Examining the Potential Price Growth of New Horizon Aircraft Ltd (HOVR)

New Horizon Aircraft Ltd’s recent filing unveils that its Former 10% Owner Shindo Dustin M unloaded Company’s shares for reported $37500.0 on Feb 20 ’25. In the deal valued at $0.50 per share,75,000 shares were sold. As a result of this transaction, Shindo Dustin M now holds 1,394,368 shares worth roughly $1.44 million.

Then, Shindo Dustin M sold 65,500 shares, generating $32,095 in total proceeds. Upon selling the shares at $0.49, the Former 10% Owner now owns 1,308,793 shares.

Before that, Shindo Dustin M sold 34,000 shares. New Horizon Aircraft Ltd shares valued at $17,680 were divested by the Former 10% Owner at a price of $0.52 per share. As a result of the transaction, Shindo Dustin M now holds 1,469,368 shares, worth roughly $1.51 million.

Price Performance Review of HOVR

On Monday, New Horizon Aircraft Ltd [NASDAQ:HOVR] saw its stock fall -2.83% to $1.03. Over the last five days, the stock has gained 11.71%. New Horizon Aircraft Ltd shares have fallen nearly -8.85% since the year began. Nevertheless, the stocks have risen 9.87% over the past one year. While a 52-week high of $1.63 was reached on 01/06/25, a 52-week low of $0.24 was recorded on 04/14/25. SMA at 50 days reached $0.5831, while 200 days put it at $0.6123.

Levels Of Support And Resistance For HOVR Stock

The 24-hour chart illustrates a support level at 0.9817, which if violated will result in even more drops to 0.9333. On the upside, there is a resistance level at 1.0867. A further resistance level may holdings at 1.1433. The Relative Strength Index (RSI) on the 14-day chart is 71.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.2417, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.31%. Stochastics %K at 86.38% indicates the stock is a selling.

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