Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of New Horizon Aircraft Ltd (NASDAQ: HOVR) was $1.15 for the day, up 5.50% from the previous closing price of $1.09. In other words, the price has increased by $5.50 from its previous closing price. On the day, 2.63 million shares were traded. HOVR stock price reached its highest trading level at $1.2 during the session, while it also had its lowest trading level at $1.01.
Ratios:
Our analysis of HOVR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.05 and its Current Ratio is at 4.05.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 28260330 and an Enterprise Value of 24499384. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.04.
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 94.96%, while the 200-Day Moving Average is calculated to be 17.08%.
Shares Statistics:
HOVR traded an average of 4.61M shares per day over the past three months and 5813830 shares per day over the past ten days. A total of 21.52M shares are outstanding, with a floating share count of 15.32M. Insiders hold about 37.64% of the company’s shares, while institutions hold 6.28% stake in the company. Shares short for HOVR as of 1734048000 were 774907 with a Short Ratio of 0.17, compared to 1731628800 on 840799. Therefore, it implies a Short% of Shares Outstanding of 774907 and a Short% of Float of 4.9000002.
