An Analysis of New Horizon Aircraft Ltd (HOVR)’s Potential Price Growth

New Horizon Aircraft Ltd’s recently made public that its Head of People & Strategy Lee Stewart Murray acquired Company’s shares for reported $368.0 on Sep 16 ’24. In the deal valued at $0.79 per share,467 shares were bought. As a result of this transaction, Lee Stewart Murray now holds 252,432 shares worth roughly $0.46 million.

Then, Lee Stewart Murray bought 613 shares, generating $368 in total proceeds. Upon buying the shares at $0.60, the Head of People & Strategy now owns 251,488 shares.

Before that, Lee Stewart Murray bought 477 shares. New Horizon Aircraft Ltd shares valued at $365 were divested by the Head of People & Strategy at a price of $0.77 per share. As a result of the transaction, Lee Stewart Murray now holds 251,965 shares, worth roughly $0.46 million.

Price Performance Review of HOVR

On Tuesday, New Horizon Aircraft Ltd [NASDAQ:HOVR] saw its stock fall -9.95% to $1.81. Over the last five days, the stock has lost -1.63%. New Horizon Aircraft Ltd shares have risen nearly 144.59% since the year began. Nevertheless, the stocks have risen 60.18% over the past one year. While a 52-week high of $2.52 was reached on 06/20/25, a 52-week low of $0.24 was recorded on 04/14/25.

Levels Of Support And Resistance For HOVR Stock

The 24-hour chart illustrates a support level at 1.6900, which if violated will result in even more drops to 1.5700. On the upside, there is a resistance level at 1.9700. A further resistance level may holdings at 2.1300.

How much short interest is there in New Horizon Aircraft Ltd?

A steep rise in short interest was recorded in New Horizon Aircraft Ltd stocks on 2025-05-30, growing by 0.21 million shares to a total of 0.36 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 0.15 million shares. There was a rise of 58.38%, which implies that there is a positive sentiment for the stock.

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