With 52.94% From The Low, Is New Horizon Aircraft Ltd (NASDAQ:HOVR) Up For More Gains?

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In recent trading session, New Horizon Aircraft Ltd (NASDAQ:HOVR) saw 1.75 million shares changing hands at last check today with its beta currently measuring 0.62. Company’s recent per share price level of $0.51 trading at $0.04 or 9.63% at last check today assigns it a market valuation of $16.00M. That most recent trading price of HOVR’s stock is at a discount of -298.04% from its 52-week high price of $2.03 and is indicating a premium of 52.94% from its 52-week low price of $0.24. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.26 million shares which gives us an average trading volume of 241.95K if we extend that period to 3-months.

New Horizon Aircraft Ltd (NASDAQ:HOVR) trade information

Upright in the green today for gaining 9.63%, in the last five days HOVR remained trading in the green while hitting it’s week-highest on Thursday, 05/15/25 when the stock touched $0.51 price level, adding 10.53% to its value on the day. New Horizon Aircraft Ltd’s shares saw a change of -54.89% in year-to-date performance and have moved 1.76% in past 5-day. New Horizon Aircraft Ltd (NASDAQ:HOVR) showed a performance of 19.76% in past 30-days. Number of shares sold short was 0.15 million shares which calculate 0.68 days to cover the short interests.

In 2025, company’s earnings growth rate is likely to be around 93.69% while estimates for its earnings growth in next 5 years are of 13.59%.

New Horizon Aircraft Ltd (NASDAQ:HOVR)’s Major holders

Insiders are in possession of 37.27% of company’s total shares while institution are holding 0.45 percent of that, with stock having share float percentage of 0.72%. Investors also watch the number of corporate investors in a company very closely, which is 0.45% institutions for New Horizon Aircraft Ltd that are currently holding shares of the company.

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