considering stock’s 52-week price range provides that HOVR hit a high price of $2.03 and saw its price falling to a low level of $0.24 during that period. Over a period of past 1-month, stock came adding 38.36% in its value.
With its current market valuation of $18.48 million, New Horizon Aircraft Ltd is set to declare its quarterly results in June. Analysts are in estimates of -0.05 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0.34 for current year with estimates of that growing to -0.38 in next year.
In contrast, when we review HOVR stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of Hold for it.
Digging deeper we become aware of the PEG ratio of the HOVR stock which is currently positioned at 0.15. It further provides that stock’s current price level is 17.64% away from its 20-day simple moving average and is 18.78% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 64.39 while volatility remained at 11.74% over the past week which changes to 9.80% when measuring it over the past month. Beta is valued at 0.62, while measure of average true range or ATR is currently at 0.05.
Having a second look at New Horizon Aircraft Ltd (NASDAQ:HOVR) provides that stock’s average daily trading volume for 3 months was 241.95K, while it jumped to 681870 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 31.23 million.
The percentage of outstanding shares held by the insiders is 29.18% while it is 15.81% for the institutional holders. The figures also indicate that as of 2025-04-30, number of stock’s short shares was 0.15 million which implies a short ratio of 0.68. This shows down a 74.00 of Short Interest in company’s outstanding shares on the day. In April the standing of shares short improved as it was 0.34 million in the previous month. Subtraction of -47.88% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
