New Horizon Aircraft’s (HOVR) “Buy” Rating Reiterated at D. Boral Capital

New Horizon Aircraft (NASDAQ:HOVR)‘s stock had its “buy” rating restated by D. Boral Capital in a report released on Wednesday,Benzinga reports. They presently have a $2.00 price target on the stock. D. Boral Capital’s price objective would suggest a potential upside of 132.56% from the company’s previous close.

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

New Horizon Aircraft Price Performance

NASDAQ HOVR opened at $0.86 on Wednesday. The business has a fifty day simple moving average of $0.72 and a 200 day simple moving average of $0.64. New Horizon Aircraft has a 12 month low of $0.24 and a 12 month high of $4.03.

New Horizon Aircraft (NASDAQ:HOVR) last announced its quarterly earnings data on Tuesday, January 14th. The company reported $0.80 earnings per share (EPS) for the quarter.

Institutional Trading of New Horizon Aircraft

An institutional investor recently bought a new position in New Horizon Aircraft stock. Capital Investment Advisors LLC acquired a new position in shares of New Horizon Aircraft Ltd. (NASDAQ:HOVR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,807 shares of the company’s stock, valued at approximately $29,000. Capital Investment Advisors LLC owned approximately 0.11% of New Horizon Aircraft at the end of the most recent quarter. Institutional investors own 65.97% of the company’s stock.

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.