FY2025 Earnings Estimate for HOVR Issued By Zacks Small Cap

New Horizon Aircraft Ltd. (NASDAQ:HOVR) – Equities researchers at Zacks Small Cap issued their FY2025 earnings per share (EPS) estimates for New Horizon Aircraft in a research report issued on Monday, May 19th. Zacks Small Cap analyst B. Lantier expects that the company will post earnings per share of $0.24 for the year. Zacks Small Cap also issued estimates for New Horizon Aircraft’s Q4 2025 earnings at ($0.08) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.09) EPS, Q3 2026 earnings at ($0.11) EPS, Q4 2026 earnings at ($0.13) EPS, FY2026 earnings at ($0.41) EPS, Q1 2027 earnings at ($0.15) EPS, Q2 2027 earnings at ($0.16) EPS, Q3 2027 earnings at ($0.18) EPS and FY2027 earnings at ($0.68) EPS.

Separately, D. Boral Capital reiterated a “buy” rating and set a $2.00 price objective on shares of New Horizon Aircraft in a research note on Friday, May 16th.

New Horizon Aircraft Trading Down 6.0%

Shares of New Horizon Aircraft stock opened at $0.85 on Thursday. New Horizon Aircraft has a 12-month low of $0.24 and a 12-month high of $1.63. The business’s 50 day moving average is $0.52 and its 200-day moving average is $0.62.

New Horizon Aircraft (NASDAQ:HOVR) last announced its quarterly earnings data on Monday, April 14th. The company reported ($0.17) earnings per share (EPS) for the quarter.

Insider Transactions at New Horizon Aircraft

In other news, major shareholder Dustin M. Shindo sold 65,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $0.49, for a total transaction of $32,095.00. Following the sale, the insider now owns 1,308,793 shares in the company, valued at $641,308.57. This represents a 4.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 11.10% of the company’s stock.

Institutional Investors Weigh In On New Horizon Aircraft

An institutional investor recently bought a new position in New Horizon Aircraft stock. Virtu Financial LLC bought a new position in shares of New Horizon Aircraft Ltd. (NASDAQ:HOVR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 41,761 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.13% of New Horizon Aircraft at the end of the most recent quarter. 65.97% of the stock is currently owned by institutional investors.

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.