Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. New Horizon Aircraft Ltd’s current trading price is -94.57% away from its 52-week high, while its distance from the 52-week low is 174.67%. The stock’s price range during this period has varied between $0.24 and $12.14. The company, active in the Industrials sector, saw a trading volume of around 1.98 million for the day, considerably lower average daily volume of 3.83 million observed over the last three months.
New Horizon Aircraft Ltd had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $12.14 on 01/04/24, while the lowest price during the same period was $0.24 on 10/03/24.
How Financial Performance Impacts Market Capitalization
New Horizon Aircraft Ltd (HOVR) has experienced a quarterly decline of -13.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 16.80M and boasts a workforce of 16 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5803, with a change in price of +0.0604. Similarly, New Horizon Aircraft Ltd recorded 2,718,899 in trading volume during the last 100 days, posting a change of +10.09%.
HOVR Stock Stochastic Average
As of today, the raw stochastic average of New Horizon Aircraft Ltd over the last 50 days is at 64.49%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 57.26%. Further, the company’s Stochastic %K and %D values for the last 20 days were 66.87% and 74.88%, respectively.
HOVR Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a loss of -92.08%.However, over the last six months, we can see a stronger performance of -34.08%. Over the last 30 days, the price of HOVR has fallen by 128.10%. And in the last five days, it has fallen by -13.35%.
