New Horizon Aircraft Ltd (NASDAQ:HOVR) traded at $2.28 at close of the session on Friday, June 20 and made an upward move of 2.22% on its previous day’s price.
Looking at the stock we see that its previous close was $1.83 and the beta (5Y monthly) reads 2.175 with the day’s price range being $2.01 – $2.52. The company has a trailing 12-month PE ratio of 7.73. In terms of its 52-week price range, HOVR has a high of $2.35 and a low of $0.24. The company’s stock has gained about 141.30% over that past 30 days.
New Horizon Aircraft Ltd has a market cap of $69.68 million and is expected to release its quarterly earnings report in July.
On the other hand, looking at the outlook for the HOVR stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note that the PEG ratio for the HOVR stock currently stands at 0.60, and the current price level is 16 off its SMA20 and 0.00 from its 50-day simple moving average.
Coming back to New Horizon Aircraft Ltd (NASDAQ:HOVR), we note that the average 3-month trading volume was 8.07, while that of the preceding 10-day period stands at 5.09 million. Current shares outstanding are 31.23 million.
The insiders hold 28.96% of the company’s shares while institutions hold 18.51%. The data shows that short shares as of 2025-05-30, stood at 0.36 million at a short ratio of 0.32. This represents a 179.00 short interest in shares outstanding on 2025-05-30. Shares short rose in May from the previous month at 0.15 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 186.45% up in year-to-date price movement.
