New Horizon Aircraft Ltd (NASDAQ:HOVR) price closed higher on Tuesday, May 20, and jumping 33.33% above its previous close.
A look at the daily price movement shows that the last close reads $0.69, with intraday deals fluctuated between $0.65 and $0.96. The company’s 5Y monthly beta was ticking 0.753 while its P/E ratio in the trailing 12-month period read 3.20. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.67 and 52-week low of $0.24. The stock added 89.69% on its value in the past month.
New Horizon Aircraft Ltd, which has a market valuation of $28.88 million, is expected to release its quarterly earnings report in June.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give HOVR a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.31. The overview shows that HOVR’s price is at present 68.95% off the SMA20 and 79.72% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 83.56, with weekly volatility standing at 25.58%. The indicator jumps to 11.85% when calculated based on the past 30 days. New Horizon Aircraft Ltd (NASDAQ:HOVR)’s beta value is holding at 1.26, while the average true range (ATR) indicator is currently reading 0.08.
An analysis of the New Horizon Aircraft Ltd (NASDAQ:HOVR) stock in terms of its daily trading volume indicates that the 3-month average is 350.76K. However, this figure increases on the past 10-day timeline to an average of 1.38 million.
Current records show that the company has 31.23M in outstanding shares. The insiders’ percentage holdings are 29.18% of outstanding shares while the percentage share held by institutions stands at 18.51%. The stats also highlight that short interest as of 2025-04-30, stood at 0.15 million shares, which puts the short ratio at the time at 0.68. From this we can glean that short interest is 74.00 of company’s current outstanding shares. Notably, we see that shares short in April fall slightly given the previous month’s figure stood at 0.34 million. But the -18.58% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
