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A Deep Dive into New Horizon Aircraft Ltd (HOVR) Stock Performance

New Horizon Aircraft Ltd’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $12.14 on 01/04/24, and the lowest price during the same period was recorded at $0.46 on 07/09/24.

52-week price history of HOVR Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. New Horizon Aircraft Ltd’s current trading price is -94.78% away from its 52-week high, while its distance from the 52-week low is 39.38%. The stock’s price range during this period has fluctuated between $0.46 and $12.14. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 1.23 million for the day, which was evidently higher than the average daily volume of 0.83 million over the last three months.

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Financial Performance and Market Capitalization

New Horizon Aircraft Ltd (HOVR) has experienced a quarterly decline of -74.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 11.80M and boasts a workforce of 10 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.6514, with a change in price of -1.1657. Similarly, New Horizon Aircraft Ltd recorded 604,468 in trading volume during the last 100 days, posting a change of -64.76%.

HOVR Stock Stochastic Average

The raw stochastic average for New Horizon Aircraft Ltd over the last 50 days is presently at 9.12%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 32.88%. Further, the company’s Stochastic %K and %D values for the last 20 days were 15.17% and 8.07%, respectively.

HOVR Stock Price Performance Analysis

The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. The index has shown a price loss of -92.38% this year. Over the last six months, there has been a stronger performance of -92.01%. The price of HOVR leaped by -36.58% during the last 30 days period. For the last 5-days stocks have improved 20.80%.

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