New Horizon Aircraft (NASDAQ:HOVR) Receives “Buy” Rating from D. Boral Capital

New Horizon Aircraft (NASDAQ:HOVR)‘s stock had its “buy” rating reaffirmed by analysts at D. Boral Capital in a report released on Wednesday,Benzinga reports. They currently have a $2.00 price objective on the stock. D. Boral Capital’s price target suggests a potential upside of 96.08% from the company’s current price.

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

New Horizon Aircraft Stock Performance

Shares of NASDAQ:HOVR traded down $0.09 on Wednesday, reaching $1.02. 2,687,330 shares of the company’s stock were exchanged, compared to its average volume of 2,237,745. New Horizon Aircraft has a twelve month low of $0.24 and a twelve month high of $8.88. The company has a fifty day moving average of $0.65 and a 200-day moving average of $0.62.

New Horizon Aircraft (NASDAQ:HOVR) last posted its quarterly earnings data on Thursday, October 10th. The company reported ($0.11) EPS for the quarter.

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.