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

D. Boral Capital reissued their buy rating on shares of New Horizon Aircraft (NASDAQ:HOVR) in a research note issued to investors on Monday morning,Benzinga reports. D. Boral Capital currently has a $2.00 target price 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 Price Performance

HOVR opened at $1.13 on Monday. New Horizon Aircraft has a 1-year low of $0.24 and a 1-year high of $12.14. The business has a 50 day moving average of $0.59 and a 200-day moving average of $0.61.

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