New Horizon Aircraft Stock Fundamentals
| HOVR Stock | 0.66 0.03 4.76% |
New Horizon Aircraft fundamentals help investors to digest information that contributes to New Horizon's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Horizon's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New Horizon stock.
At this time, New Horizon's Net Interest Income is relatively stable compared to the past year. As of 01/31/2025, Selling General Administrative is likely to grow to about 4.5 M, while Other Operating Expenses is likely to drop slightly above 1.2 M. New | Select Account or Indicator |
New Horizon Aircraft Company Shares Outstanding Analysis
New Horizon's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current New Horizon Shares Outstanding | 31.23 M |
Most of New Horizon's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Horizon Aircraft is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
New Shares Outstanding Historical Pattern
Today, most investors in New Horizon Stock are looking for potential investment opportunities by analyzing not only static indicators but also various New Horizon's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of New Horizon shares outstanding as a starting point in their analysis.
New Horizon Shares Outstanding |
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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New Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, New Horizon Aircraft has 31.23 M of shares currently outstending. This is 78.57% lower than that of the Aerospace & Defense sector and 76.24% lower than that of the Industrials industry. The shares outstanding for all United States stocks is 94.54% higher than that of the company.
New Horizon Aircraft Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Horizon's current stock value. Our valuation model uses many indicators to compare New Horizon value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Horizon competition to find correlations between indicators driving New Horizon's intrinsic value. More Info.New Horizon Aircraft is rated # 2 in return on asset category among its peers. It also is rated # 2 in current valuation category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value New Horizon by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.New Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Horizon's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Horizon could also be used in its relative valuation, which is a method of valuing New Horizon by comparing valuation metrics of similar companies.New Horizon is currently under evaluation in shares outstanding category among its peers.
New Fundamentals
| Return On Asset | -1.15 | ||||
| Current Valuation | 19.95 M | ||||
| Shares Outstanding | 31.23 M | ||||
| Shares Owned By Insiders | 49.80 % | ||||
| Shares Owned By Institutions | 0.48 % | ||||
| Number Of Shares Shorted | 585.19 K | ||||
| EBITDA | (7.83 M) | ||||
| Net Income | 8.61 M | ||||
| Total Debt | 74 K | ||||
| Book Value Per Share | (0.96) X | ||||
| Cash Flow From Operations | (2.12 M) | ||||
| Short Ratio | 0.22 X | ||||
| Earnings Per Share | (0.53) X | ||||
| Target Price | 1.99 | ||||
| Number Of Employees | 20 | ||||
| Market Capitalization | 20.53 M | ||||
| Total Asset | 4.94 M | ||||
| Retained Earnings | (14.68 M) | ||||
| Working Capital | (864.39 K) | ||||
| Net Asset | 4.94 M |
About New Horizon Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Horizon Aircraft's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Horizon using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Horizon Aircraft based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Cost Of Revenue | 392.4 K | 419.7 K |
Pair Trading with New Horizon
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Horizon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Horizon will appreciate offsetting losses from the drop in the long position's value.Moving together with New Stock
Moving against New Stock
The ability to find closely correlated positions to New Horizon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Horizon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Horizon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Horizon Aircraft to buy it.
The correlation of New Horizon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Horizon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Horizon Aircraft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Horizon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for New Stock Analysis
When running New Horizon's price analysis, check to measure New Horizon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Horizon is operating at the current time. Most of New Horizon's value examination focuses on studying past and present price action to predict the probability of New Horizon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Horizon's price. Additionally, you may evaluate how the addition of New Horizon to your portfolios can decrease your overall portfolio volatility.