New Horizon Aircraft (NASDAQ:HOVR – Get Free Report) released its earnings results on Tuesday. The company reported $0.80 earnings per share for the quarter, Zacks reports.
New Horizon Aircraft Stock Performance
HOVR stock opened at $0.82 on Thursday. The business has a 50 day moving average price of $0.73 and a 200 day moving average price of $0.64. New Horizon Aircraft has a fifty-two week low of $0.24 and a fifty-two week high of $4.03.
Analyst Ratings Changes
Several research firms have commented on HOVR. EF Hutton Acquisition Co. I upgraded shares of New Horizon Aircraft to a “strong-buy” rating in a report on Monday, October 7th. D. Boral Capital reiterated a “buy” rating and set a $2.00 target price on shares of New Horizon Aircraft in a research note on Wednesday.
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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