HOVR

New Horizon Aircraft Ltd
NASDAQINDUSTRIALSAEROSPACE & DEFENSE

Key Statistics

Market Cap
$112.77M
P/E Ratio
EPS
$-0.56
Beta
3.86
52W High
$4.18
52W Low
$1.16
50-Day MA
$1.82
200-Day MA
$1.91
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$0.76
Price-to-Book2.40
Price-to-Sales (TTM)
EV/Revenue-
EV/EBITDA
Quarterly Earnings Growth (YoY)0.00%
Quarterly Revenue Growth (YoY)0.00%
Shares Outstanding$67.12M
Float$54.10M
% Insiders20.58%
% Institutions6.88%

Historical Volatility

HV 10-Day
49.61%
HV 20-Day
40.08%
HV 30-Day
60.70%
HV 60-Day
76.88%
HV Rank
0.4%

Volatility is currently contracting

Analyst Ratings

Consensus ($8.48 target)
2
Buy

Latest News

Horizon Aircraft Appoints Tom Hearne to Board of Directors and Names Him Audit Committee Chair

Company to benefit from Hearne's 30 years of technology leadership, capital markets, and financial oversight experience as it advances the Cavorite X7 program TORONTO, ON / ACCESS Newswire / September 4, 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 appointment of Tom Hearne to its Board of Directors (the "Board") and as Chair of the Board's Audit Committee, effective immediately.

Accesswire9/4/2026Neutral
Horizon Aircraft Advances All-Weather Certification Path with the Start of Ice Protection Technology Testing

Through its partnership with Cert Center Canada and anti-icing technologies developed by the University of Toronto, the Company progresses toward bringing an all-weather VTOL to market TORONTO, ON / ACCESS Newswire / September 1, 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, continues to advance the all-weather certification pathway of its Cavorite X7 through the Company's ongoing partnership with Flight Centre of Excellence (dba Cert Center Canada,"3C") and anti-icing technologies being developed by the University of Toronto ("UofT").

Accesswire9/1/2026Neutral
Horizon Aircraft to Participate in August Investment Conferences

TORONTO, ON / ACCESS Newswire / July 30, 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 August investment conferences: Event: Canaccord Genuity 46th Annual Growth Conference Date: August 11-13, 2026 Location: Boston, MA Event Link: https://www.canaccordgenuity.com/capital-markets/events-and-conferences/46th-annual-growth-conference/ Management will sit for a fireside chat on August 11 at 1:00pm and will be available for 1x1 meetings throughout the conference.

Accesswire7/30/2026Neutral
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

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Data last updated: 9/7/2026