Is New Horizon Aircraft Ltd’s (NASDAQ: HOVR) Stock Ready For A Price Spike?

In today’s recent session, 0.63 million shares of the New Horizon Aircraft Ltd (NASDAQ:HOVR) have been traded, and its beta is -0.39. Most recently the company’s share price was $0.83, and it changed around $0.03 or 4.36% from the last close, which brings the market valuation of the company to $17.88M. HOVR at last check was trading at a discount to its 52-week high of $12.14, offering almost -1362.65% off that amount. The share price’s 52-week low was $0.46, which indicates that the recent value has risen by an impressive 44.58% since then. We note from New Horizon Aircraft Ltd’s average daily trading volume that its 10-day average is 0.89 million shares, with the 3-month average coming to 651.59K.

New Horizon Aircraft Ltd (NASDAQ:HOVR) trade information

Instantly HOVR has been showing a green trend so far today with a performance of 4.36% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.8799 on recent trading dayincreased the stock’s daily price by 5.67%. The company’s shares are currently down -89.97% year-to-date, but still up 17.43% over the last five days. On the other hand, New Horizon Aircraft Ltd (NASDAQ:HOVR) is 1.80% up in the 30-day period. We can see from the shorts that 0.31 million shares have been sold at a short interest cover period of 0.96 day(s).

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