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 analysts at D. Boral Capital in a note issued to investors on Wednesday,Benzinga reports. They currently have a $2.00 price target on the stock. D. Boral Capital’s price target would indicate a potential upside of 132.56% from the company’s current price.

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

New Horizon Aircraft Trading Down 0.1 %

Shares of New Horizon Aircraft stock opened at $0.86 on Wednesday. New Horizon Aircraft has a 12-month low of $0.24 and a 12-month high of $4.03. The firm’s 50-day moving average price is $0.72 and its two-hundred day moving average price is $0.64.

New Horizon Aircraft (NASDAQ:HOVR) last released its earnings results on Tuesday, January 14th. The company reported $0.80 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in New Horizon Aircraft stock. Capital Investment Advisors LLC bought a new position in shares of New Horizon Aircraft Ltd. (NASDAQ:HOVR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 25,807 shares of the company’s stock, valued at approximately $29,000. Capital Investment Advisors LLC owned 0.11% of New Horizon Aircraft at the end of the most recent quarter. Institutional investors own 65.97% of the company’s stock.

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.