Symbols / HOVR Stock $1.91 +7.30% New Horizon Aircraft Ltd.

Industrials • Aerospace & Defense • Canada • NCM
HOVR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: SMA 50: SMA 200:
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Aerospace & Defense
CEO Mr. Eric Brandon Robinson
Exch · Country NCM · Canada
Market Cap 86.45M
Enterprise Value 73.07M
Income -33.06M
Sales
FCF (ttm) -6.98M
Book/sh 0.13
Cash/sh 0.43
Employees 30
Insider 10d
IPO Apr 03, 2023
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E
Forward P/E -2.11
PEG
P/S
P/B 14.92
P/C
EV/EBITDA -3.26
EV/Sales
Quick Ratio 14.04
Current Ratio 14.81
Debt/Eq 0.10
LT Debt/Eq
EPS (ttm) -0.68
EPS next Y -0.90
EPS Growth
Revenue Growth
EPS Gr Q/Q
Rev Gr Q/Q
Earnings (next) 2026-04-14
Earnings (prior) 2026-04-14
ROA -87.90%
ROE -3.13%
ROIC
Gross Margin 0.00%
Oper. Margin 0.00%
Profit Margin 0.00%
Shs Outstand 45.26M
Shs Float 32.39M
Insider Own 29.45%
Instit Own 2.78%
Short Float 5.18%
Short Ratio 2.52
Short Interest 1.93M
52W High 4.18
vs 52W High -54.31%
52W Low 0.45
vs 52W Low 324.44%
Beta 3.14
Impl. Vol.
Rel Volume 1.15
Avg Volume 683.71K
Volume 784.39K
Target (mean) $8.52
Tgt Median $5.60
Tgt Low $3.27
Tgt High $18.09
# Analysts 5
Recom Strong_buy
Prev Close $1.78
Price $1.91
Change 7.30%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.91
Low
$3.27
High
$18.09
Mean
$8.52

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-14 main D. Boral Capital Buy → Buy $11
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
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-10 NOMURA TRISHA Director 13,482 $0.00 $0
2026-02-10 PINSENT JOHN HAROLD CHARLES Director 7,825 $0.00 $0
2026-02-10 MARIS JOHN MICHAEL Director 7,825 $0.00 $0
2025-10-15 ROBINSON ERIC BRANDON Chief Executive Officer 240,000 $3.42 $879,320
2025-10-15 MERKER BRIAN FREDERICK Chief Executive Officer 46,000 $4.00 $184,000
2025-10-14 LEE STEWART MURRAY Officer 100,000 $3.72 $372,000
2025-09-26 ROBINSON ERIC BRANDON Chief Executive Officer 400,000
2025-09-26 LEE STEWART MURRAY Officer 57,143
2025-09-26 O'NEILL JASON MICHAEL Chief Operating Officer 217,143
2025-09-26 MERKER BRIAN FREDERICK Chief Financial Officer 257,143
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-05-31 2024-05-31 2023-12-31 2023-05-31
Total Revenue
0.00
0.00
0.00
0.00
Operating Revenue
0.00
0.00
0.00
0.00
Cost Of Revenue
0.44
Reconciled Cost Of Revenue
0.44
Gross Profit
-0.44
Operating Expense
13.59
+193.79%
4.62
+177.49%
1.67
+156.49%
0.65
Research And Development
3.66
+315.91%
0.88
0.60
Selling General And Administration
9.93
+165.09%
3.74
0.35
General And Administrative Expense
9.93
+165.09%
3.74
0.35
Salaries And Wages
0.05
Other Gand A
9.93
+165.09%
3.74
0.30
Other Operating Expenses
1.67
+654.65%
-0.30
Total Expenses
13.59
+193.79%
4.62
+177.49%
1.67
+53.49%
1.09
Operating Income
-13.59
-193.79%
-4.62
-177.49%
-1.67
-53.49%
-1.09
Total Operating Income As Reported
-13.59
-193.79%
-4.62
-177.49%
-1.67
-20.22%
-1.39
EBITDA
-13.45
-194.37%
-4.57
-174.13%
-1.67
-55.97%
-1.07
Normalized EBITDA
-10.72
-1628.87%
-0.62
+92.08%
-7.83
-632.52%
-1.07
Reconciled Depreciation
0.14
+146.43%
0.06
0.03
EBIT
-13.59
-193.79%
-4.62
-177.49%
-1.67
-52.13%
-1.10
Total Unusual Items
-2.73
+30.90%
-3.95
-164.09%
6.16
Total Unusual Items Excluding Goodwill
-2.73
+30.90%
-3.95
-164.09%
6.16
Net Income
5.20
+163.73%
-8.16
-194.72%
8.61
+836.48%
-1.17
Pretax Income
5.20
+163.73%
-8.16
-184.04%
9.71
+930.14%
-1.17
Net Non Operating Interest Income Expense
0.12
+175.46%
-0.16
-103.12%
5.22
+7118.02%
-0.07
Interest Expense Non Operating
0.07
Net Interest Income
0.12
+175.46%
-0.16
-103.12%
5.22
+7118.02%
-0.07
Interest Expense
0.07
Interest Income Non Operating
5.22
Interest Income
5.22
Other Income Expense
18.66
+653.28%
-3.37
-154.76%
6.16
+63546.29%
-0.01
Other Non Operating Income Expenses
21.39
+3620.00%
0.57
-0.01
Gain On Sale Of Security
-2.73
+30.90%
-3.95
-164.09%
6.16
Tax Provision
0.00
0.00
-100.00%
1.10
0.00
Tax Rate For Calcs
0.00
0.00
-100.00%
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
-100.00%
0.69
0.00
Net Income Including Noncontrolling Interests
5.20
+163.73%
-8.16
-194.72%
8.61
+836.48%
-1.17
Net Income From Continuing Operation Net Minority Interest
5.20
+163.73%
-8.16
-194.72%
8.61
+836.48%
-1.17
Net Income From Continuing And Discontinued Operation
5.20
+163.73%
-8.16
-194.72%
8.61
+836.48%
-1.17
Net Income Continuous Operations
5.20
+163.73%
-8.16
-194.72%
8.61
+836.48%
-1.17
Normalized Income
7.93
+288.22%
-4.21
-233.73%
3.15
+369.26%
-1.17
Net Income Common Stockholders
5.20
+163.73%
-8.16
-194.72%
8.61
+836.48%
-1.17
Diluted EPS
0.17
+122.37%
-0.76
-247.27%
0.52
+836.49%
-0.07
Basic EPS
0.20
+126.32%
-0.76
-247.27%
0.52
+836.49%
-0.07
Basic Average Shares
25.84
+141.14%
10.72
-35.80%
16.69
+0.00%
16.69
Diluted Average Shares
30.76
+187.01%
10.72
-35.80%
16.69
+0.00%
16.69
Diluted NI Availto Com Stockholders
5.20
+163.73%
-8.16
-194.72%
8.61
+836.48%
-1.17
Total Other Finance Cost
-0.12
-175.46%
0.16
Line Item Trend 2025-05-31 2024-05-31 2023-12-31 2023-05-31
Total Assets
8.41
+70.15%
4.94
-95.95%
122.08
+8548.72%
1.41
Current Assets
8.17
+75.24%
4.66
+3730.14%
0.12
-50.39%
0.25
Cash Cash Equivalents And Short Term Investments
7.55
+315.58%
1.82
+11152.94%
0.02
-92.92%
0.23
Cash And Cash Equivalents
7.55
+315.58%
1.82
+11152.94%
0.02
-92.92%
0.23
Cash Financial
0.02
Receivables
0.10
-76.98%
0.42
0.01
Accounts Receivable
0.10
-76.98%
0.42
0.01
Other Receivables
0.42
Prepaid Assets
0.53
-78.20%
2.43
+2201.36%
0.11
+4110.16%
0.00
Total Non Current Assets
0.24
-14.64%
0.28
-99.77%
121.96
+10358.94%
1.17
Net PPE
0.09
-32.03%
0.13
0.19
Gross PPE
0.27
+22.52%
0.22
0.25
Accumulated Depreciation
-0.18
-96.81%
-0.09
-0.05
Properties
0.00
0.00
0.00
Machinery Furniture Equipment
0.12
+45.12%
0.08
0.05
Other Properties
0.03
-75.61%
0.12
0.18
Leases
0.12
+623.53%
0.02
0.01
Goodwill And Other Intangible Assets
0.15
+0.00%
0.15
Other Intangible Assets
0.15
+0.00%
0.15
Non Current Deferred Assets
0.00
-100.00%
0.97
Other Non Current Assets
121.96
Total Liabilities Net Minority Interest
5.82
-74.55%
22.88
+222.84%
7.09
+288.27%
1.83
Current Liabilities
1.33
-0.53%
1.33
+35.17%
0.99
-33.74%
1.49
Payables And Accrued Expenses
1.13
-5.98%
1.21
+48.55%
0.81
+268.14%
0.22
Payables
0.68
-5.03%
0.71
+4.38%
0.69
+267.18%
0.19
Accounts Payable
0.68
-5.03%
0.71
+4.38%
0.69
+267.18%
0.19
Current Accrued Expenses
0.45
-7.35%
0.49
+288.46%
0.13
+273.41%
0.03
Pensionand Other Post Retirement Benefit Plans Current
0.17
+103.57%
0.08
Current Debt And Capital Lease Obligation
0.02
-50.00%
0.04
-74.86%
0.17
-86.20%
1.27
Current Debt
0.17
-85.65%
1.22
Other Current Borrowings
1.22
Current Capital Lease Obligation
0.02
-50.00%
0.04
0.05
Total Non Current Liabilities Net Minority Interest
4.50
-79.13%
21.54
+253.18%
6.10
+1711.88%
0.34
Long Term Debt And Capital Lease Obligation
0.01
-73.33%
0.03
0.34
Long Term Debt
0.26
Long Term Capital Lease Obligation
0.01
-73.33%
0.03
0.07
Tradeand Other Payables Non Current
3.45
Stockholders Equity
2.59
+114.44%
-17.93
-115.59%
115.00
+27911.19%
-0.41
Common Stock Equity
-3.69
+79.44%
-17.93
-115.59%
115.00
+27911.19%
-0.41
Capital Stock
90.84
+22.09%
74.41
-38.94%
121.86
+2297.44%
5.08
Common Stock
84.56
+13.65%
74.41
-38.94%
121.86
+2297.44%
5.08
Preferred Stock
6.28
0.00
0.00
Share Issued
32.33
+73.72%
18.61
+11.47%
16.69
+0.00%
16.69
Ordinary Shares Number
32.33
+73.72%
18.61
+11.47%
16.69
+0.00%
16.69
Additional Paid In Capital
-78.77
-1.43%
-77.66
0.00
-100.00%
0.05
Retained Earnings
-9.48
+35.42%
-14.68
-113.88%
-6.86
-23.67%
-5.55
Total Equity Gross Minority Interest
2.59
+114.44%
-17.93
-115.59%
115.00
+27911.19%
-0.41
Total Capitalization
2.59
+114.44%
-17.93
-115.59%
115.00
+76580.63%
-0.15
Working Capital
6.85
+105.55%
3.33
+485.36%
-0.86
+30.46%
-1.24
Invested Capital
-3.69
+79.44%
-17.93
-115.57%
115.17
+10676.45%
1.07
Total Debt
0.03
-59.46%
0.07
-57.71%
0.17
-89.09%
1.60
Net Debt
0.16
-87.33%
1.25
Capital Lease Obligations
0.03
-59.46%
0.07
0.12
Net Tangible Assets
2.44
+113.48%
-18.09
-115.73%
115.00
+27911.19%
-0.41
Tangible Book Value
-3.84
+78.77%
-18.09
-115.73%
115.00
+27911.19%
-0.41
Current Notes Payable
0.17
Derivative Product Liabilities
4.49
-79.14%
21.51
+711.85%
2.65
Other Equity Interest
Preferred Stock Equity
6.28
Line Item Trend 2025-05-31 2024-05-31 2023-12-31 2023-05-31
Operating Cash Flow
-9.31
-181.50%
-3.31
-55.68%
-2.12
-110.40%
-1.01
Cash Flow From Continuing Operating Activities
-9.31
-181.50%
-3.31
-55.68%
-2.12
-110.40%
-1.01
Net Income From Continuing Operations
5.20
+163.73%
-8.16
-194.72%
8.61
+836.48%
-1.17
Depreciation Amortization Depletion
0.14
+146.43%
0.06
0.03
Depreciation
0.14
+146.43%
0.06
0.03
Depreciation And Amortization
0.14
+146.43%
0.06
0.03
Other Non Cash Items
0.29
+47.96%
0.20
+103.76%
-5.22
-4117.58%
0.13
Stock Based Compensation
1.49
+2160.61%
0.07
0.05
Operating Gains Losses
-18.67
-572.95%
3.95
+164.09%
-6.16
Gain Loss On Investment Securities
-18.67
-572.95%
3.95
+164.09%
-6.16
Change In Working Capital
2.24
+282.25%
0.59
-12.73%
0.67
+1978.28%
-0.04
Change In Receivables
0.32
+179.85%
-0.40
-0.01
Changes In Account Receivables
0.32
+179.85%
-0.40
-0.01
Change In Prepaid Assets
1.90
+583.81%
0.28
+498.80%
-0.07
0.00
Change In Payables And Accrued Expense
0.01
-97.89%
0.71
-4.20%
0.74
+2111.49%
0.03
Change In Accrued Expense
0.05
-90.30%
0.53
+836.94%
0.06
Change In Payable
-0.04
-119.57%
0.18
-73.14%
0.69
Change In Account Payable
-0.04
-119.57%
0.18
-73.14%
0.69
Change In Other Working Capital
0.00
-0.05
Investing Cash Flow
-0.14
+32.06%
-0.21
+99.82%
-116.75
-151110.38%
-0.08
Cash Flow From Continuing Investing Activities
-0.14
+32.06%
-0.21
+99.82%
-116.75
-151110.38%
-0.08
Net PPE Purchase And Sale
-0.14
+32.06%
-0.21
0.00
Purchase Of PPE
-0.14
+32.06%
-0.21
0.00
Capital Expenditure
-0.14
+32.06%
-0.21
-0.08
Net Intangibles Purchase And Sale
-0.08
Purchase Of Intangibles
-0.08
Net Other Investing Changes
-116.75
Financing Cash Flow
15.19
+197.45%
5.11
-95.70%
118.80
+8962.87%
1.31
Cash Flow From Continuing Financing Activities
15.19
+197.45%
5.11
-95.70%
118.80
+8962.87%
1.31
Net Issuance Payments Of Debt
0.00
-100.00%
6.68
+5442.40%
-0.12
-109.54%
1.31
Issuance Of Debt
0.00
-100.00%
6.72
+3738.86%
0.17
-86.89%
1.33
Repayment Of Debt
0.00
+100.00%
-0.04
+86.67%
-0.30
-1140.64%
-0.02
Long Term Debt Issuance
0.00
-100.00%
6.72
0.00
-100.00%
1.33
Long Term Debt Payments
0.00
+100.00%
-0.04
-0.02
Net Long Term Debt Issuance
0.00
-100.00%
6.68
0.00
-100.00%
1.31
Short Term Debt Issuance
6.70
+3728.57%
0.17
-83.09%
1.03
Short Term Debt Payments
-0.04
+86.67%
-0.30
Net Short Term Debt Issuance
6.66
+5428.00%
-0.12
-112.08%
1.03
Net Common Stock Issuance
6.03
0.00
-100.00%
119.39
Proceeds From Stock Option Exercised
2.79
0.00
Net Other Financing Charges
0.09
+105.85%
-1.57
-237.43%
-0.47
Changes In Cash
5.73
+260.89%
1.59
+2301.31%
-0.07
-132.26%
0.22
Beginning Cash Position
1.82
+696.49%
0.23
+158.28%
0.09
+1942.50%
0.00
End Cash Position
7.55
+315.58%
1.82
+11152.94%
0.02
-92.92%
0.23
Free Cash Flow
-9.45
-168.81%
-3.52
-65.51%
-2.12
-95.45%
-1.09
Interest Paid Supplemental Data
0.00
-95.65%
0.02
Income Tax Paid Supplemental Data
0.00
0.00
-100.00%
1.13
Common Stock Issuance
6.03
0.00
-100.00%
119.39
Interest Paid CFO
-0.02
Issuance Of Capital Stock
12.31
0.00
-100.00%
119.39
Net Preferred Stock Issuance
6.28
0.00
Preferred Stock Issuance
6.28
0.00
Taxes Refund Paid
-0.03
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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