New Horizon Aircraft Ltd [NASDAQ: HOVR] stock went on an upward path that rose over 18.02% on Thursday, amounting to a one-week price increase of more than 17.34%.
Over the last 12 months, HOVR stock rose by 79.65%. The one-year New Horizon Aircraft Ltd stock forecast points to a potential upside of 5.14. The average equity rating for HOVR stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $79.59 million, with 32.33 million shares outstanding and 29.79 million shares in the current float. Compared to the average trading volume of 1.22M shares, HOVR stock reached a trading volume of 4772282 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 $2.14 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 17.34. With this latest performance, HOVR shares gained by 27.67% in over the last four-week period, additionally plugging by 266.10% over the last 6 months – not to mention a rise of 79.65% in the past year of trading.
New Horizon Aircraft Ltd (HOVR) Capital Structure & Debt Analysis
New Horizon Aircraft Ltd (HOVR) Efficiency & Liquidity Metrics
Based on New Horizon Aircraft Ltd’s (HOVR) latest financial statements, the Debt-to-Equity Ratio is 0.01%, indicating its reliance on debt financing relative to shareholder equity.
New Horizon Aircraft Ltd (HOVR) Efficiency & Liquidity Metrics
From an operational efficiency perspective, New Horizon Aircraft Ltd. (HOVR) effectively leverages its workforce, generating an average of $133666.67 per employee. The company’s liquidity position is robust, with a Current Ratio of 6.16% and a Quick Ratio of 6.16%, indicating strong ability to cover short-term liabilities.
HOVR Stock EPS
With the latest financial reports released by the company, New Horizon Aircraft Ltd posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.23. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HOVR.
New Horizon Aircraft Ltd [HOVR] Institutonal Ownership Details
There are presently around $3.90%, or 6.73%% of HOVR stock, in the hands of institutional investors.
