New Horizon Aircraft (HOVR) Stock Price, News & Analysis

Company Overview

New Horizon Aircraft Ltd. is a Canadian aerospace company developing hybrid-electric vertical takeoff and landing (eVTOL) aircraft. Its technology is intended to combine the vertical takeoff and landing capabilities of a helicopter with the range and operating characteristics of a conventional aircraft.

The company’s primary aircraft is the Cavorite X5, a five-seat eVTOL designed for applications including regional transportation, air taxi services, emergency response and other utility missions. The aircraft incorporates distributed electric propulsion and a hybrid power system, with lift fans integrated into its wings to support vertical takeoff and landing before transitioning to forward flight.

New Horizon Aircraft is headquartered in Canada and has focused on developing and testing its eVTOL technology for the emerging advanced air mobility market. The company is led by Chief Executive Officer Brandon Robinson, who has been involved in the company’s aircraft development and aerospace operations.

Key Stats

• Today's Range: $1.66 to $1.71
• 50-Day Range: $1.59 to $2.04
• 52-Week Range: $1.16 to $4.18
• Volume: 277,279 shs
• Average Volume: 1.33 million shs
• Market Capitalization: $112.27 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $14.50
• Consensus Rating: Hold

New Horizon Aircraft Stock Analysis - MarketRank™

New Horizon Aircraft scored higher than 35% of companies evaluated by MarketBeat, and ranked 505th out of 666 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Hold

Consensus Rating

New Horizon Aircraft has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on no strong buy ratings, 2 buy ratings, no hold ratings, and 1 sell rating.

Upside Potential

New Horizon Aircraft has a consensus price target of $14.50, representing about 765.7% upside from its current price of $1.68.

Amount of Analyst Coverage

New Horizon Aircraft has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for New Horizon Aircraft are expected to decrease in the coming year, from ($0.34) to ($0.42) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of New Horizon Aircraft is -2.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of New Horizon Aircraft is -2.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

New Horizon Aircraft has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.57% of the float of New Horizon Aircraft has been sold short.

Short Interest Ratio / Days to Cover

New Horizon Aircraft has a short interest ratio ("days to cover") of 4.39.

Change versus previous month

Short interest in New Horizon Aircraft has recently decreased by 3.39%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

New Horizon Aircraft does not currently pay a dividend.

Dividend Growth

New Horizon Aircraft does not have a long track record of dividend growth.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

MarketBeat Follows

3 people have added New Horizon Aircraft to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.1 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, New Horizon Aircraft insiders have not sold or bought any company stock.

Percentage Held by Insiders

10.80% of the stock of New Horizon Aircraft is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

65.97% of the stock of New Horizon Aircraft is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 7/16/2026
• Today: 10/02/2026
• Next Earnings (Estimated): 10/09/2026
• Fiscal Year End: 5/31/2027

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrials
• Industry: Aerospace & Defense
• Sub-Industry: Aerospace & Defense
• Current Symbol: NASDAQ:HOVR
• Previous Symbol: NASDAQ:HOVR
• CIK: 1930021
• Web: www.horizonaircraft.com
• Phone: (613) 866-1935
• Fax: N/A
• Employees: 58
• Year Founded: 2013

Price Target and Rating

• Average Price Target for New Horizon Aircraft: $14.50
• High Price Target: $18.00
• Low Price Target: $11.00
• Potential Upside/Downside: +763.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.57)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$24 million
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -130.94%
• Return on Assets: -75.40%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 22.76
• Quick Ratio: 22.76

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.76 per share
• Price / Book: 2.21

Miscellaneous

• Outstanding Shares: 66,830,000
• Free Float: 59,609,000
• Market Cap: $112.27 million
• Optionable: N/A
• Beta: 3.83