Assessing Whether New Horizon Aircraft Ltd (NASDAQ: HOVR) Is Over- Or Undervalued

New Horizon Aircraft Ltd (HOVR) concluded trading on Thursday at a closing price of $0.59, with 4.31 million shares of worth about $2.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.22% during that period and on May 15, 2025 the price saw a gain of about 26.67%. Currently the company’s common shares owned by public are about 31.23M shares, out of which, 22.23M shares are available for trading.

Stock saw a price change of 17.56% in past 5 days and over the past one month there was a price change of 38.36%. Year-to-date (YTD), HOVR shares are showing a performance of -47.88% which decreased to -70.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.24 but also hit the highest price of $2.03 during that period. The average intraday trading volume for New Horizon Aircraft Ltd shares is 241.95K. The stock is currently trading 17.64% above its 20-day simple moving average (SMA20), while that difference is up 18.78% for SMA50 and it goes to -1.64% lower than SMA200.

New Horizon Aircraft Ltd (NASDAQ: HOVR) currently have 31.23M outstanding shares and institutions hold larger chunk of about 15.81% of that.

The stock has a current market capitalization of $18.48M and its 3Y-monthly beta is at 0.62. PE ratio of stock for trailing 12 months is 2.05, while it has posted earnings per share of $0.29 in the same period. Its PEG reads 0.15 and has Quick Ratio of 7.11 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HOVR, volatility over the week remained 11.74% while standing at 9.80% over the month.

Stock’s fiscal year EPS is expected to rise by 93.69% while it is estimated to decrease by -271.52% in next year.

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