New Horizon Aircraft (NASDAQ:HOVR) Earns Buy Rating from D. Boral Capital

New Horizon Aircraft (NASDAQ:HOVR)‘s stock had its “buy” rating reiterated by stock analysts at D. Boral Capital in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $2.00 target price on the stock. D. Boral Capital’s price target would suggest a potential upside of 96.08% from the company’s previous close.

Separately, EF Hutton Acquisition Co. I upgraded New Horizon Aircraft to a “strong-buy” rating in a research report on Monday, October 7th.

New Horizon Aircraft Price Performance

HOVR stock opened at $1.02 on Wednesday. New Horizon Aircraft has a one year low of $0.24 and a one year high of $8.88. The company’s 50 day moving average price is $0.68 and its two-hundred day moving average price is $0.63.

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