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New Horizon Aircraft
(NASDAQ:HOVR)
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Rating:45Neutral
Price Target:
$1.50
▼(-20.21% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance (pre-revenue with widening losses and heavy cash burn) and bearish technicals (trading below major moving averages with negative MACD). Valuation is difficult to support with a negative P/E and no dividend data. Corporate governance news is a modest positive but not enough to offset the fundamental and trend-related risks.
Positive Factors
Very low leverage and improved capitalization
Minimal debt reduces balance-sheet pressure and leaves more financial flexibility while the company develops its aircraft. The substantially improved equity base provides a stronger capitalization platform for testing, certification, and other long-duration development needs, even though returns remain negative.
Negative Factors
No reported revenue or operating commercialization
The absence of reported revenue means the business has not yet demonstrated commercial demand or operating scale. Until aircraft development converts into sales or another recurring revenue stream, financial performance remains dependent on continued funding rather than internally generated business activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage and improved capitalization
Minimal debt reduces balance-sheet pressure and leaves more financial flexibility while the company develops its aircraft. The substantially improved equity base provides a stronger capitalization platform for testing, certification, and other long-duration development needs, even though returns remain negative.
Read all positive factors
New Horizon Aircraft (HOVR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$112.77M
Dividend YieldN/A
Average Volume (3M)908.61K
Price to Earnings (P/E)―
Beta (1Y)1.64
Revenue GrowthN/A
EPS Growth-343.52%
CountryUS
Employees58
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.82
Shares Outstanding67,123,940
10 Day Avg. Volume658,204
30 Day Avg. Volume908,607
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 Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.63
Revenue Forecast (FY)$333.33K
New Horizon Aircraft Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
Publicly available, company-specific details about New Horizon Aircraft’s current revenue model and revenue breakdown are not available in the information provided here, so a definitive description of how the company makes money cannot be stated w...
New Horizon Aircraft Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | May 2026 | May 2025 | May 2024 | May 2023 | May 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -32.41M | 5.34M | -7.94M | -1.22M | -1.63M |
| Net Income | -45.71M | 5.20M | -8.16M | -1.25M | -1.65M |
Balance Sheet | |||||
| Total Assets | 115.73M | 11.54M | 4.94M | 1.41M | 1.16M |
| Cash, Cash Equivalents and Short-Term Investments | 108.12M | 10.36M | 1.82M | 227.97K | 4.32K |
| Total Debt | 99.44K | 41.16K | 74.00K | 1.60M | 2.25M |
| Total Liabilities | 17.52M | 7.99M | 22.88M | 1.83M | 2.44M |
| Stockholders Equity | 98.21M | 3.55M | -17.93M | -413.49K | -1.28M |
Cash Flow | |||||
| Free Cash Flow | -24.11M | -12.97M | -3.52M | -1.09M | -1.75M |
| Operating Cash Flow | -22.78M | -12.78M | -3.31M | -1.01M | -1.62M |
| Investing Cash Flow | -1.34M | -194.85K | -209.00K | -77.21K | -130.57K |
| Financing Cash Flow | 121.80M | 20.84M | 5.11M | 1.31M | 1.60M |
New Horizon Aircraft Technical Analysis
Negative
1.88
Price Trends
1.82
Negative
2.04
Negative
1.91
Negative
Market Momentum
-0.06
Positive
38.86
Neutral
25.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HOVR, the sentiment is Negative. The current price of 1.88 is above the 20-day moving average (MA) of 1.82, above the 50-day MA of 1.82, and below the 200-day MA of 1.91, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 38.86 is Neutral, neither overbought nor oversold. The STOCH value of 25.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HOVR.
New Horizon Aircraft Risk Analysis
New Horizon Aircraft disclosed 60 risk factors in its most recent earnings report. New Horizon Aircraft reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
New Horizon Aircraft Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $4.40B | -5.40 | -40.86% | ― | ― | 15.37% | |
50 Neutral | $773.64M | -3.63 | -221.18% | ― | ― | 1.65% | |
50 Neutral | $855.48M | 267.70 | 0.75% | ― | 62.23% | ― | |
45 Neutral | $112.77M | -2.79 | -90.30% | ― | ― | -343.52% | |
45 Neutral | $355.48M | -3.26 | -36.65% | ― | -3.42% | -3.03% | |
42 Neutral | $102.73M | 3.63 | -171.87% | ― | ― | ― |
* Industrials Sector Average
HOVR
New Horizon Aircraft
1.66
0.00
0.00%
EH
Ehang Holdings
4.80
-11.61
-70.74%
EVTL
Vertical Aerospace
0.59
-4.34
-88.05%
EVEX
Eve Holding
2.25
-1.50
-40.00%
SKYH
Sky Harbour Group
10.36
0.33
3.29%
ACHR
Archer Aviation
5.83
-2.60
-30.84%
New Horizon Aircraft Corporate Events
Business Operations and StrategyExecutive/Board Changes
New Horizon Aircraft appoints Tom Hearne to board
Positive
Sep 4, 2026
On September 2, 2026, Horizon Aircraft director Trisha Nomura notified the board of her decision to resign as a Class I director and from all board committees, including her role as Audit Committee chair, citing personal reasons and a desire to sp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.