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

D. Boral Capital restated their buy rating on shares of New Horizon Aircraft (NASDAQ:HOVR) in a research report report published on Monday morning,Benzinga reports. They currently have a $2.00 target price on the stock.

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 Trading Down 10.6 %

New Horizon Aircraft stock opened at $1.27 on Monday. The stock has a 50-day moving average price of $0.55 and a two-hundred day moving average price of $0.61. New Horizon Aircraft has a 12 month low of $0.24 and a 12 month high of $12.14.

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