New Horizon Aircraft Ltd (NASDAQ:HOVR) shares, rose in value on Wednesday, July 09, with the stock price up by 8.84% to the previous day’s close as strong demand from buyers drove the stock to $1.6.
Actively observing the price movement in the last trading, the stock closed the session at $1.47, falling within a range of $1.45 and $1.65. The value of beta (5-year monthly) was 2.175 whereas the PE ratio was 5.57 over 12-month period. Referring to stock’s 52-week performance, its high was $2.52, and the low was $0.24. On the whole, HOVR has fluctuated by 71.12% over the past month.
With the market capitalization of New Horizon Aircraft Ltd currently standing at about $59.86 million, investors are eagerly awaiting this quarter’s results, scheduled for in August.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HOVR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.46, with the price of HOVR currently trading nearly -5.21% and 43.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.35, while the 7-day volatility ratio is showing 10.02% which for the 30-day chart, stands at 21.55%. Furthermore, New Horizon Aircraft Ltd (HOVR)’s beta value is 2.69.
A comparison of New Horizon Aircraft Ltd (HOVR) with its peers suggests the former has fared considerably weaker in the market. HOVR showed an intraday change of 8.84% in last session, and over the past year, it grew by 41.59%%.
Data on historical trading for New Horizon Aircraft Ltd (NASDAQ:HOVR) indicates that the trading volumes over the past 10 days have averaged 1.56 and over the past 3 months, they’ve averaged 1.67 million. According to company’s latest data on outstanding shares, there are 31.23 million shares outstanding.
Nearly 36.87% of New Horizon Aircraft Ltd’s shares belong to company insiders and institutional investors own 15.53% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.23 million shares as on 2025-06-13, resulting in a short ratio of 0.09. According to the data, the short interest in New Horizon Aircraft Ltd (HOVR) stood at 112.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 31466.0. The stock has risen by 210.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HOVR stock heading into the next quarter.
