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

D. Boral Capital restated their buy rating on shares of New Horizon Aircraft (NASDAQ:HOVR) in a research note released on Wednesday morning,Benzinga reports. The firm currently has a $2.00 price objective on the stock.

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

New Horizon Aircraft Trading Down 4.0 %

NASDAQ HOVR opened at $0.82 on Wednesday. New Horizon Aircraft has a twelve month low of $0.24 and a twelve month high of $4.03. The stock has a fifty day simple moving average of $0.73 and a 200-day simple moving average of $0.64.

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

Hedge Funds Weigh In On New Horizon Aircraft

A hedge fund recently bought a new stake in New Horizon Aircraft stock. Capital Investment Advisors LLC bought a new position in shares of New Horizon Aircraft Ltd. (NASDAQ:HOVR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 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.