New Horizon Aircraft Ltd [NASDAQ: HOVR] slipped around -0.15 points on Monday, while shares priced at $1.27 at the close of the session, down -10.56%.
Compared to the average trading volume of 4.50M shares, HOVR reached a trading volume of 5894480 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about 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.
How has HOVR stock performed recently?
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 106.50. With this latest performance, HOVR shares gained by 161.86% in over the last four-week period, additionally plugging by 144.28% over the last 6 months – not to mention a drop of -87.35% 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 71.69, with the RSI for the last a single of trading hit 73.46, and the three-weeks RSI is set at 69.63 for New Horizon Aircraft Ltd [HOVR]. The present Moving Average for the last 50 days of trading for this stock 0.5435, while it was recorded at 1.0638 for the last single week of trading, and 1.0087 for the last 200 days.
New Horizon Aircraft Ltd [HOVR]: Deeper insight into the 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.
