New Horizon Aircraft (NASDAQ:HOVR) Posts Earnings Results, Beats Estimates By $0.05 EPS

Posted by Brenda Bartman on Oct 9th, 2026

New Horizon Aircraft (NASDAQ:HOVR – Get Free Report) posted its quarterly earnings data on Friday. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05, FiscalAI reports.

New Horizon Aircraft Stock Down 4.4%

HOVR stock opened at $1.53 on Friday. The firm has a market cap of $102.24 million, a PE ratio of -2.68 and a beta of 3.83. The business has a 50 day moving average of $1.76 and a 200-day moving average of $1.91. New Horizon Aircraft has a 12-month low of $1.16 and a 12-month high of $4.18.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of New Horizon Aircraft from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 18th. Weiss Ratings upgraded New Horizon Aircraft from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.50.

Check Out Our Latest Research Report on HOVR

About New Horizon Aircraft

(Get Free Report)

New Horizon Aircraft Ltd. is an aerospace company developing hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the emerging advanced air mobility market. The company is focused on aircraft that can operate from runways while also performing vertical takeoffs and landings, with the goal of combining the flexibility of helicopters with the efficiency and speed of fixed-wing aircraft.

Its primary product is the Cavorite X5, a five-seat eVTOL aircraft under development. The aircraft incorporates a fan-in-wing design intended to enable vertical flight and transition to efficient forward flight.