Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
New Horizon Aircraft Ltd (NASDAQ: HOVR) closed the day trading at $0.86 down -0.35% from the previous closing price of $0.86. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 0.55 million shares were traded. HOVR stock price reached its highest trading level at $0.95 during the session, while it also had its lowest trading level at $0.8.
Ratios:
For a better understanding of HOVR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.05 and its Current Ratio is at 4.05.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 18 ’24 when Shindo Dustin M sold 102,000 shares for $0.82 per share. The transaction valued at 83,640 led to the insider holds 1,537,563 shares of the business.
Shindo Dustin M sold 48,079 shares of HOVR for $36,540 on Sep 13 ’24. The 10% Owner now owns 1,654,563 shares after completing the transaction at $0.76 per share. On Sep 12 ’24, another insider, Shindo Dustin M, who serves as the 10% Owner of the company, sold 21,000 shares for $0.76 each. As a result, the insider received 15,960 and left with 1,702,642 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 21084664 and an Enterprise Value of 17323704. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.52.
Stock Price History:
The Beta on a monthly basis for HOVR is 1.10, which has changed by -0.63670886 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, HOVR has reached a high of $4.03, while it has fallen to a 52-week low of $0.24. The 50-Day Moving Average of the stock is 27.38%, while the 200-Day Moving Average is calculated to be -8.06%.
Shares Statistics:
Over the past 3-months, HOVR traded about 4.74M shares per day on average, while over the past 10 days, HOVR traded about 2996840 shares per day. A total of 21.52M shares are outstanding, with a floating share count of 13.71M. Insiders hold about 44.21% of the company’s shares, while institutions hold 20.07% stake in the company. Shares short for HOVR as of 1735603200 were 902292 with a Short Ratio of 0.19, compared to 1732838400 on 685738. Therefore, it implies a Short% of Shares Outstanding of 902292 and a Short% of Float of 5.71.
