New Horizon Aircraft (NASDAQ:HOVR – Get Free Report) issued its earnings results on Tuesday. The company reported $0.80 earnings per share (EPS) for the quarter, Zacks reports.
New Horizon Aircraft Stock Performance
NASDAQ:HOVR traded up $0.01 during trading hours on Tuesday, reaching $0.87. 257,192 shares of the company were exchanged, compared to its average volume of 1,736,916. The stock’s 50-day moving average is $0.71 and its 200-day moving average is $0.63. New Horizon Aircraft has a twelve month low of $0.24 and a twelve month high of $4.03.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on HOVR. D. Boral Capital reiterated a “buy” rating and issued a $2.00 target price on shares of New Horizon Aircraft in a research note on Wednesday, January 8th. EF Hutton Acquisition Co. I raised New Horizon Aircraft to a “strong-buy” rating in a report on Monday, October 7th.
About New Horizon Aircraft
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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