New Horizon Aircraft’s (HOVR) Buy Rating Reaffirmed at D. Boral Capital

D. Boral Capital reissued their buy rating on shares of New Horizon Aircraft (NASDAQ:HOVR) in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a $2.00 target price on the stock.

Separately, EF Hutton Acquisition Co. I upgraded New Horizon Aircraft to a “strong-buy” rating in a report on Monday, October 7th.

New Horizon Aircraft Price Performance

Shares of NASDAQ HOVR opened at $1.02 on Wednesday. New Horizon Aircraft has a twelve month low of $0.24 and a twelve month high of $8.88. The company’s fifty day moving average is $0.67 and its 200-day moving average is $0.63.

New Horizon Aircraft (NASDAQ:HOVR) last posted its earnings results on Thursday, October 10th. The company reported ($0.11) earnings per share for the quarter.

New Horizon Aircraft Company Profile

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.