Why New Horizon Aircraft Ltd (NASDAQ: HOVR) Stock Shouldn’t Be Ignored In 2024

In today’s recent session, 1.46 million shares of the New Horizon Aircraft Ltd (NASDAQ:HOVR) have been traded, and its beta is 2.13. Most recently the company’s share price was $0.67, and it changed around -$0.06 or -7.35% from the last close, which brings the market valuation of the company to $17.13M. HOVR at last check was trading at a discount to its 52-week high of $12.14, offering almost -1711.94% off that amount. The share price’s 52-week low was $0.24, which indicates that the recent value has risen by an impressive 64.18% since then. We note from New Horizon Aircraft Ltd’s average daily trading volume that its 10-day average is 5.22 million shares, with the 3-month average coming to 3.83 million.

New Horizon Aircraft Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended HOVR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. New Horizon Aircraft Ltd is expected to report earnings per share of 0 for the current quarter.

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New Horizon Aircraft Ltd (NASDAQ:HOVR) trade information

Instantly HOVR has been showing red trend so far today with a performance of -7.35% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.8781 on recent trading dayincreased the stock’s daily price by 23.7%. The company’s shares are currently down -91.92% year-to-date, but still down -11.66% over the last five days. On the other hand, New Horizon Aircraft Ltd (NASDAQ:HOVR) is 132.56% up in the 30-day period. We can see from the shorts that 0.84 million shares have been sold at a short interest cover period of 0.13 day(s).