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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
$77.88M
Enterprise Value$81.34M
Total Cash (Recent Filing)$24.30M
Total Debt (Recent Filing)$19.00K
Price to Earnings (P/E)―
Beta0.57
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 Cap1.04
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-1.43K
Enterprise Value/Ebitda-4.42
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 / Balance Sheet HealthMinimal debt against a meaningful equity base reduces refinancing and interest burden risks for a capital‑intensive aerospace developer. Lower leverage improves financial flexibility to fund R&D, certification and partnerships over multi‑year development cycles without immediate debt servicing pressure.
Management & Board ExpertiseAdding a renowned test pilot/astronaut to the board strengthens technical credibility for flight test and certification planning. The ESPP aligns employees with long‑term outcomes, supporting retention and execution continuity across the extended development and regulatory timelines typical in eVTOL programs.
Strategic Market PositionTargeting hybrid‑electric eVTOL for both advanced air mobility and defense creates exposure to multiple structural growth markets. Dual civil and defense use cases diversify potential revenue streams and increase opportunities for government partnerships, fleet trials, and longer‑term commercialization pathways.
Bears Say
Pre-Revenue & Large LossesBeing pre‑revenue with substantial TTM losses means no recurring sales to absorb R&D and certification costs. Continued operating deficits erode cash reserves, lengthen the path to self‑sustaining operations, and increase dependence on external funding to achieve commercialization milestones.
Persistent Cash BurnMaterial negative operating and free cash flow demonstrate the company consumes significant cash annually. Unless cash burn is reduced or new capital secured, ongoing outflows raise the likelihood of dilutive equity raises or debt, constraining strategic choices and slowing progress toward certification and revenue generation.
Dilution Risk From Financing FlexibilityCorporate events note increased share issuance capacity and an ESPP, which while improving financing flexibility also raise dilution probability. For a pre‑revenue developer likely to need repeated capital infusions, heightened dilution risk can reduce per‑share economics and complicate long‑term investor returns.
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 $77.88M.
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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3
4
5
6
7
8
9
10
Blogger Sentiment
Neutral
HOVR Sentiment 50%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 478.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.6%
Last 30 Days ▼ 6.4%
Last 30 Days ▼ 6.4%
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
0.03% Other Institutional Investors
87.34% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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