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

New Horizon Aircraft (NASDAQ:HOVR)‘s stock had its “buy” rating reaffirmed by research analysts at D. Boral Capital in a research note issued to investors on Monday,Benzinga reports. They presently have a $2.00 price objective on the stock. D. Boral Capital’s price target points to a potential upside of 40.85% from the company’s previous close.

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

New Horizon Aircraft Trading Up 23.5 %

New Horizon Aircraft stock opened at $1.42 on Monday. New Horizon Aircraft has a 1-year low of $0.24 and a 1-year high of $12.14. The firm has a 50-day moving average of $0.54 and a 200-day moving average of $0.60.

New Horizon Aircraft (NASDAQ:HOVR) last released its quarterly earnings data 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.