In the past week, HOVR stock has gone up by 5.00%, with a monthly decline of -40.21% and a quarterly plunge of -56.10%. The volatility ratio for the week is 14.23%, and the volatility levels for the last 30 days are 19.32% for New Horizon Aircraft Ltd The simple moving average for the past 20 days is -3.58% for HOVR’s stock, with a -76.46% simple moving average for the past 200 days.
Is It Worth Investing in New Horizon Aircraft Ltd (NASDAQ: HOVR) Right Now?
New Horizon Aircraft Ltd (NASDAQ: HOVR) has a price-to-earnings ratio of 0.60x that is above its average ratio. Additionally, the 36-month beta value for HOVR is -0.52. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HOVR is 13.95M and currently, short sellers hold a 0.91% ratio of that float. The average trading volume of HOVR on October 23, 2024 was 818.22K shares.
HOVR) stock’s latest price update
New Horizon Aircraft Ltd (NASDAQ: HOVR)’s stock price has gone decline by -6.41 in comparison to its previous close of 0.36, however, the company has experienced a 5.00% increase in its stock price over the last five trading days. newsfilecorp.com reported 2024-10-16 that Toronto, Ontario–(Newsfile Corp. – October 16, 2024) – New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that it will participate in the LD Micro Main Event XVII Investor Conference, being held on October 28-30, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.
HOVR Trading at -46.13% from the 50-Day Moving Average
After a stumble in the market that brought HOVR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.20% of loss for the given period.
Volatility was left at 19.32%, however, over the last 30 days, the volatility rate increased by 14.23%, as shares sank -39.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.75% lower at present.
During the last 5 trading sessions, HOVR rose by +5.00%, which changed the moving average for the period of 200-days by -96.66% in comparison to the 20-day moving average, which settled at $0.3528. In addition, New Horizon Aircraft Ltd saw -95.91% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HOVR starting from Shindo Dustin M, who sale 102,000 shares at the price of $0.82 back on Sep 18 ’24. After this action, Shindo Dustin M now owns 1,537,563 shares of New Horizon Aircraft Ltd, valued at $83,640 using the latest closing price.
Shindo Dustin M, the 10% Owner of New Horizon Aircraft Ltd, sale 48,079 shares at $0.76 during a trade that took place back on Sep 13 ’24, which means that Shindo Dustin M is holding 1,654,563 shares at $36,540 based on the most recent closing price.
Stock Fundamentals for HOVR
Current profitability levels for the company are sitting at:
- -147.06 for the present operating margin
- -0.28 for the gross margin
The net margin for New Horizon Aircraft Ltd stands at -28.96. The total capital return value is set at -1.3. Equity return is now at value 14.98, with 14.06 for asset returns.
Based on New Horizon Aircraft Ltd (HOVR), the company’s capital structure generated -0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -80.83. The debt to equity ratio resting at -0.0. The interest coverage ratio of the stock is -1544.16.
Currently, EBITDA for the company is -7.83 million with net debt to EBITDA at 0.62. When we switch over and look at the enterprise to sales, we see a ratio of 109.5. The receivables turnover for the company is 0.71for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.05.
Conclusion
In conclusion, New Horizon Aircraft Ltd (HOVR) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
