D. Boral Capital Reiterates Buy Rating for New Horizon Aircraft (NASDAQ:HOVR)

D. Boral Capital reiterated their buy rating on shares of New Horizon Aircraft (NASDAQ:HOVR) in a research note released on Monday,Benzinga reports. They currently have 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 report on Monday, October 7th.

New Horizon Aircraft Stock Performance

HOVR opened at $1.27 on Monday. New Horizon Aircraft has a fifty-two week low of $0.24 and a fifty-two week high of $12.14. The company’s 50-day moving average is $0.55 and its 200 day moving average is $0.61.

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

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.