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HOVR Stock Chart & Stats
$1.88
$0.07(3.93%)
At close: 4:00 PM EDT
$1.88
$0.07(3.93%)
Day’s Range― - ―
52-Week Range$1.16 - $3.68
Previous Close$1.85
Volume803.41K
Average Volume (3M)523.58K
Market Cap
$90.28M
Enterprise Value$63.64M
Total Cash (Recent Filing)$70.06M
Total Debt (Recent Filing)$53.00K
Price to Earnings (P/E)―
Beta2.04
Next Earnings
Jan 20, 2027EPS Estimate
-0.1Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.59
Shares Outstanding67,123,940
10 Day Avg. Volume715,386
30 Day Avg. Volume523,579
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.53
Price to Sales (P/S)0.00
P/FCF Ratio-6.24
Enterprise Value/Market Cap0.70
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-377.23
Enterprise Value/Ebitda-2.56
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.62
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
X7 Development ProgressProgress across propulsion, flight controls, avionics, landing gear, and structures indicates the program is moving from concept toward an integrated demonstrator. Reaching testing would create important technical evidence, support certification work, and improve the company’s ability to convert interest into orders.
Customer And Market InterestMultiple customer LOIs provide evidence of early demand across the target advanced-air-mobility market and could support a future commercial pipeline. Although commitments are not binding, their breadth gives the company potential scale if flight testing and certification validate the aircraft.
Low Leverage And Equity SupportVery low debt reduces refinancing and interest-rate exposure while the reported equity base provides financial capacity for continued development. This balance-sheet profile offers more flexibility than a highly leveraged structure as the company advances testing and certification.
Bears Say
Pre-Revenue Loss ProfileThe company has not yet demonstrated commercial revenue, so its operating model remains dependent on development funding rather than customer sales. Large net and operating losses could persist until certification and deliveries begin, limiting evidence of sustainable earnings power.
Heavy Cash Burn And Funding NeedsMaterial negative operating and free cash flow shows that internal cash generation is not yet funding the business. Continued aircraft development will require substantial external capital or other funding sources, creating financial pressure before revenue and cash conversion are established.
Certification And Testing UncertaintyCertification remains a multi-stage execution milestone involving completion of the certification basis, means of compliance, and flight testing. Delays could defer commercialization, prolong cash burn, and make customer LOIs harder to convert into binding production orders.
New Horizon Aircraft News
HOVR FAQ
What was New Horizon Aircraft’s price range in the past 12 months?
New Horizon Aircraft lowest stock price was $1.16 and its highest was $3.68 in the past 12 months.
What is New Horizon Aircraft’s market cap?
New Horizon Aircraft’s market cap is $90.28M.
When is New Horizon Aircraft’s upcoming earnings report date?
New Horizon Aircraft’s upcoming earnings report date is Jan 20, 2027 which is in 89 days.
How were New Horizon Aircraft’s earnings last quarter?
New Horizon Aircraft released its earnings results on Oct 09, 2026. The company reported -$0.042 earnings per share for the quarter, beating the consensus estimate of -$0.086 by $0.044.
Is New Horizon Aircraft overvalued?
According to Wall Street analysts New Horizon Aircraft’s price is currently Overvalued.
Does New Horizon Aircraft pay dividends?
New Horizon Aircraft does not currently pay dividends.
What is New Horizon Aircraft’s EPS estimate?
New Horizon Aircraft’s EPS estimate is -0.1.
How many shares outstanding does New Horizon Aircraft have?
New Horizon Aircraft has 67,123,940 shares outstanding.
What happened to New Horizon Aircraft’s price movement after its last earnings report?
New Horizon Aircraft reported an EPS of -$0.042 in its last earnings report, beating expectations of -$0.086. Following the earnings report the stock price went up 1.307%.
Which hedge fund is a major shareholder of New Horizon Aircraft?
Currently, no hedge funds are holding shares in HOVR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
New Horizon Aircraft Stock Smart Score
Underperform
1
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8
9
10
Blogger Sentiment
Bullish
HOVR Sentiment 100%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Decreased
By 478.6K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 0.8%
Last 30 Days ▼ 0.8%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-50.18%
12-Months-Change
Fundamentals
Return on Equity
-52.73%
Trailing 12-Months
Asset Growth
337.65%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
New Horizon Aircraft
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.
HOVR Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call was predominantly positive, with substantial progress on the full-scale X7 demonstrator, expanded staffing, strong liquidity, multiple customer LOIs, partner collaborations, and reported technical progress. The main negative factors were materially higher R&D spending and operating cash usage, continued development and certification uncertainty, nonbinding customer commitments, industry headwinds, and acknowledged safety and governance challenges as the company scales.View all HOVR earnings summariesTechnical Analysis
Ehang Holdings
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Vertical Aerospace
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Eve Holding
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Sky Harbour Group
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Archer Aviation
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Ownership Overview
4.55% Insiders
0.02% Mutual Funds
0.02% Other Institutional Investors
95.36% Public Companies and
Individual Investors