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In the latest session, New Horizon Aircraft Ltd (NASDAQ: HOVR) closed at $0.32 down -5.94% from its previous closing price of $0.34. In other words, the price has decreased by -$5.94 from its previous closing price. On the day, 1.16 million shares were traded. HOVR stock price reached its highest trading level at $0.354 during the session, while it also had its lowest trading level at $0.3102.
Ratios:
For a deeper understanding of New Horizon Aircraft Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.05 and its Current Ratio is at 4.05.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 7863744 and an Enterprise Value of 4102759. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.57.
Stock Price History:
Over the past 52 weeks, HOVR has reached a high of $12.14, while it has fallen to a 52-week low of $0.24. The 50-Day Moving Average of the stock is -48.46%, while the 200-Day Moving Average is calculated to be -77.08%.
Shares Statistics:
For the past three months, HOVR has traded an average of 813.15K shares per day and 474190 over the past ten days. A total of 18.61M shares are outstanding, with a floating share count of 13.95M. Insiders hold about 34.82% of the company’s shares, while institutions hold 13.50% stake in the company. Shares short for HOVR as of 1727654400 were 127035 with a Short Ratio of 0.16, compared to 1724976000 on 313724. Therefore, it implies a Short% of Shares Outstanding of 127035 and a Short% of Float of 1.2200001.
