New Horizon Aircraft (NASDAQ:HOVR) Upgraded to “Strong-Buy” at EF Hutton Acquisition Co. I

New Horizon Aircraft (NASDAQ:HOVR) was upgraded by equities research analysts at EF Hutton Acquisition Co. I to a “strong-buy” rating in a report released on Monday, Zacks.com reports.

New Horizon Aircraft Trading Up 6.3 %

New Horizon Aircraft stock opened at $0.31 on Monday. New Horizon Aircraft has a twelve month low of $0.24 and a twelve month high of $12.14. The company has a 50 day moving average of $0.70 and a 200-day moving average of $1.13.

Insider Buying and Selling

In related news, major shareholder Dustin M. Shindo sold 102,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $0.82, for a total transaction of $83,640.00. Following the completion of the transaction, the insider now owns 1,537,563 shares in the company, valued at approximately $1,260,801.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 133,000 shares of company stock worth $107,300.

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. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically.