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

D. Boral Capital reaffirmed their buy rating on shares of New Horizon Aircraft (NASDAQ:HOVR) in a research report released on Wednesday,Benzinga reports. D. Boral Capital currently has a $2.00 price objective on the stock.

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

New Horizon Aircraft Stock Down 8.1 %

NASDAQ:HOVR opened at $1.02 on Wednesday. New Horizon Aircraft has a twelve month low of $0.24 and a twelve month high of $8.88. The business has a 50 day moving average price of $0.67 and a two-hundred day moving average price of $0.63.

New Horizon Aircraft (NASDAQ:HOVR) last issued its quarterly earnings results on Thursday, October 10th. The company reported ($0.11) EPS for the quarter.

About New Horizon Aircraft

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.