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 -88.31% away from its 52-week high, while its distance from the 52-week low is 491.67%. 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 7.09 million for the day, considerably higher average daily volume of 4.39 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.
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How Financial Performance Impacts Market Capitalization
New Horizon Aircraft Ltd (HOVR) has experienced a quarterly rise of 184.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 43.09M 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 0.5903, with a change in price of +0.8000. Similarly, New Horizon Aircraft Ltd recorded 3,055,361 in trading volume during the last 100 days, posting a change of +129.03%.
HOVR Stock Stochastic Average
As of today, the raw stochastic average of New Horizon Aircraft Ltd over the last 50 days is at 90.02%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 87.44%. Further, the company’s Stochastic %K and %D values for the last 20 days were 72.60% and 66.96%, respectively.
HOVR Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -82.93%. However, over the past six months, we’ve seen a weaker performance of 155.86%. The price of HOVR fallen by 172.03% over the last 30 days. And in the last five days, it has surged by 144.11%.
