Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $0.46 in the prior trading day, New Horizon Aircraft Ltd (NASDAQ: HOVR) closed at $0.37, down -19.01%. In other words, the price has decreased by -$19.01 from its previous closing price. On the day, 1.59 million shares were traded. HOVR stock price reached its highest trading level at $0.44 during the session, while it also had its lowest trading level at $0.3562.
Ratios:
Our goal is to gain a better understanding of HOVR by taking a closer 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 9205495 and an Enterprise Value of 7604589. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.66.
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 -11.82%, while the 200-Day Moving Average is calculated to be -67.83%.
Shares Statistics:
The stock has traded on average 2.96M shares per day over the past 3-months and 15313690 shares per day over the last 10 days, according to various share statistics. A total of 18.61M shares are outstanding, with a floating share count of 17.12M. Insiders hold about 30.33% of the company’s shares, while institutions hold 11.20% stake in the company. Shares short for HOVR as of 1730332800 were 112923 with a Short Ratio of 0.04, compared to 1727654400 on 127035. Therefore, it implies a Short% of Shares Outstanding of 112923 and a Short% of Float of 0.83.
