Equities Analysts Offer Predictions for HOVR Q1 Earnings

New Horizon Aircraft Ltd. (NASDAQ:HOVR) – Analysts at Zacks Research issued their Q1 2028 earnings per share (EPS) estimates for New Horizon Aircraft in a research note issued 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.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of New Horizon Aircraft in a report on Wednesday, July 15th. D. Boral Capital reissued a “buy” rating and issued a $11.00 price target on shares of New Horizon Aircraft in a report on Tuesday, April 14th. Finally, Wall Street Zen upgraded shares of New Horizon Aircraft from a “strong sell” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.50.

New Horizon Aircraft Price Performance

Shares of HOVR stock opened at $1.99 on Wednesday. The stock has a market cap of $112.20 million, a PE ratio of -3.49 and a beta of 3.84. The stock has a 50-day moving average of $2.18 and a 200-day moving average of $1.99. New Horizon Aircraft has a one year low of $1.16 and a one year high of $4.18.

New Horizon Aircraft (NASDAQ:HOVR) last released its earnings results on Thursday, July 16th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02.

Institutional Trading of New Horizon Aircraft

A number of large investors have recently bought and sold shares of HOVR. Virtu Financial LLC bought a new position in New Horizon Aircraft in the third quarter valued at approximately $244,000. Renaissance Technologies LLC increased its position in shares of New Horizon Aircraft by 15.0% during the fourth quarter. Renaissance Technologies LLC now owns 695,100 shares of the company’s stock worth $1,022,000 after acquiring an additional 90,500 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of New Horizon Aircraft during the fourth quarter worth $96,000. Marshall Wace LLP acquired a new stake in shares of New Horizon Aircraft during the fourth quarter worth $63,000. Finally, Central Pacific Bank Trust Division bought a new stake in New Horizon Aircraft in the 2nd quarter valued at $47,000. 65.97% of the stock is owned by institutional investors.

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. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.