New Horizon Aircraft (NASDAQ:HOVR – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.80 EPS for the quarter, Zacks reports.
New Horizon Aircraft Trading Up 2.9 %
HOVR traded up $0.03 during trading on Tuesday, reaching $0.89. The company’s stock had a trading volume of 267,589 shares, compared to its average volume of 1,738,684. The firm has a fifty day simple moving average of $0.71 and a two-hundred day simple moving average of $0.63. New Horizon Aircraft has a 1 year low of $0.24 and a 1 year high of $4.03.
Wall Street Analysts Forecast Growth
HOVR has been the subject of several recent research reports. EF Hutton Acquisition Co. I raised New Horizon Aircraft to a “strong-buy” rating in a research note on Monday, October 7th. D. Boral Capital reaffirmed a “buy” rating and set a $2.00 target price on shares of New Horizon Aircraft in a report on Wednesday, January 8th.
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.
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