Symbols / HOVR
HOVR Chart
About
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.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Aerospace & Defense | Market Cap | 88.27M |
| Enterprise Value | 66.07M | Income | -31.11M | Sales | — |
| Book/sh | 0.14 | Cash/sh | 0.55 | Dividend Yield | — |
| Payout | 0.00% | Employees | 30 | IPO | — |
| P/E | — | Forward P/E | -2.97 | PEG | — |
| P/S | — | P/B | 14.61 | P/C | — |
| EV/EBITDA | -3.58 | EV/Sales | — | Quick Ratio | 6.43 |
| Current Ratio | 6.51 | Debt/Eq | 0.13 | LT Debt/Eq | — |
| EPS (ttm) | -0.79 | EPS next Y | -0.67 | EPS Growth | — |
| Revenue Growth | — | Earnings | 2026-04-14 | ROA | -84.39% |
| ROE | -5.13% | ROIC | — | Gross Margin | 0.00% |
| Oper. Margin | 0.00% | Profit Margin | 0.00% | Shs Outstand | 44.25M |
| Shs Float | 29.36M | Short Float | 7.11% | Short Ratio | 1.76 |
| Short Interest | — | 52W High | 4.18 | 52W Low | 0.35 |
| Beta | 2.98 | Avg Volume | 906.12K | Volume | 834.92K |
| Target Price | $8.47 | Recom | Strong_buy | Prev Close | $1.90 |
| Price | $1.99 | Change | 4.98% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$8.47
Mean price target
2. Current target
$1.98
Latest analyst target
3. DCF / Fair value
$-1.87
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.98
Low
$3.30
High
$18.00
Mean
$8.47
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-23 | init | Jones Trading | — → Buy | $18 |
| 2026-02-11 | main | D. Boral Capital | Buy → Buy | $11 |
| 2026-01-30 | main | D. Boral Capital | Buy → Buy | $11 |
| 2025-12-04 | main | D. Boral Capital | Buy → Buy | $11 |
| 2025-10-23 | main | D. Boral Capital | Buy → Buy | $11 |
| 2025-07-23 | main | D. Boral Capital | Buy → Buy | $2 |
| 2025-05-16 | main | D. Boral Capital | Buy → Buy | $2 |
| 2025-04-21 | main | D. Boral Capital | Buy → Buy | $2 |
| 2025-01-15 | main | D. Boral Capital | Buy → Buy | $2 |
| 2025-01-08 | main | D. Boral Capital | Buy → Buy | $2 |
| 2024-12-30 | main | D. Boral Capital | Buy → Buy | $2 |
| 2024-10-07 | init | EF Hutton | — → Buy | $2 |
- New Horizon Aircraft (NASDAQ:HOVR) Now Covered by JonesTrading - MarketBeat Mon, 23 Feb 2026 15
- New Analyst Forecast: $HOVR Given $11 Price Target | HOVR Stock News - Quiver Quantitative Wed, 11 Feb 2026 08
- We're Hopeful That New Horizon Aircraft (NASDAQ:HOVR) Will Use Its Cash Wisely - simplywall.st Mon, 02 Feb 2026 08
- Ontario composites deal to build Horizon's hybrid-electric VTOL body - Stock Titan hu, 29 Jan 2026 08
- We're Keeping An Eye On New Horizon Aircraft's (NASDAQ:HOVR) Cash Burn Rate - Yahoo Finance hu, 08 Jan 2026 08
- HOVR Stock: Will It Fly Again? - StocksToTrade ue, 18 Nov 2025 08
- New Horizon Aircraft stock falls after short seller report - Investing.com hu, 13 Nov 2025 08
- NEW HORIZON AIRCRAFT Q2 2026 Earnings Preview: Recent $HOVR Insider Trading, Hedge Fund Activity, and More - Quiver Quantitative Mon, 12 Jan 2026 08
- New Horizon Aircraft: Why I’m Investing In This Regional Air Mobility Play (NASDAQ:HOVR) - Seeking Alpha hu, 16 Oct 2025 07
- HOVR Analyst Upgrade: New Target Price Announced at $11 | HOVR S - GuruFocus Wed, 15 Oct 2025 07
- New Horizon Aircraft: A Speculative Microcap With Take-Off Potential - MarketBeat Fri, 16 Jan 2026 08
- The wing packed with 12 electric fans for Horizon’s VTOL X7 - Stock Titan ue, 10 Feb 2026 08
- Evaluating New Horizon Aircraft (HOVR) Valuation Following Pratt & Whitney Engine Partnership and Prototype Milestones - Yahoo Finance Sun, 19 Oct 2025 07
- $HOVR stock is down 18% today. Here's what we see in our data. - Quiver Quantitative ue, 18 Nov 2025 08
- Horizon Aircraft (NASDAQ:HOVR) awarded INSAT grant; $2M for CRYSTAL eVTOL with 3C, UofT - Stock Titan Fri, 24 Oct 2025 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 13482 | — | — | Stock Award(Grant) at price 0.00 per share. | NOMURA TRISHA | Director | — | 2026-02-10 00:00:00 | D |
| 1 | 7825 | — | — | Stock Award(Grant) at price 0.00 per share. | PINSENT JOHN HAROLD CHARLES | Director | — | 2026-02-10 00:00:00 | D |
| 2 | 7825 | — | — | Stock Award(Grant) at price 0.00 per share. | MARIS JOHN MICHAEL | Director | — | 2026-02-10 00:00:00 | D |
| 3 | 240000 | 879320.0 | — | Sale at price 3.42 - 3.84 per share. | ROBINSON ERIC BRANDON | Chief Executive Officer | — | 2025-10-15 00:00:00 | I |
| 4 | 46000 | 184000.0 | — | Sale at price 4.00 per share. | MERKER BRIAN FREDERICK | Chief Executive Officer | — | 2025-10-15 00:00:00 | D |
| 5 | 100000 | 372000.0 | — | Sale at price 3.72 per share. | LEE STEWART MURRAY | Officer | — | 2025-10-14 00:00:00 | D |
| 6 | 400000 | nan | — | — | ROBINSON ERIC BRANDON | Chief Executive Officer | — | 2025-09-26 00:00:00 | D |
| 7 | 57143 | nan | — | — | LEE STEWART MURRAY | Officer | — | 2025-09-26 00:00:00 | D |
| 8 | 217143 | nan | — | — | O'NEILL JASON MICHAEL | Chief Operating Officer | — | 2025-09-26 00:00:00 | D |
| 9 | 257143 | nan | — | — | MERKER BRIAN FREDERICK | Chief Financial Officer | — | 2025-09-26 00:00:00 | D |
Financials
| Line Item | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 694.95K | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.11 | 0.00 |
| NormalizedEBITDA | -10.72M | -620.00K | -7.83M | -1.07M |
| TotalUnusualItems | -2.73M | -3.95M | 6.16M | -11.94K |
| TotalUnusualItemsExcludingGoodwill | -2.73M | -3.95M | 6.16M | -11.94K |
| NetIncomeFromContinuingOperationNetMinorityInterest | 5.20M | -8.16M | 8.61M | -1.17M |
| ReconciledDepreciation | 138.00K | 56.00K | 26.95K | 24.26K |
| ReconciledCostOfRevenue | 435.96K | 613.39K | ||
| EBITDA | -13.45M | -4.57M | -1.67M | -1.07M |
| EBIT | -13.59M | -4.62M | -1.67M | -1.10M |
| NetInterestIncome | 123.00K | -163.00K | 5.22M | -74.33K |
| InterestExpense | 74.33K | 2.15K | ||
| InterestIncome | 5.22M | |||
| NormalizedIncome | 7.93M | -4.21M | 3.15M | -1.17M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 5.20M | -8.16M | 8.61M | -1.17M |
| TotalExpenses | 13.59M | 4.62M | 1.67M | 1.09M |
| TotalOperatingIncomeAsReported | -13.59M | -4.62M | -1.67M | -1.39M |
| DilutedAverageShares | 30.76M | 10.72M | 16.69M | 16.69M |
| BasicAverageShares | 25.84M | 10.72M | 16.69M | 16.69M |
| DilutedEPS | 0.17 | -0.76 | 0.52 | -0.07 |
| BasicEPS | 0.20 | -0.76 | 0.52 | -0.07 |
| DilutedNIAvailtoComStockholders | 5.20M | -8.16M | 8.61M | -1.17M |
| NetIncomeCommonStockholders | 5.20M | -8.16M | 8.61M | -1.17M |
| NetIncome | 5.20M | -8.16M | 8.61M | -1.17M |
| NetIncomeIncludingNoncontrollingInterests | 5.20M | -8.16M | 8.61M | -1.17M |
| NetIncomeContinuousOperations | 5.20M | -8.16M | 8.61M | -1.17M |
| TaxProvision | 0.00 | 0.00 | 1.10M | 0.00 |
| PretaxIncome | 5.20M | -8.16M | 9.71M | -1.17M |
| OtherIncomeExpense | 18.66M | -3.37M | 6.16M | -9.71K |
| OtherNonOperatingIncomeExpenses | 21.39M | 575.00K | -9.71K | 141.92K |
| GainOnSaleOfSecurity | -2.73M | -3.95M | 6.16M | -11.94K |
| NetNonOperatingInterestIncomeExpense | 123.00K | -163.00K | 5.22M | -74.33K |
| TotalOtherFinanceCost | -123.00K | 163.00K | ||
| InterestExpenseNonOperating | 74.33K | 2.15K | ||
| InterestIncomeNonOperating | 5.22M | |||
| OperatingIncome | -13.59M | -4.62M | -1.67M | -1.09M |
| OperatingExpense | 13.59M | 4.62M | 1.67M | 649.70K |
| OtherOperatingExpenses | 1.67M | -300.43K | ||
| ResearchAndDevelopment | 3.66M | 880.00K | 598.55K | 666.02K |
| SellingGeneralAndAdministration | 9.93M | 3.74M | 351.58K | 501.37K |
| GeneralAndAdministrativeExpense | 9.93M | 3.74M | 351.58K | 501.37K |
| OtherGandA | 9.93M | 3.74M | 296.95K | 501.37K |
| SalariesAndWages | 54.63K | 0.00 | ||
| GrossProfit | -435.96K | -613.39K | ||
| CostOfRevenue | 435.96K | 613.39K | ||
| TotalRevenue | 0.00 | 0.00 | 0.00 | 0.00 |
| OperatingRevenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Line Item | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 32.33M | 18.61M | 16.69M | 16.69M |
| ShareIssued | 32.33M | 18.61M | 16.69M | 16.69M |
| NetDebt | 158.86K | 1.25M | 211.72K | 2.07M |
| TotalDebt | 30.00K | 74.00K | 175.00K | 1.60M |
| TangibleBookValue | -3.84M | -18.09M | 115.00M | -413.49K |
| InvestedCapital | -3.69M | -17.93M | 115.17M | 1.07M |
| WorkingCapital | 6.85M | 3.33M | -864.39K | -1.24M |
| NetTangibleAssets | 2.44M | -18.09M | 115.00M | -413.49K |
| CapitalLeaseObligations | 30.00K | 74.00K | 122.50K | 180.02K |
| CommonStockEquity | -3.69M | -17.93M | 115.00M | -413.49K |
| PreferredStockEquity | 6.28M | |||
| TotalCapitalization | 2.59M | -17.93M | 115.00M | -150.36K |
| TotalEquityGrossMinorityInterest | 2.59M | -17.93M | 115.00M | -413.49K |
| StockholdersEquity | 2.59M | -17.93M | 115.00M | -413.49K |
| OtherEquityInterest | -206.00 | |||
| RetainedEarnings | -9.48M | -14.68M | -6.86M | -5.55M |
| AdditionalPaidInCapital | -78.77M | -77.66M | 0.00 | 54.63K |
| CapitalStock | 90.84M | 74.41M | 121.86M | 5.08M |
| CommonStock | 84.56M | 74.41M | 121.86M | 5.08M |
| PreferredStock | 6.28M | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 5.82M | 22.88M | 7.09M | 1.83M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 4.50M | 21.54M | 6.10M | 336.67K |
| DerivativeProductLiabilities | 4.49M | 21.51M | 2.65M | 0.00 |
| TradeandOtherPayablesNonCurrent | 3.45M | 0.00 | ||
| LongTermDebtAndCapitalLeaseObligation | 8.00K | 30.00K | 336.67K | 2.11M |
| LongTermCapitalLeaseObligation | 8.00K | 30.00K | 73.54K | 122.50K |
| LongTermDebt | 263.13K | 1.98M | ||
| CurrentLiabilities | 1.33M | 1.33M | 986.16K | 1.49M |
| CurrentDebtAndCapitalLeaseObligation | 22.00K | 44.00K | 175.00K | 1.27M |
| CurrentCapitalLeaseObligation | 22.00K | 44.00K | 48.96K | 57.52K |
| CurrentDebt | 175.00K | 1.22M | 300.00K | 90.11K |
| OtherCurrentBorrowings | 1.22M | 90.11K | ||
| CurrentNotesPayable | 175.00K | 300.00K | ||
| PensionandOtherPostRetirementBenefitPlansCurrent | 171.00K | 84.00K | ||
| PayablesAndAccruedExpenses | 1.13M | 1.21M | 811.16K | 220.34K |
| CurrentAccruedExpenses | 454.00K | 490.00K | 126.14K | 33.78K |
| Payables | 679.00K | 715.00K | 685.02K | 186.56K |
| AccountsPayable | 679.00K | 715.00K | 685.02K | 186.56K |
| TotalAssets | 8.41M | 4.94M | 122.08M | 1.41M |
| TotalNonCurrentAssets | 239.00K | 280.00K | 121.96M | 1.17M |
| OtherNonCurrentAssets | 121.96M | |||
| NonCurrentDeferredAssets | 0.00 | 971.99K | 368.80K | 894.78K |
| GoodwillAndOtherIntangibleAssets | 152.00K | 152.00K | ||
| OtherIntangibleAssets | 152.00K | 152.00K | ||
| NetPPE | 87.00K | 128.00K | 194.11K | 262.41K |
| AccumulatedDepreciation | -185.00K | -94.00K | -51.20K | -24.26K |
| GrossPPE | 272.00K | 222.00K | 245.31K | 286.66K |
| Leases | 123.00K | 17.00K | 9.67K | 9.67K |
| OtherProperties | 30.00K | 123.00K | 181.85K | 223.21K |
| MachineryFurnitureEquipment | 119.00K | 82.00K | 53.79K | 53.79K |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 8.17M | 4.66M | 121.77K | 245.48K |
| PrepaidAssets | 530.00K | 2.43M | 105.63K | 2.51K |
| Receivables | 96.00K | 417.00K | 15.00K | 0.00 |
| OtherReceivables | 417.00K | |||
| AccountsReceivable | 96.00K | 417.00K | 15.00K | 0.00 |
| CashCashEquivalentsAndShortTermInvestments | 7.55M | 1.82M | 16.14K | 227.97K |
| CashAndCashEquivalents | 7.55M | 1.82M | 16.14K | 227.97K |
| CashFinancial | 16.14K | 88.28K |
| Line Item | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| FreeCashFlow | -9.45M | -3.52M | -2.12M | -1.09M |
| RepaymentOfDebt | 0.00 | -40.00K | -300.00K | -24.18K |
| IssuanceOfDebt | 0.00 | 6.72M | 175.00K | 1.33M |
| IssuanceOfCapitalStock | 12.31M | 0.00 | 119.39M | |
| CapitalExpenditure | -142.00K | -209.00K | -77.21K | -130.57K |
| InterestPaidSupplementalData | 1.00K | 23.00K | ||
| IncomeTaxPaidSupplementalData | 0.00 | 0.00 | 1.13M | |
| EndCashPosition | 7.55M | 1.82M | 16.14K | 227.97K |
| BeginningCashPosition | 1.82M | 228.00K | 88.28K | 4.32K |
| ChangesInCash | 5.73M | 1.59M | -72.14K | 223.65K |
| FinancingCashFlow | 15.19M | 5.11M | 118.80M | 1.31M |
| CashFlowFromContinuingFinancingActivities | 15.19M | 5.11M | 118.80M | 1.31M |
| NetOtherFinancingCharges | 92.00K | -1.57M | -466.17K | |
| ProceedsFromStockOptionExercised | 2.79M | 0.00 | ||
| NetPreferredStockIssuance | 6.28M | 0.00 | ||
| PreferredStockIssuance | 6.28M | 0.00 | ||
| NetCommonStockIssuance | 6.03M | 0.00 | 119.39M | |
| CommonStockIssuance | 6.03M | 0.00 | 119.39M | |
| NetIssuancePaymentsOfDebt | 0.00 | 6.68M | -125.00K | 1.31M |
| NetShortTermDebtIssuance | 6.66M | -125.00K | 1.03M | 50.00K |
| ShortTermDebtPayments | -40.00K | -300.00K | ||
| ShortTermDebtIssuance | 6.70M | 175.00K | 1.03M | 50.00K |
| NetLongTermDebtIssuance | 0.00 | 6.68M | 0.00 | 1.31M |
| LongTermDebtPayments | 0.00 | -40.00K | -24.18K | -484.92K |
| LongTermDebtIssuance | 0.00 | 6.72M | 0.00 | 1.33M |
| InvestingCashFlow | -142.00K | -209.00K | -116.75M | -77.21K |
| CashFlowFromContinuingInvestingActivities | -142.00K | -209.00K | -116.75M | -77.21K |
| NetOtherInvestingChanges | -116.75M | |||
| NetIntangiblesPurchaseAndSale | -77.21K | -86.17K | ||
| PurchaseOfIntangibles | -77.21K | -86.17K | ||
| NetPPEPurchaseAndSale | -142.00K | -209.00K | 0.00 | -44.41K |
| PurchaseOfPPE | -142.00K | -209.00K | 0.00 | -44.41K |
| OperatingCashFlow | -9.31M | -3.31M | -2.12M | -1.01M |
| CashFlowFromContinuingOperatingActivities | -9.31M | -3.31M | -2.12M | -1.01M |
| TaxesRefundPaid | -34.55K | |||
| InterestPaidCFO | -15.94K | 0.00 | ||
| ChangeInWorkingCapital | 2.24M | 586.00K | 671.45K | -35.75K |
| ChangeInOtherWorkingCapital | 3.00K | -54.26K | -23.76K | |
| ChangeInPayablesAndAccruedExpense | 15.00K | 710.00K | 741.16K | 33.51K |
| ChangeInAccruedExpense | 51.00K | 526.00K | 56.14K | |
| ChangeInPayable | -36.00K | 184.00K | 685.02K | |
| ChangeInAccountPayable | -36.00K | 184.00K | 685.02K | |
| ChangeInPrepaidAssets | 1.90M | 278.00K | -69.71K | 0.00 |
| ChangeInReceivables | 321.00K | -402.00K | -15.00K | 0.00 |
| ChangesInAccountReceivables | 321.00K | -402.00K | -15.00K | 0.00 |
| OtherNonCashItems | 290.00K | 196.00K | -5.22M | 129.84K |
| StockBasedCompensation | 1.49M | 66.00K | 54.63K | 0.00 |
| DepreciationAmortizationDepletion | 138.00K | 56.00K | 26.95K | 24.26K |
| DepreciationAndAmortization | 138.00K | 56.00K | 26.95K | 24.26K |
| Depreciation | 138.00K | 56.00K | 26.95K | 24.26K |
| OperatingGainsLosses | -18.67M | 3.95M | -6.16M | |
| GainLossOnInvestmentSecurities | -18.67M | 3.95M | -6.16M | |
| NetIncomeFromContinuingOperations | 5.20M | -8.16M | 8.61M | -1.17M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for HOVR
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|