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New Horizon Aircraft Ltd. (HOVR)
NASDAQ:HOVR
HOVR Stock Chart & Stats
$1.62
-$0.09(-8.11%)
At close: 4:00 PM EST
$1.62
-$0.09(-8.11%)
Day’s Range― - ―
52-Week Range$0.35 - $4.18
Previous Close$1
Volume2.72M
Average Volume (3M)587.70K
Market Cap
$80.10M
Enterprise Value$85.35M
Total Cash (Recent Filing)$24.30M
Total Debt (Recent Filing)$19.00K
Price to Earnings (P/E)―
Beta0.56
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding44,252,750
10 Day Avg. Volume590,062
30 Day Avg. Volume587,701
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)10.58
Price to Sales (P/S)0.00
P/FCF Ratio-2.90
Enterprise Value/Market Cap1.07
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-1.50K
Enterprise Value/Ebitda-4.64
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low Leverage / Strong Balance SheetVery low debt reduces bankruptcy risk and preserves financial flexibility during long development cycles. For an eVTOL developer facing multi-year certification timelines, a clean capital structure supports continued R&D and supplier commitments without immediate interest burden, improving execution optionality.
Board Expertise — Aerospace Test PilotAdding a high-profile test pilot/astronaut strengthens technical and certification know-how. That expertise improves design validation, regulatory engagement, and credibility with partners and customers, which materially aids long-term certification and mission-specific product development.
Employee Stock Purchase Plan (ESPP)An ESPP aligns employee incentives with shareholder outcomes, aiding retention and attraction of scarce aerospace engineering talent. Over the multi-month development and certification horizon, improved staff alignment and lower turnover support continuity of technical progress and reduce rehiring delays.
Bears Say
Pre-Revenue BusinessLack of recurring revenue means the business depends entirely on financing to fund operations while commercializing the Cavorite X7. This structural revenue absence increases execution risk, limits internal funding for certification, and reduces resilience to delays in product commercialization.
Persistent Cash BurnSustained negative operating and free cash flow will deplete cash reserves absent new financing. For a capital-intensive aerospace developer, continued cash burn creates a material funding requirement within months, raising the probability of dilutive financing or constrained R&D and certification schedules.
Widening Losses & Dilution RiskSharp TTM losses and prior episodes of negative equity signal weak returns on capital and financial volatility. Combined with explicit increased offering capacity, this creates a durable risk that future capital raises will dilute shareholders and could divert management focus from product execution to financing.
New Horizon Aircraft News
HOVR FAQ
What was New Horizon Aircraft Ltd.’s price range in the past 12 months?
New Horizon Aircraft Ltd. lowest stock price was $0.35 and its highest was $4.18 in the past 12 months.
What is New Horizon Aircraft Ltd.’s market cap?
New Horizon Aircraft Ltd.’s market cap is $80.10M.
When is New Horizon Aircraft Ltd.’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were New Horizon Aircraft Ltd.’s earnings last quarter?
Currently, no data Available
Is New Horizon Aircraft Ltd. overvalued?
According to Wall Street analysts New Horizon Aircraft Ltd.’s price is currently Overvalued.
Does New Horizon Aircraft Ltd. pay dividends?
New Horizon Aircraft Ltd. does not currently pay dividends.
What is New Horizon Aircraft Ltd.’s EPS estimate?
New Horizon Aircraft Ltd.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does New Horizon Aircraft Ltd. have?
New Horizon Aircraft Ltd. has 44,252,750 shares outstanding.
What happened to New Horizon Aircraft Ltd.’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of New Horizon Aircraft Ltd.?
Currently, no hedge funds are holding shares in HOVR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
New Horizon Aircraft Stock Smart Score
Neutral
1
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7
8
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10
Blogger Sentiment
Neutral
HOVR Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 478.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.1%
Last 30 Days ▼ 6.7%
Last 30 Days ▼ 6.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
49.54%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
168.24%
Trailing 12-Months
Company Description
New Horizon Aircraft Ltd.
New Horizon Aircraft Ltd., an aerospace engineering company, focuses on designing and developing the hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market primarily in the United States. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.
HOVR Earnings Call
Q2 2026
0:00 / 0:00
Technical Analysis
Ehang Holdings
―
Vertical Aerospace
―
Eve Holding
―
Sky Harbour Group
―
Archer Aviation
―
Ownership Overview
12.55% Insiders
0.03% Mutual Funds
0.26% Other Institutional Investors
87.11% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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