New Horizon Aircraft Ltd. reported results
SEC 8-KRead source ↗
New Horizon Aircraft Ltd. is a US-listed company in the aerospace & defense industry. Its financial year ends in May.
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds22 adding, 10 cuttingOf 6 active managers that changed their stake, 4 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 50% in the quarter to 2026-08-31, the 2nd beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in New Horizon Aircraft Ltd.'s latest figures clears our strength thresholds.
Things to watch
- Volatile shares. Over the past year the shares showed annualised volatility of 102% and a beta of 3.6 against the S&P 500.
- Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
Latest results
- Earnings per share
- -$0.06 against an average estimate of -$0.12: beat by 50.0%
- Share reaction
- -1.3% in the first session after the results on October 9, 2026, against +0.5% for the S&P 500
- Next report
- October 9, 2026; average EPS estimate -$0.15
Price chart
- 1 day-2.5%
- 1 week-8.3%
- 1 month-30.7%
- This year-20.7%
- 1 year-54.8%
- S&P 500 this year+11.2%
Loading chart…
Third-party market data · may be delayed
At a glance
Earnings
- Last results
- October 9, 2026
- Next results (est.)
- January 13, 2027
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Results
- Leadership
New Horizon Aircraft Ltd. announced a director or officer change; made a public disclosure
SEC 8-KRead source ↗ - Results
New Horizon Aircraft Ltd. reported results
SEC 8-KRead source ↗
No model value for New Horizon Aircraft Ltd. at the moment. Current status: limited reported history: available models are shown without a Buy/Hold/Sell rating. Available reported financials are shown below.
Valuation models
We value New Horizon Aircraft Ltd. as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.85 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | — | Does not apply: no twelve-month earnings or share count in the filings yet |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | — | No model applies: the filings don’t yet support a value. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare New Horizon Aircraft Ltd. with Aerospace & Defense in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Forecasts and guidance
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | −$0.58 | +24% | — | 0% |
| Next | −$0.90 | −53% | $3m | 0% |
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is −48.2% on 90 days ago. In the last 30 days, 1 analyst raised New Horizon Aircraft Ltd.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | −$1.13 | −$1.64 |
| 60 days ago | −$0.71 | −$1.10 |
| 30 days ago | −$0.71 | −$1.10 |
| 7 days ago | −$0.71 | −$1.10 |
| Now | −$0.58 | −$0.90 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Aug 2026 | −$0.12 | −$0.06 | +50.0% |
| May 2026 | −$0.25 | −$0.13 | +48.0% |
| Feb 2026 | −$0.11 | −$0.16 | −45.5% |
| Nov 2025 | −$0.15 | −$0.21 | −40.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 5.3% of tradable shares
- Days to cover
- 5.85 at average volume
- Short interest, 1 month
- +15% to October 15, 2026
- Held by institutions
- 7% of shares
- Held by insiders
- 19.9% of shares
- Employees
- 58 full time
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2024 | 2025 | 2026 to date |
|---|---|---|---|
| Return | |||
| HOVR | −86% | +30% | −21% |
| Industry peers (median) | +22% | +16% | −11% |
| S&P 500 | +25% | +18% | +11% |
| Months that ended higher | |||
| HOVR | 42% | 50% | 46% |
| S&P 500 | 75% | 75% | 46% |
| Largest fall from a high during the year | |||
| HOVR | −98% | −69% | −63% |
| S&P 500 | −8% | −19% | −9% |
Worst fall since April 3, 2023: 98% from August 30, 2023 to October 3, 2024. Getting back needed a 4100% gain, and the shares have not yet recovered.
Price behaviour
- 52-week range
- $1.17 – $3.14
- From 52-week high
- −62.9%
- vs 50-day average
- −25.8%
- vs 200-day average
- −37.7%
- Volatility (1 year)
- 102%
- Beta vs S&P 500
- 3.64
Share price after results
- Next day
- 3 up, 2 down typical move ±10.3%
- After a week
- 3 up, 2 down typical move ±13.8%
- After a month
- 2 up, 2 down typical move ±31.4%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| October 9, 2026 | −1.3% | +0.5% | −9.8% | — |
| July 16, 2026 | −8.2% | −1.5% | +8.2% | +15.2% |
| April 14, 2026 | +17.9% | +2.0% | +13.5% | +59.0% |
| January 14, 2026 | +16.6% | −0.2% | +22.6% | −11.6% |
| October 10, 2025 | +7.3% | −1.2% | −14.9% | −39.8% |
Fundamentals
Who owns it
Funds buying and selling- Reported value
- $9.1M
- Institutions reporting
- 31
- Shares held vs prior quarter
- ▲ 171.2%
- Positions opened / closed
- 11 / 7
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Alyeska Investment Group, L.P. | $3.9M | 2.0M | 43.2% | New |
| Marshall Wace, LLP | $1.6M | 814K | 17.7% | ▲ 737.8% |
| Citadel Advisors LLC | $970,944 | 493K | 10.7% | ▲ 28.9% |
| Renaissance Technologies LLC | $887,798 | 451K | 9.8% | ▼ 1.5% |
| Jane Street Group, LLC | $504,155 | 256K | 5.6% | ▼ 23.5% |
| Cerity Partners LLC | $394,000 | 200K | 4.3% | New |
| Saxon Interests, Inc. | $98,500 | 50K | 1.1% | New |
| Gsa Capital Partners LLP | $98,000 | 50K | 1.1% | New |
| Gabelli Funds LLC | $66,259 | 34K | 0.7% | ▲ 32.9% |
| UBS Group AG | $65,904 | 33K | 0.7% | ▲ 521.8% |
| J. Derek Lewis & Associates Inc. | $49,447 | 25K | 0.5% | New |
| Morgan Stanley | $47,666 | 24K | 0.5% | ▲ 64.4% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not New Horizon Aircraft Ltd.'s complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chart Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around January 13, 2027 estimated from the company's past filing pattern, not announced
- October 9, 2026
- July 16, 2026
- April 14, 2026
- January 14, 2026
- October 10, 2025
Recent SEC filings
- DEF 14A Proxy statement
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- S-3 REGISTRATION STATEMENT
- 8-K Current report
- 10-K Annual report
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
New Horizon Aircraft Ltd. in brief
- What does New Horizon Aircraft Ltd. do?
- New Horizon Aircraft Ltd. is a US-listed company in the aerospace & defense industry. Its financial year ends in May.
- What is New Horizon Aircraft Ltd.'s stock ticker?
- New Horizon Aircraft Ltd. trades under the ticker HOVR on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are New Horizon Aircraft Ltd.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Alyeska Investment Group, L.P., Marshall Wace, LLP and Citadel Advisors LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- When is New Horizon Aircraft Ltd.'s next earnings date?
- Around January 13, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — New Horizon Aircraft Ltd. announces its own schedule.
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