Wall Street Zen upgraded shares of New Horizon Aircraft (NASDAQ:HOVR - Free Report) to a sell rating in a research report released on Saturday.
Separately, D. Boral Capital reiterated a "buy" rating and set a $2.00 target price on shares of New Horizon Aircraft in a research report on Friday, May 16th.
Read Our Latest Report on HOVR
New Horizon Aircraft Stock Up 36.5%
NASDAQ HOVR traded up $0.50 on Friday, hitting $1.87. 18,693,802 shares of the stock were exchanged, compared to its average volume of 1,745,886. The stock has a fifty day moving average price of $0.70 and a two-hundred day moving average price of $0.69. New Horizon Aircraft has a 52-week low of $0.24 and a 52-week high of $2.32.
New Horizon Aircraft (NASDAQ:HOVR - Get Free Report) last released its earnings results on Monday, April 14th. The company reported ($0.17) earnings per share for the quarter.
Institutional Trading of New Horizon Aircraft
A hedge fund recently bought a new stake in New Horizon Aircraft stock. Virtu Financial LLC bought a new position in shares of New Horizon Aircraft Ltd. (NASDAQ:HOVR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,761 shares of the company's stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.13% of New Horizon Aircraft at the end of the most recent quarter. Hedge funds and other institutional investors own 65.97% of the company's stock.
About New Horizon Aircraft
(
Get Free Report)
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter.
Further Reading
Before you consider New Horizon Aircraft, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New Horizon Aircraft wasn't on the list.
While New Horizon Aircraft currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
