New Horizon Aircraft (NASDAQ:HOVR) Upgraded by Wall Street Zen to Sell Rating

Wall Street Zen upgraded shares of New Horizon Aircraft (NASDAQ:HOVR) to a sell rating in a research report sent to investors on Saturday.

Separately, D. Boral Capital restated a “buy” rating and set a $2.00 target price on shares of New Horizon Aircraft in a research report on Friday, May 16th.

New Horizon Aircraft Price Performance

HOVR opened at $1.87 on Friday. New Horizon Aircraft has a 12 month low of $0.24 and a 12 month high of $2.32. The business has a 50 day simple moving average of $0.70 and a 200-day simple moving average of $0.69.

New Horizon Aircraft (NASDAQ:HOVR) last issued its earnings results on Monday, April 14th. The company reported ($0.17) EPS for the quarter.

Institutional Trading of New Horizon Aircraft

A hedge fund recently bought a new stake in New Horizon Aircraft stock. Virtu Financial LLC purchased a new position in shares of New Horizon Aircraft Ltd. (NASDAQ:HOVR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 41,761 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.13% of New Horizon Aircraft as of its most recent SEC filing. 65.97% of the stock is owned by hedge funds and other institutional investors.

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.