New Horizon Aircraft’s (HOVR) Buy Rating Reiterated at D. Boral Capital

Posted by Editorial Team on May 19th, 2025

D. Boral Capital reissued their buy rating on shares of New Horizon Aircraft (NASDAQ:HOVR – Free Report) in a report released on Friday,Benzinga reports. The firm currently has a $2.00 price objective on the stock.

New Horizon Aircraft Stock Up 15.8%

Shares of HOVR opened at $0.68 on Friday. New Horizon Aircraft has a 12 month low of $0.24 and a 12 month high of $1.67. The stock’s 50-day moving average price is $0.50 and its two-hundred day moving average price is $0.60.

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

Insiders Place Their Bets

In other New Horizon Aircraft news, major shareholder Dustin M. Shindo sold 65,500 shares of New Horizon Aircraft stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $0.49, for a total transaction of $32,095.00. Following the transaction, the insider now directly owns 1,308,793 shares of the company’s stock, valued at approximately $641,308.57. The trade was a 4.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 151,500 shares of company stock valued at $75,295. 11.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in New Horizon Aircraft stock. Virtu Financial LLC acquired a new stake in New Horizon Aircraft Ltd. (NASDAQ:HOVR – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 41,761 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.13% of New Horizon Aircraft at the end of the most recent reporting period. 65.97% of the stock is currently owned by institutional investors.

New Horizon Aircraft Company Profile

(Get Free Report)

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.