HOVR

New Horizon Aircraft Ltd
NASDAQINDUSTRIALSAEROSPACE & DEFENSE

Key Statistics

Market Cap
$103.76M
P/E Ratio
EPS
$-0.63
Beta
3.84
52W High
$4.18
52W Low
$1.16
50-Day MA
$2.27
200-Day MA
$2.07
Dividend Yield
Profit Margin
0.00%
Forward P/E
PEG Ratio

About New Horizon Aircraft Ltd

New Horizon Aircraft Ltd (HOVR) is a cutting-edge aerospace company dedicated to revolutionizing the aviation sector through the development of innovative aircraft for commercial and cargo use. With a strong emphasis on sustainability, HOVR integrates advanced technologies to meet the growing demand for environmentally friendly air travel solutions. Supported by a diverse project pipeline and strategic partnerships, the company is poised to leverage emerging market opportunities, positioning it as a compelling investment for institutional investors seeking exposure to aerospace innovation and sustainability efforts.

Official WebsiteUSAFY End: December

Fundamentals

Revenue (TTM)0
Gross Profit (TTM)0
EBITDA$-22.44M
Operating Margin0.00%
Return on Equity-313.00%
Return on Assets-87.90%
Revenue/Share (TTM)$0.00
Book Value$0.12
Price-to-Book21.66
Price-to-Sales (TTM)
EV/Revenue-
EV/EBITDA
Quarterly Earnings Growth (YoY)0.00%
Quarterly Revenue Growth (YoY)0.00%
Shares Outstanding$61.76M
Float$35.84M
% Insiders21.55%
% Institutions2.79%

Historical Volatility

HV 10-Day
64.02%
HV 20-Day
69.92%
HV 30-Day
79.41%
HV 60-Day
126.03%
HV Rank
8.7%

Volatility is currently contracting

Analyst Ratings

Consensus ($8.08 target)
2
Buy

Latest News

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
New Horizon Aircraft Ltd. Announces Closing of $20 Million Offering of Common Shares

TORONTO, ON / ACCESS Newswire / May 11, 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 certain institutional investors for the purchase and sale of an aggregate of 9,254,889 Class A Ordinary Shares ("Common Shares").

Accesswire5/11/2026Neutral
New Horizon Aircraft Ltd. Announces Pricing of $20 Million Offering of Common Shares

TORONTO, ON / ACCESS Newswire / May 6, 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 9,254,889 Class A Ordinary Shares ("Common Shares").

Accesswire5/7/2026Neutral
Horizon Aircraft to Participate in Upcoming Events

TORONTO, ON / ACCESS Newswire / April 29, 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, announces that management will participate in the following upcoming events: Event: eVTOL Insights North America Conference & Awards 2026 Date: April 29 - May 1, 2026 Location: Springfield, Ohio - NAAMCE Event Link: https://evtolinsights.com/event/evtol-insights-north-america-conference-awards-2026/ Management will participate in a live panel discussion and will be available for informal conversations.

Accesswire4/29/2026Neutral

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Data last updated: 7/9/2026