Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The metric has seen a significant loss of -91.89% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -15.11%. Over the past 30 days, the price of HOVR has fallen by 134.26%. And in the last five days, it has surged by 45.14%.
The stock market performance of New Horizon Aircraft Ltd has been fairly unsteady. Over the last year, the company’s stock hit its highest at $12.14 on 01/04/24, while the lowest price during the same time frame was $0.24, recorded on 10/03/24.
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52-week price history of HOVR Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. New Horizon Aircraft Ltd’s current trading price is -94.44% away from its 52-week high, while its distance from the 52-week low is 181.21%. The stock’s price range over this timeframe has been between $0.24 and $12.14. The shares of the Industrials sector company recorded a trading volume of approximately 20.42 million for the day, which was comparatively higher than the average daily volume of 3.47 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
New Horizon Aircraft Ltd (HOVR) has experienced a quarterly decline of -32.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 23.09M and boasts a workforce of 16 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5707, with a change in price of +0.1459. Similarly, New Horizon Aircraft Ltd recorded 2,514,923 in trading volume during the last 100 days, posting a change of +27.58%.
HOVR Stock Stochastic Average
The raw stochastic average for New Horizon Aircraft Ltd over the last 50 days is presently at 79.07%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 78.79%. Further, the company’s Stochastic %K and %D values for the last 20 days were 72.51% and 74.75%, respectively.
