New Horizon Aircraft Ltd (HOVR): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Aerospace & Defense industry segment, falling under the Industrials sector. The current market capitalization of New Horizon Aircraft Ltd is $12.65M. A total of 9.96 million shares were traded on the day, compared to an average of 2.71M shares.

In the most recent transaction, Shindo Dustin M sold 102,000 shares of HOVR for 0.82 per share on Sep 18 ’24. After the transaction, the 10% Owner now owns 1,537,563 company shares. In a previous transaction on Sep 13 ’24, Shindo Dustin M sold 48,079 shares at 0.76 per share. HOVR shares that 10% Owner owns now total 1,654,563.

Among the insiders who sold shares, Shindo Dustin M disposed of 21,000 shares on Sep 12 ’24 at a per-share price of $0.76. This resulted in the 10% Owner holding 1,702,642 shares of HOVR after the transaction. In another insider transaction, Shindo Dustin M sold 10,000 shares at $0.77 per share on Sep 16 ’24. Company shares held by the 10% Owner now total 1,644,563.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, HOVR has a high of $12.14 and a low of $0.24.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HOVR’s latest balance sheet shows that the firm has $4.32k in Cash & Short Term Investments as of fiscal 2022. There were $2.25M in debt and $334.46k in liabilities at the time. Its Book Value Per Share was -$0.76, while its Total Shareholder’s Equity was -$1.28M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HOVR is Buy with a score of 5.00.

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