Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -93.53%.However, over the last six months, we can see a stronger performance of -70.44%. Over the last 30 days, the price of HOVR has leaped by -27.30%. And in the last five days, it has surged by 9.44%.
New Horizon Aircraft Ltd experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $12.14 on 01/04/24, while the lowest price for the same period was registered at $0.46 on 07/09/24.
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52-week price history of HOVR Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. New Horizon Aircraft Ltd’s current trading price is -95.57% away from its 52-week high, while its distance from the 52-week low is 18.24%. The stock’s price range during this period has varied between$0.46 and $12.14. The New Horizon Aircraft Ltd’s shares, which operate in the Industrials, saw a trading volume of around 0.25 million for the day, a figure considerably lower than their average daily volume of 0.94 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
New Horizon Aircraft Ltd (HOVR) has experienced a quarterly decline of -77.58% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.01M and boasts a workforce of 10 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.5817, with a change in price of -0.7120. Similarly, New Horizon Aircraft Ltd recorded 663,877 in trading volume during the last 100 days, posting a change of -56.96%.
HOVR Stock Stochastic Average
New Horizon Aircraft Ltd’s raw stochastic average for the past 50 days is presently 4.55%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 23.91%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 34.63% and 38.91%, respectively.
