New Horizon Aircraft Stock Price on November 29, 2024
| HOVR Stock | 0.67 0.18 36.73% |
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. As of today, the current price of New Horizon stands at 0.67, as last reported on the 29th of November, with the highest price reaching 0.79 and the lowest price hitting 0.52 during the day. New Horizon appears to be out of control, given 3 months investment horizon. New Horizon Aircraft has Sharpe Ratio of 0.0195, which conveys that the firm had a 0.0195% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for New Horizon, which you can use to evaluate the volatility of the firm. Please exercise New Horizon's Risk Adjusted Performance of (0.02), standard deviation of 11.25, and Mean Deviation of 6.74 to check out if our risk estimates are consistent with your expectations.
At this time, New Horizon's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 11/29/2024, Capital Stock is likely to grow to about 128 M, while Liabilities And Stockholders Equity is likely to drop slightly above 2.8 M. . As of 11/29/2024, Price Earnings Ratio is likely to drop to about (18.5 K). In addition to that, Price Book Value Ratio is likely to drop to -6,239. New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.0195
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Estimated Market Risk
| 12.26 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average New Horizon is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Horizon by adding it to a well-diversified portfolio.
Book Value (1.03) | Enterprise Value 9.2 M | Shares Float 15.9 M | Shares Outstanding 24.6 M | Market Capitalization 11.9 M |
New Horizon Valuation on November 29, 2024
It is possible to determine the worth of New Horizon on a given historical date. On November 29, 2024 New was worth 0.52 at the beginning of the trading date compared to the closed value of 0.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Horizon stock. Still, in general, we apply an absolute valuation method to find New Horizon's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of New Horizon where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Horizon's related companies.
| Open | High | Low | Close | Volume | |
| 0.52 | 0.55 | 0.47 | 0.49 | 0.00 | |
11/29/2024 | 0.52 | 0.79 | 0.52 | 0.67 | 20,144,196 |
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New Horizon Trading Date Momentum on November 29, 2024
| On November 29 2024 New Horizon Aircraft was traded for 0.67 at the closing time. The top price for the day was 0.79 and the lowest listed price was 0.52 . The trading volume for the day was 20.1 M. The trading history from November 29, 2024 did not cause price change. The trading delta at closing time against the current closing price is 22.39% . |
New Horizon Aircraft Fundamentals Correlations and Trends
By evaluating New Horizon's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New Horizon's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Horizon Stock history
New Horizon investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Horizon Aircraft will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Horizon stock prices may prove useful in developing a viable investing in New Horizon
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 10.7 B | 11.9 B |
New Horizon Quarterly Net Working Capital |
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New Horizon Stock Technical Analysis
New Horizon technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
New Horizon Period Price Range
Low | November 29, 2024
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0.00 | 0.00 |
New Horizon Aircraft cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
New Horizon November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how New Horizon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Horizon shares will generate the highest return on investment. By undertsting and applying New Horizon stock market strength indicators, traders can identify New Horizon Aircraft entry and exit signals to maximize returns
New Horizon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Horizon's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (2.13) | |||
| Treynor Ratio | 0.7408 |
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Additional Tools for New Stock Analysis
When running New Horizon's price analysis, check to measure New Horizon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Horizon is operating at the current time. Most of New Horizon's value examination focuses on studying past and present price action to predict the probability of New Horizon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Horizon's price. Additionally, you may evaluate how the addition of New Horizon to your portfolios can decrease your overall portfolio volatility.