New Horizon Aircraft Ltd [NASDAQ: HOVR] stock went on an upward path that rose over 21.95% on Monday, amounting to a one-week price increase of more than 10.29%.
Over the last 12 months, HOVR stock dropped by -92.95%. The one-year New Horizon Aircraft Ltd stock forecast points to a potential upside of 62.5. The average equity rating for HOVR stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $19.48 million, with 21.52 million shares outstanding and 17.12 million shares in the current float. Compared to the average trading volume of 3.94M shares, HOVR stock reached a trading volume of 9778418 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on New Horizon Aircraft Ltd [HOVR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HOVR shares is $2.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HOVR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
HOVR Stock Performance Analysis:
New Horizon Aircraft Ltd [HOVR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.29. With this latest performance, HOVR shares gained by 61.29% in over the last four-week period, additionally plugging by 32.16% over the last 6 months – not to mention a drop of -92.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HOVR stock in for the last two-week period is set at 61.42, with the RSI for the last a single of trading hit 63.38, and the three-weeks RSI is set at 59.80 for New Horizon Aircraft Ltd [HOVR]. The present Moving Average for the last 50 days of trading for this stock 0.4781, while it was recorded at 0.6406 for the last single week of trading, and 1.0387 for the last 200 days.
Insight into New Horizon Aircraft Ltd Fundamentals:
New Horizon Aircraft Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.05 and a Current Ratio set at 4.05.
