New Horizon Aircraft Ltd [HOVR] stock is trading at $1.87, up 36.50%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HOVR shares have gain 100.00% over the last week, with a monthly amount glided 302.15%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
New Horizon Aircraft Ltd [HOVR] stock has fluctuated between $0.24 and $1.63 over the past year. New Horizon Aircraft Ltd [NASDAQ: HOVR] shares were valued at $1.87 at the most recent close of the market.
Analyzing the HOVR fundamentals
Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -264.71%, Pretax Profit Margin comes in at 251.54%, and Net Profit Margin reading is 251.54%. To continue investigating profitability, this company’s Return on Assets is posted at 1.02, Equity is -1.38 and Total Capital is -1.25. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.3667 points at the first support level, and at 0.8633 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.3467, and for the 2nd resistance point, it is at 2.8233.
Ratios To Look Out For
For context, New Horizon Aircraft Ltd’s Current Ratio is 7.11. Also, the Quick Ratio is 7.11, while the Cash Ratio stands at 6.49.
Transactions by insiders
Recent insider trading involved Lee Stewart Murray, Head of People & Strategy, that happened on Sep 16 ’24 when 467.0 shares were purchased. Head of People & Strategy, Lee Stewart Murray completed a deal on Jul 17 ’24 to buy 613.0 shares. Meanwhile, Head of People & Strategy Lee Stewart Murray bought 477.0 shares on Aug 15 ’24.
