D. Boral Capital Reaffirms Buy Rating for New Horizon Aircraft (NASDAQ:HOVR)

New Horizon Aircraft (NASDAQ:HOVR)‘s stock had its “buy” rating restated by stock analysts at D. Boral Capital in a report issued on Wednesday,Benzinga reports. They presently have a $2.00 price objective on the stock. D. Boral Capital’s price target would suggest a potential upside of 96.08% from the stock’s previous close.

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

New Horizon Aircraft Trading Down 8.1 %

New Horizon Aircraft stock opened at $1.02 on Wednesday. The business’s 50 day simple moving average is $0.68 and its 200 day simple moving average is $0.63. New Horizon Aircraft has a 12 month low of $0.24 and a 12 month high of $8.88.

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