For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of New Horizon Aircraft Ltd (NASDAQ: HOVR) closed at $0.57 in the last session, down -7.89% from day before closing price of $0.62. In other words, the price has decreased by -$7.89 from its previous closing price. On the day, 0.57 million shares were traded. HOVR stock price reached its highest trading level at $0.639 during the session, while it also had its lowest trading level at $0.5507.
Ratios:
We take a closer look at HOVR’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.76 and its Current Ratio is at 2.76.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 17 ’25 when Shindo Dustin M bought 312,300 shares for $0.89 per share.
Shindo Dustin M sold 102,000 shares of HOVR for $83,640 on Sep 18 ’24. The 10% Owner now owns 1,537,563 shares after completing the transaction at $0.82 per share. On Sep 13 ’24, another insider, Shindo Dustin M, who serves as the 10% Owner of the company, sold 48,079 shares for $0.76 each. As a result, the insider received 36,540 and left with 1,654,563 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HOVR now has a Market Capitalization of 17801612 and an Enterprise Value of 17323704. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.19.
Stock Price History:
The Beta on a monthly basis for HOVR is 0.77, which has changed by -0.6462857 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. Over the past 52 weeks, HOVR has reached a high of $3.29, while it has fallen to a 52-week low of $0.24. The 50-Day Moving Average of the stock is -28.25%, while the 200-Day Moving Average is calculated to be -26.97%.
Shares Statistics:
According to the various share statistics, HOVR traded on average about 4.64M shares per day over the past 3-months and 468150 shares per day over the past 10 days. A total of 24.57M shares are outstanding, with a floating share count of 13.73M. Insiders hold about 44.12% of the company’s shares, while institutions hold 20.02% stake in the company. Shares short for HOVR as of 1735603200 were 902292 with a Short Ratio of 0.13, compared to 1732838400 on 685738. Therefore, it implies a Short% of Shares Outstanding of 902292 and a Short% of Float of 5.71.
