New Horizon Aircraft Ltd. (NASDAQ:HOVR – Free Report) – Equities researchers at Zacks Research issued their Q1 2028 EPS estimates for shares of New Horizon Aircraft in a note issued to investors on Friday, July 17th. Zacks Research analyst B. Lantier forecasts that the company will post earnings of ($0.10) per share for the quarter. The consensus estimate for New Horizon Aircraft’s current full-year earnings is ($0.55) per share. Zacks Research also issued estimates for New Horizon Aircraft’s Q2 2028 earnings at ($0.11) EPS, Q3 2028 earnings at ($0.11) EPS, Q4 2028 earnings at ($0.11) EPS and FY2028 earnings at ($0.42) EPS.
HOVR has been the subject of a number of other reports. D. Boral Capital reiterated a “buy” rating and issued a $11.00 price target on shares of New Horizon Aircraft in a research note on Tuesday, April 14th. Wall Street Zen upgraded New Horizon Aircraft from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 18th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of New Horizon Aircraft in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.50.
New Horizon Aircraft Stock Performance
NASDAQ HOVR opened at $1.91 on Wednesday. The firm’s fifty day moving average price is $2.17 and its two-hundred day moving average price is $1.99. The stock has a market cap of $107.69 million, a PE ratio of -3.35 and a beta of 3.84. New Horizon Aircraft has a fifty-two week low of $1.16 and a fifty-two week high of $4.18.
New Horizon Aircraft (NASDAQ:HOVR – Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02.
Institutional Investors Weigh In On New Horizon Aircraft
A number of institutional investors have recently added to or reduced their stakes in HOVR. Quadrature Capital Ltd bought a new position in shares of New Horizon Aircraft during the fourth quarter valued at $96,000. Marshall Wace LLP bought a new stake in shares of New Horizon Aircraft in the fourth quarter worth $63,000. Renaissance Technologies LLC grew its stake in shares of New Horizon Aircraft by 15.0% in the fourth quarter. Renaissance Technologies LLC now owns 695,100 shares of the company’s stock worth $1,022,000 after purchasing an additional 90,500 shares during the last quarter. Virtu Financial LLC acquired a new stake in New Horizon Aircraft in the third quarter valued at $244,000. Finally, Gabelli Funds LLC acquired a new stake in New Horizon Aircraft in the third quarter valued at $51,000. 65.97% of the stock is 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. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.
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