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As of close of business last night, New Horizon Aircraft Ltd’s stock clocked out at $0.29, up 6.25% from its previous closing price of $0.27. In other words, the price has increased by $6.25 from its previous closing price. On the day, 4.34 million shares were traded. HOVR stock price reached its highest trading level at $0.3199 during the session, while it also had its lowest trading level at $0.2474.
Ratios:
To gain a deeper understanding of HOVR’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 7101944 and an Enterprise Value of 3340957. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.51.
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 -40.98%, while the 200-Day Moving Average is calculated to be -76.10%.
Shares Statistics:
It appears that HOVR traded 632.50K shares on average per day over the past three months and 252960 shares per day 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 1728950400 were 122581 with a Short Ratio of 0.19, compared to 1726185600 on 335831. Therefore, it implies a Short% of Shares Outstanding of 122581 and a Short% of Float of 0.8999999999999999.
