Is New Horizon Aircraft Ltd (HOVR) a Buy, Sell, or Hold?
NASDAQ : HOVR
New Horizon Aircraft Ltd
$1.71 USD
-$0.02 (-1.16%)
- Volume
- 901.66K
- Average Volume
- 2.25M
- Market Capitalization
- $77.34M
- P/E Ratio
- -2.79
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $4.18
- Year Low
- $1.16
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $14.81
Industry, Sector & symbol
| Stock Exchange | NASDAQ |
| CEO | Brandon E. Robinson |
| Industry | Aerospace & Defense |
| Sector | Industrials |
| Current Symbol | HOVR |
| CUSIP | 64550A107 |
| CIK | 0001930021 |
| Web | https://www.horizonaircraft.com |
| Phone | 613-866-1935 |
| Currency | USD |
| Employees | 30 |
| Country | CA |
Liquidity
| Debt-to-Equity Ratio | 0.00 |
| Payout Ratio | 0.00 |
| Current Ratio | 14.81 |
| Quick Ratio | 14.81 |
| Cash Ratio | 13.84 |
Sales & Book Value
| Annual Sales | -$ |
| Price / Sales | 0.00 |
| Cash Flow | -0.42 |
| Price / Cash Flow | -5.83 |
| Price / Book | 5.52 |
Price Target and Rating
| Average Stock Price Forecast | |
| High Stock Price Forecast | |
| Low Stock Price Forecast | |
| Forecast Upside/Downside | % |
| Consensus Rating | Sell |
| Rating Score(0-5) | 2 |
| Research Coverage | 1 Analysts |
Profitability
| EPS (Most Recent Fiscal Year) | -$0.77 |
| Trailing P/E Ratio | -2.79 |
| PEG Ratio | 0.01 |
| P/E Growth | 0.01 |
| Net Income | -$33.1M |
| Net Margin | 0.00% |
| Pretax Margin | 0.00% |
| Return on Equity | -258.40% |
| Return on Assets | -110.60% |
Financials Score
| AltmanZ Score | 4.00 |
| Piotroski Score | 2.00 |
| Working Capital | 79.21M |
| Total Assets | 83.8M |
| Ebit | -23.47M |
| Market Cap | 95.18M |
| Total Liabilities | 12.69M |
Poll Results
About New Horizon Aircraft Ltd (NASDAQ:HOVR) Stock
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the 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. ...
New Horizon Aircraft Q4 Earnings Call Highlights
2026-07-16 10:06:27
New Horizon Aircraft NASDAQ: HOVR said it ended fiscal 2026 with its strongest balance sheet to date and is moving from technology validation toward full-scale construction of its Cavorite X7 hybrid electric vertical takeoff and landing aircraft.
2026-07-16 07:00:00
TORONTO, ON / ACCESS Newswire / July 16, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today reported its financial and operational results for the fourth quarter of fiscal 2026 ending May 31, 2026.
2026-07-09 08:00:00
BETA's advanced flight controls system will provide maximum precision, stability, safety and efficiency for Horizon Aircraft's Cavorite X7 hybrid-electric VTOL aircraft TORONTO, ON AND SOUTH BURLINGTON, VT / ACCESS Newswire / July 9, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) today announced that it has selected BETA Technologies, Inc. (BETA) (NYSE:BETA), an aerospace and defense company to supply its advanced flight control computers on the Company's full-scale hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, the Cavorite X7.
2026-06-30 08:00:00
Company Invites Investors to Submit Questions to be Answered on the Webcasted Earnings Call TORONTO, ON / ACCESS Newswire / June 30, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces that it will release its financial results for the fiscal fourth quarter of 2026 on Thursday, July 16, 2026, before market open.
Horizon Aircraft's Leadership Team to Participate at Farnborough International Airshow 2026
2026-06-25 08:00:00
TORONTO, ON / ACCESS Newswire / June 25, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces its participation in the Farnborough International Airshow 2026, one of the world's premier aerospace and defence events.
Horizon Aircraft Advances Cavorite X7 Flight Model Through Partnership With Marshall Aerospace
2026-06-09 08:00:00
Global aviation engineering and defense expert Marshall Aerospace supports Horizon Aircraft's hybrid eVTOL development and certification process TORONTO, ON / ACCESS Newswire / June 9, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces that global partner Marshall Aerospace ("Marshall") has successfully completed a flight dynamics and control model to support the development and certification of the Company's hybrid-electric vertical takeoff and landing (VTOL) aircraft, the Cavorite X7.
Horizon Aircraft Appoints Richard Alexander as Chief Engineer of Certified Programs
2026-06-04 08:00:00
Former Bombardier, Vertical Aerospace, and CAE engineering leader will help drive the development and certification of Horizon Aircraft's next-generation hybrid eVTOL TORONTO, ON / ACCESS Newswire / June 4, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces that renowned aircraft engineering leader Richard Alexander has been appointed Chief Engineer of Certified Programs of Horizon Aircraft as the Company advances its certification strategy, engineering maturation, and commercialization planning for its hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, the Cavorite X7.
New Horizon Aircraft Ltd. Announces Closing of $25 Million Offering of Common Shares
2026-05-27 17:42:00
TORONTO, ON / ACCESS Newswire / May 27, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today announced the closing of its previously announced registered direct offering pursuant to a definitive agreement with the same institutional investors from its May 08, 2026 offering for the purchase and sale of an aggregate of 9,960,160 Class A Ordinary Shares ("Common Shares") (or Common Share equivalents).
Frequently Asked Questions
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What is the current New Horizon Aircraft Ltd (HOVR) stock price?
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New Horizon Aircraft Ltd(NASDAQ:HOVR) stock price is $1.71 in the last trading session. During the trading session, HOVR stock reached the peak price of $4.18 while $1.16 was the lowest point it dropped to. The percentage change in HOVR stock occurred in the recent session was --1.16% while the dollar amount for the price change in HOVR stock was -$0.02.
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HOVR's industry and sector of operation?
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The NASDAQ listed HOVR is part of Aerospace & Defense industry that operates in the broader Industrials sector.
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Who are the executives of HOVR?
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Richard Alexander | Chief Engineer of Certified Programs
Todd Bissett | External General Counsel
Tom Brassington | Chief Technology Officer
Jason O'Neill | Chief Operating Officer
Phil Kelly | Senior Vice President of Business Development -
How many employees does HOVR have?
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Number of HOVR employees currently stands at 30. HOVR operates from 3187 Highway 35, Lindsay, ON K9V 4R1, CA.
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Link for HOVR official website?
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Official Website of HOVR is: https://www.horizonaircraft.com
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How do I contact HOVR?
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HOVR could be contacted at phone #613-866-1935 and can also be accessed through its website. HOVR operates from 3187 Highway 35, Lindsay, ON K9V 4R1, CA.
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How many shares of HOVR are traded daily?
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The average number of HOVR shares traded daily for last 3 months was 2.25M.
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What is the market cap of HOVR currently?
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The market value of HOVR currently stands at $77.34M with its latest stock price at $1.71