HOVR

New Horizon Aircraft Ltd
NASDAQINDUSTRIALSAEROSPACE & DEFENSE

Key Statistics

Market Cap
$116.94M
P/E Ratio
EPS
$-0.52
Beta
3.84
52W High
$4.18
52W Low
$1.16
50-Day MA
$2.12
200-Day MA
$2.01
Dividend Yield
Profit Margin
0.00%
Forward P/E
PEG Ratio

About New Horizon Aircraft Ltd

New Horizon Aircraft Ltd (HOVR) is an innovative aerospace company focused on transforming the aviation industry by developing advanced, sustainable aircraft for both commercial and cargo applications. The firm prioritizes sustainability, utilizing cutting-edge technologies to address the increasing demand for eco-friendly air travel solutions. With a robust pipeline of projects and strategic partnerships, HOVR is well-positioned to capitalize on emerging market opportunities, making it an attractive investment choice for institutional investors looking to engage with the future of aerospace innovation and sustainability.

Official WebsiteUSAFY End: December

Fundamentals

Revenue (TTM)0
Gross Profit (TTM)0
EBITDA$-23.17M
Operating Margin0.00%
Return on Equity-89.80%
Return on Assets-31.80%
Revenue/Share (TTM)$0.00
Book Value$0.12
Price-to-Book2.69
Price-to-Sales (TTM)
EV/Revenue-
EV/EBITDA
Quarterly Earnings Growth (YoY)0.00%
Quarterly Revenue Growth (YoY)0.00%
Shares Outstanding$66.83M
Float$54.16M
% Insiders20.51%
% Institutions2.54%

Historical Volatility

HV 10-Day
134.80%
HV 20-Day
101.75%
HV 30-Day
88.83%
HV 60-Day
123.01%
HV Rank
27.4%

Volatility is currently expanding

Analyst Ratings

Consensus ($8.32 target)
2
Buy

Latest News

Horizon Aircraft Secures LOI with V-Star Powered Lift Aviation for the Purchase of Up to 100 Hybrid eVTOLs for $600 Million

V-Star's addition of Cavorite X7 hybrid-electric VTOLs to its fleet will deliver faster, more affordable emergency air response across Australia FARNBOROUGH, GB / ACCESS Newswire / July 21, 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 it has signed a Letter of Intent ("LOI") with V-Star Powered Lift Aviation Pty Ltd.

Accesswire7/21/2026Neutral
New Horizon Aircraft Q4 Earnings Call Highlights

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.

MarketBeat7/16/2026Positive
Horizon Aircraft Reports Fiscal 2026 Fourth Quarter Results, Strengthens Balance Sheet to $78.3 Million, and Advances Full-Scale Cavorite X7 Development

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.

Accesswire7/16/2026Neutral
Horizon Aircraft Selects BETA Technologies Advanced Flight Control Computers and Software for the Cavorite X7

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.

Accesswire7/9/2026Neutral
Horizon Aircraft Advances Cavorite X7 Flight Model Through Partnership With Marshall Aerospace

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.

Accesswire6/9/2026Neutral
Horizon Aircraft Appoints Richard Alexander as Chief Engineer of Certified Programs

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.

Accesswire6/4/2026Neutral
New Horizon Aircraft Ltd. Announces Pricing of $25 Million Offering of Common Shares

The offering was led by the Company's largest existing U.S. institutional shareholders TORONTO, ON / ACCESS Newswire / May 26, 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 that it has entered into a definitive agreement with certain institutional investors for the purchase and sale of an aggregate of 9,960,160 Class A Ordinary Shares ("Common Shares") (or Common Share equivalents).

Accesswire5/26/2026Neutral
Horizon Aircraft Advances Dual-Use Certification Path Through Cert Center Canada Partnership

Cert Center Canada has streamlined Horizon Aircraft's dual-use readiness as Canada prioritizes domestic aircraft procurement to boost national security TORONTO, ON / ACCESS Newswire / May 21, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR) announces that through its close, ongoing partnership with Flight Centre of Excellence (dba Cert Center Canada,"3C") the Company has advanced the dual-use certification pathway for its hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, the Cavorite X7.

Accesswire5/21/2026Neutral

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Data last updated: 7/29/2026