Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. New Horizon Aircraft Ltd’s current trading price is -78.42% away from its 52-week high, while its distance from the 52-week low is 195.79%. The stock’s price range over this period has fluctuated between $0.24 and $3.29. The company, operating within the financial sector, had a trading volume of approximately 0.8 million for the day, which was noticeably lower than the average daily share volume of 4.84 million over the last 3 months.
New Horizon Aircraft Ltd experienced a rather shaky stock market performance. The highest value in the past year was recorded at $3.29 on 03/08/24 and the lowest value was $0.24 on 10/03/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
New Horizon Aircraft Ltd (HOVR) has experienced a quarterly rise of 133.83% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.17M and boasts a workforce of 16 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.6109, with a change in price of -0.2011. Similarly, New Horizon Aircraft Ltd recorded 3,289,795 in trading volume during the last 100 days, posting a change of -22.07%.
HOVR Stock Stochastic Average
Today, New Horizon Aircraft Ltd’s raw stochastic average for the past 50 days stands at 27.77%, indicating a rise from the raw stochastic average of the last 20 days, which was 4.16%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 10.63% and 17.38% respectively.
HOVR Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -37.18% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -5.72%. Over the past 30 days, the price of HOVR has leaped by -2.62%. And in the last five days, it has fallen by -15.49%.
