New Horizon Aircraft (NASDAQ:HOVR) Rating Increased to Strong-Buy at EF Hutton Acquisition Co. I

EF Hutton Acquisition Co. I upgraded shares of New Horizon Aircraft (NASDAQ:HOVR) to a strong-buy rating in a research report released on Monday, Zacks.com reports.

New Horizon Aircraft Stock Up 7.6 %

NASDAQ:HOVR opened at $0.31 on Monday. The company has a 50 day simple moving average of $0.69 and a two-hundred day simple moving average of $1.12. New Horizon Aircraft has a 12 month low of $0.24 and a 12 month high of $12.14.

Insider Activity at New Horizon Aircraft

In other news, major shareholder Dustin M. Shindo sold 102,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $0.82, for a total transaction of $83,640.00. Following the completion of the sale, the insider now owns 1,537,563 shares of the company’s stock, valued at $1,260,801.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 133,000 shares of company stock worth $107,300.

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. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically.