New Horizon Aircraft (HOVR)
NASDAQ:HOVR
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New Horizon Aircraft
(NASDAQ:HOVR)
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Rating:45Neutral
Price Target:
$1.50
▲(11.94% Upside)
Action:ReiteratedDate:03/25/26
Overall score is pressured primarily by weak financial performance (pre-revenue, worsening losses, and sustained cash burn), which raises execution and funding risk despite low leverage. Technicals add downside bias with price below key moving averages and negative MACD. Valuation provides limited support because the negative P/E reflects losses and there is no dividend yield data.
Positive Factors
Low Leverage / Balance Sheet Flexibility
Very low recorded debt relative to a meaningful equity base gives the company structural financial flexibility to fund development stages without near-term interest obligations. This reduces refinancing pressure and supports continued R&D and certification efforts over months.
Negative Factors
Pre-revenue with Large Ongoing Losses
Being pre-revenue while incurring sizable recurring operating losses creates structural execution and funding risk. Without near-term commercialization, sustained negative earnings increase the probability of equity raises or project slowdowns, pressuring long-term plan continuity.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Flexibility
Very low recorded debt relative to a meaningful equity base gives the company structural financial flexibility to fund development stages without near-term interest obligations. This reduces refinancing pressure and supports continued R&D and certification efforts over months.
Read all positive factors
New Horizon Aircraft (HOVR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$59.30M
Dividend YieldN/A
Average Volume (3M)587.70K
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees20
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
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 Cap0.98
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-1.02K
Enterprise Value/Ebitda-3.16
Forecast
1Y Price Target
$18.00Price Target Upside1243.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
New Horizon Aircraft Business Overview & Revenue Model
Company Description
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 developin...
How the Company Makes Money
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New Horizon Aircraft Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | May 2025 | May 2024 | May 2023 | May 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -57.08K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -18.38M | -13.45M | -4.57M | -1.44M | -1.76M |
| Net Income | -22.46M | 5.20M | -8.16M | -1.25M | -1.65M |
Balance Sheet | |||||
| Total Assets | 25.64M | 8.41M | 4.94M | 1.41M | 1.16M |
| Cash, Cash Equivalents and Short-Term Investments | 24.30M | 7.55M | 1.82M | 227.97K | 4.32K |
| Total Debt | 19.00K | 30.00K | 74.00K | 1.60M | 2.25M |
| Total Liabilities | 11.17M | 5.82M | 22.88M | 1.83M | 2.44M |
| Stockholders Equity | 14.47M | 2.59M | -17.93M | -413.49K | -1.28M |
Cash Flow | |||||
| Free Cash Flow | -10.91M | -9.45M | -3.52M | -1.09M | -1.75M |
| Operating Cash Flow | -10.10M | -9.31M | -3.31M | -1.01M | -1.62M |
| Investing Cash Flow | -808.00K | -142.00K | -209.00K | -77.21K | -130.57K |
| Financing Cash Flow | 34.33M | 15.19M | 5.11M | 1.31M | 1.60M |
New Horizon Aircraft Risk Analysis
New Horizon Aircraft disclosed 60 risk factors in its most recent earnings report. New Horizon Aircraft reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
New Horizon Aircraft Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $708.30M | 16.12 | 16.37% | ― | 95.23% | 89.44% | |
47 Neutral | $3.79B | ― | -37.76% | ― | ― | 11.14% | |
46 Neutral | $846.38M | -5.44 | -225.72% | ― | ― | -33.69% | |
45 Neutral | $59.30M | -2.61 | -356.97% | ― | ― | ― | |
43 Neutral | $673.99M | -15.01 | -22.42% | ― | 23.58% | 20.74% | |
43 Neutral | $210.80M | 1.54 | -174.08% | ― | ― | ― |
* Industrials Sector Average
HOVR
New Horizon Aircraft
1.34
0.82
157.69%
EH
Ehang Holdings
9.39
-11.50
-55.05%
EVTL
Vertical Aerospace
2.06
-1.30
-38.69%
EVEX
Eve Holding
2.43
-0.89
-26.81%
SKYH
Sky Harbour Group
9.30
-3.71
-28.52%
ACHR
Archer Aviation
5.09
-2.02
-28.41%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.