HOVR
New Horizon Aircraft Ltd.
Price Chart
Latest Quote
$1.57
+0.07 (+4.67%)
Current Price
| Previous Close | $1.50 |
| Open | $1.50 |
| Day High | $1.61 |
| Day Low | $1.47 |
| Volume | 1,687,025 |
Stock Information
Note: Financial values converted from CAD to USD
| Shares Outstanding | 66.83M |
| Total Debt | $10K |
| Cash Equivalents | $14.03M |
| Net Income | $-23.58M |
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Market Cap | $104.92M |
| EPS (TTM) | $-0.54 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $57.68M |
| Income | $-23.58M |
| Book/sh | $0.12 |
| Cash/sh | $0.29 |
| Employees | 30 |
Financial Ratios
| Quick Ratio | 14.04 |
| Current Ratio | 14.81 |
| Debt/Eq | 0.10 |
Returns & Margins
| ROA | -87.90% |
| ROE | -313.01% |
Ownership
| Insider Ownership | 20.51% |
| Institutional Ownership | 2.60% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -0.98 |
| P/B | 12.71 |
Analyst Data
| Recommendation | strong_buy |
| Target Price | $8.22 |
Technical Indicators
| SMA20 | $1.85 |
| SMA50 | $2.20 |
| SMA200 | $2.04 |
| RSI | 29.27 |
| ATR | 0.1468 |
| Shares Float | 35.98M |
| Short Float | 5.45% |
| Short Ratio | 1.70 |
| Volatility | 3.84 |
| Rel Volume | 1.40 |
Performance History
| Week | -10.80% |
| Month | -27.98% |
| Quarter | -11.80% |
| 6 Months | -24.88% |
| YTD | -3.68% |
| Year | +1.29% |
| 3 Years | -84.92% |
| 10 Years | -84.62% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-07-17 | $1.57 | 1,696,100 |
| 2026-07-16 | $1.50 | 4,114,200 |
| 2026-07-15 | $1.71 | 938,500 |
| 2026-07-14 | $1.73 | 407,200 |
| 2026-07-13 | $1.72 | 713,200 |
| 2026-07-10 | $1.76 | 824,000 |
| 2026-07-09 | $1.76 | 974,900 |
| 2026-07-08 | $1.68 | 1,376,500 |
| 2026-07-07 | $1.75 | 1,551,200 |
| 2026-07-06 | $1.92 | 576,000 |
| 2026-07-02 | $1.94 | 914,300 |
| 2026-07-01 | $1.99 | 697,700 |
| 2026-06-30 | $1.97 | 643,600 |
| 2026-06-29 | $1.97 | 631,100 |
| 2026-06-26 | $1.91 | 874,400 |
| 2026-06-25 | $1.88 | 1,613,400 |
| 2026-06-24 | $1.88 | 2,117,100 |
| 2026-06-23 | $2.03 | 1,004,700 |
| 2026-06-22 | $2.14 | 1,505,800 |
| 2026-06-18 | $2.22 | 1,027,100 |
About New Horizon Aircraft Ltd.
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, engages in designing and building hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It also designs and delivers 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.
đ° Latest News
New Horizon Aircraft Ltd (HOVR) Q4 2026 Earnings Call Highlights: Financial Fortitude and ...
GuruFocus.com âĸ 2026-07-16T21:00:32ZNew Horizon Aircraft Q4 Earnings Call Highlights
MarketBeat âĸ 2026-07-16T14:05:27Z
Assessing New Horizon Aircraft (HOVR) Valuation After Dual Use Certification Progress For Cavorite X7
Simply Wall St. âĸ 2026-05-26T23:12:42Z
Assessing New Horizon Aircraft (HOVR) Valuation After US$19.9 Million Equity Raise For Cavorite X7 Development
Simply Wall St. âĸ 2026-05-11T01:13:19Z
New Horizon Aircraft Ltd (HOVR) Q3 2026 Earnings Call Highlights: Strategic Partnerships and ...
GuruFocus.com âĸ 2026-04-15T07:01:05ZNew Horizon Aircraft Q3 Earnings Call Highlights
MarketBeat âĸ 2026-04-14T13:52:52Z
Hybrid eVTOLs: Fireside Chat with New Horizon Aircraft CEO Brandon Robinson
Exec Edge âĸ 2026-04-07T20:59:49Z
New Horizon Aircraft Q2 Earnings Call Highlights
MarketBeat âĸ 2026-01-16T18:33:30Z
New Horizon Aircraft: A Speculative Microcap With Take-Off Potential
MarketBeat âĸ 2026-01-16T14:24:00Z
New Horizon Aircraft Ltd (HOVR) Q2 2026 Earnings Call Highlights: Strong Liquidity and ...
GuruFocus.com âĸ 2026-01-14T21:00:45Z
Period:
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Income Statement (Annual)
| Metric | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $0 | $0 | $0 | $0 |
| Operating Revenue | $0 | $0 | $0 | $0 |
| Reconciled Cost Of Revenue | - | - | - | $310,517 |
| Cost Of Revenue | - | - | - | $310,517 |
| Expenses | ||||
| Total Expenses | $9,676,064 | $3,293,494 | $1,186,891 | $773,269 |
| Other Income Expense | $13,292,212 | $-2,402,456 | $4,387,527 | $-6,915 |
| Other Non Operating Income Expenses | $15,235,259 | $409,550 | - | $-6,915 |
| Net Non Operating Interest Income Expense | $87,608 | $-116,099 | $3,715,452 | $-52,942 |
| Total Other Finance Cost | $-87,608 | $116,099 | - | - |
| Operating Expense | $9,676,064 | $3,293,494 | $1,186,891 | $462,752 |
| General And Administrative Expense | $7,069,189 | $2,666,705 | - | $250,415 |
| Other Operating Expenses | - | - | $1,186,891 | $-213,987 |
| Interest Expense | - | - | - | $52,942 |
| Interest Expense Non Operating | - | - | - | $52,942 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $3,703,756 | $-5,812,048 | $6,135,844 | $-833,126 |
| Net Interest Income | $87,608 | $-116,099 | $3,715,452 | $-52,942 |
| Normalized Income | $5,646,804 | $-3,000,043 | $2,243,300 | $-833,126 |
| Net Income From Continuing And Discontinued Operation | $3,703,756 | $-5,812,048 | $6,135,844 | $-833,126 |
| Total Operating Income As Reported | $-9,676,064 | $-3,293,494 | $-1,186,891 | $-987,256 |
| Net Income Common Stockholders | $3,703,756 | $-5,812,048 | $6,135,844 | $-833,126 |
| Net Income | $3,703,756 | $-5,812,048 | $6,135,844 | $-833,126 |
| Net Income Including Noncontrolling Interests | $3,703,756 | $-5,812,048 | $6,135,844 | $-833,126 |
| Net Income Continuous Operations | $3,703,756 | $-5,812,048 | $6,135,844 | $-833,126 |
| Pretax Income | $3,703,756 | $-5,812,048 | $6,916,088 | $-833,126 |
| Operating Income | $-9,676,064 | $-3,293,494 | $-1,186,891 | $-773,269 |
| Interest Income | - | - | $3,715,452 | - |
| Interest Income Non Operating | - | - | $3,715,452 | - |
| Gross Profit | - | - | - | $-310,517 |
| Per Share | ||||
| Diluted EPS | $0.12 | $-0.54 | $0.37 | $-0.05 |
| Basic EPS | $0.14 | $-0.54 | $0.37 | $-0.05 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $494,983 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-7,634,724 | $-441,602 | $-5,574,418 | $-760,992 |
| Total Unusual Items | $-1,943,048 | $-2,812,006 | $4,387,527 | - |
| Total Unusual Items Excluding Goodwill | $-1,943,048 | $-2,812,006 | $4,387,527 | - |
| Reconciled Depreciation | $98,292 | $39,887 | - | $19,193 |
| EBITDA (Bullshit earnings) | $-9,577,772 | $-3,253,608 | $-1,186,891 | $-760,992 |
| EBIT | $-9,676,064 | $-3,293,494 | $-1,186,891 | $-780,184 |
| Diluted Average Shares | $21,909,247 | $7,633,569 | $11,889,487 | $11,889,487 |
| Basic Average Shares | $18,407,812 | $7,633,569 | $11,889,487 | $11,889,487 |
| Diluted NI Availto Com Stockholders | $3,703,756 | $-5,812,048 | $6,135,844 | $-833,126 |
| Tax Provision | $0 | $0 | $780,245 | $0 |
| Gain On Sale Of Security | $-1,943,048 | $-2,812,006 | $4,387,527 | - |
| Research And Development | $2,606,875 | $626,790 | - | $426,324 |
| Selling General And Administration | $7,069,189 | $2,666,705 | - | $250,415 |
| Other Gand A | $7,069,189 | $2,666,705 | - | $211,503 |
| Salaries And Wages | - | - | - | $38,912 |
Fetched: 2026-07-15
Balance Sheet (Annual)
| Metric | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $1,736,492 | $-12,881,237 | $81,907,884 | $-294,514 |
| Total Assets | $5,991,538 | $3,521,418 | $86,955,077 | $1,005,410 |
| Total Non Current Assets | $170,230 | $199,433 | $86,868,344 | $830,565 |
| Goodwill And Other Intangible Assets | $108,264 | $108,264 | - | - |
| Other Intangible Assets | $108,264 | $108,264 | - | - |
| Current Assets | $5,821,308 | $3,321,985 | $86,733 | $174,844 |
| Prepaid Assets | $377,498 | $1,731,506 | $75,238 | $1,787 |
| Receivables | $68,377 | $297,013 | - | $10,684 |
| Accounts Receivable | $68,377 | $297,013 | - | $10,684 |
| Cash Cash Equivalents And Short Term Investments | $5,375,433 | $1,293,466 | $11,494 | $162,373 |
| Cash And Cash Equivalents | $5,375,433 | $1,293,466 | $11,494 | $162,373 |
| Other Receivables | - | $297,013 | - | - |
| Other Non Current Assets | - | - | $86,868,344 | - |
| Non Current Deferred Assets | - | - | $0 | $692,311 |
| Cash Financial | - | - | $11,494 | - |
| Debt | ||||
| Total Debt | $21,368 | $52,707 | $124,646 | $1,142,983 |
| Long Term Debt And Capital Lease Obligation | $5,698 | $21,368 | - | $239,795 |
| Current Debt And Capital Lease Obligation | $15,670 | $31,339 | $124,646 | $903,189 |
| Net Debt | - | - | $113,151 | $893,361 |
| Current Debt | - | - | $124,646 | $868,316 |
| Long Term Debt | - | - | - | $187,418 |
| Other Current Borrowings | - | - | - | $868,316 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $4,146,783 | $16,294,391 | $5,047,193 | $1,299,924 |
| Total Non Current Liabilities Net Minority Interest | $3,202,325 | $15,344,948 | $4,344,791 | $239,795 |
| Derivative Product Liabilities | $3,196,627 | $15,323,580 | $1,887,491 | - |
| Current Liabilities | $944,458 | $949,444 | $702,402 | $1,060,129 |
| Payables And Accrued Expenses | $806,992 | $858,274 | $577,756 | $156,940 |
| Payables | $483,625 | $509,267 | $487,911 | $132,879 |
| Accounts Payable | $483,625 | $509,267 | $487,911 | $132,879 |
| Tradeand Other Payables Non Current | - | - | $2,457,300 | - |
| Current Notes Payable | - | - | $124,646 | - |
| Equity | ||||
| Common Stock Equity | $-2,626,106 | $-12,772,974 | $81,907,884 | $-294,514 |
| Preferred Stock Equity | $4,470,861 | - | - | - |
| Total Equity Gross Minority Interest | $1,844,756 | $-12,772,974 | $81,907,884 | $-294,514 |
| Stockholders Equity | $1,844,756 | $-12,772,974 | $81,907,884 | $-294,514 |
| Retained Earnings | $-6,754,370 | $-10,458,126 | $-4,889,634 | $-3,953,855 |
| Other Equity Interest | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $23,024,337 | $13,253,701 | $11,889,487 | $11,889,487 |
| Share Issued | $23,024,337 | $13,253,701 | $11,889,487 | $11,889,487 |
| Tangible Book Value | $-2,734,369 | $-12,881,237 | $81,907,884 | $-294,514 |
| Invested Capital | $-2,626,106 | $-12,772,974 | $82,032,530 | $761,220 |
| Working Capital | $4,876,850 | $2,372,541 | $-615,669 | $-885,285 |
| Capital Lease Obligations | $21,368 | $52,707 | - | $87,249 |
| Total Capitalization | $1,844,756 | $-12,772,974 | $81,907,884 | $-107,096 |
| Additional Paid In Capital | $-56,101,937 | $-55,311,328 | $0 | $38,912 |
| Capital Stock | $64,701,062 | $52,996,480 | $86,797,518 | $3,620,428 |
| Common Stock | $60,230,201 | $52,996,480 | $86,797,518 | $3,620,428 |
| Preferred Stock | $4,470,861 | $0 | $0 | - |
| Long Term Capital Lease Obligation | $5,698 | $21,368 | - | $52,377 |
| Current Capital Lease Obligation | $15,670 | $31,339 | - | $34,872 |
| Pensionand Other Post Retirement Benefit Plans Current | $121,797 | $59,830 | - | - |
| Current Accrued Expenses | $323,366 | $349,008 | $89,845 | $24,061 |
| Net PPE | $61,967 | $91,169 | - | $138,254 |
| Accumulated Depreciation | $-131,768 | $-66,953 | - | $-36,469 |
| Gross PPE | $193,735 | $158,122 | - | $174,723 |
| Leases | $87,608 | $12,108 | - | $6,885 |
| Other Properties | $21,368 | $87,608 | - | $129,527 |
| Machinery Furniture Equipment | $84,759 | $58,405 | - | $38,312 |
| Properties | $0 | $0 | - | $0 |
Fetched: 2026-07-15
Cash Flow Statement (Annual)
| Metric | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-6,733,714 | $-2,505,021 | $-1,513,499 | $-774,350 |
| Operating Activities | ||||
| Operating Cash Flow | $-6,632,573 | $-2,356,159 | $-1,513,499 | $-719,359 |
| Cash Flow From Continuing Operating Activities | $-6,632,573 | $-2,356,159 | $-1,513,499 | $-719,359 |
| Operating Gains Losses | $-13,299,334 | $2,812,006 | $-4,387,527 | - |
| Investing Activities | ||||
| Capital Expenditure | $-101,141 | $-148,863 | - | $-54,992 |
| Investing Cash Flow | $-101,141 | $-148,863 | $-83,152,892 | $-54,992 |
| Cash Flow From Continuing Investing Activities | $-101,141 | $-148,863 | $-83,152,892 | $-54,992 |
| Net Other Investing Changes | - | - | $-83,152,892 | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $8,765,082 | $0 | $85,036,078 | - |
| Financing Cash Flow | $10,815,681 | $3,636,092 | $84,615,009 | $933,645 |
| Cash Flow From Continuing Financing Activities | $10,815,681 | $3,636,092 | $84,615,009 | $933,645 |
| Net Other Financing Charges | $65,528 | $-1,120,386 | $-332,037 | - |
| Net Preferred Stock Issuance | $4,470,861 | $0 | - | - |
| Preferred Stock Issuance | $4,470,861 | $0 | - | - |
| Net Common Stock Issuance | $4,294,221 | $0 | $85,036,078 | - |
| Common Stock Issuance | $4,294,221 | $0 | $85,036,078 | - |
| Other | ||||
| Repayment Of Debt | $0 | $-28,490 | $-213,678 | $-17,223 |
| Issuance Of Debt | $0 | $4,784,968 | $124,646 | $950,868 |
| Interest Paid Supplemental Data | $712 | $16,382 | - | - |
| Income Tax Paid Supplemental Data | $0 | $0 | $804,855 | - |
| End Cash Position | $5,375,433 | $1,293,466 | $11,494 | $162,373 |
| Beginning Cash Position | $1,293,466 | $162,395 | $62,876 | $3,078 |
| Changes In Cash | $4,081,967 | $1,131,070 | $-51,382 | $159,295 |
| Proceeds From Stock Option Exercised | $1,985,071 | $0 | - | - |
| Net Issuance Payments Of Debt | $0 | $4,756,478 | $-89,033 | $933,645 |
| Net Long Term Debt Issuance | $0 | $4,756,478 | $0 | $933,645 |
| Long Term Debt Payments | $0 | $-28,490 | - | $-17,223 |
| Long Term Debt Issuance | $0 | $4,784,968 | $0 | $950,868 |
| Net PPE Purchase And Sale | $-101,141 | $-148,863 | - | $0 |
| Purchase Of PPE | $-101,141 | $-148,863 | - | $0 |
| Change In Working Capital | $1,595,464 | $417,385 | $478,247 | $-25,462 |
| Change In Other Working Capital | $2,137 | - | - | $-38,649 |
| Change In Payables And Accrued Expense | $10,684 | $505,705 | $527,898 | $23,871 |
| Change In Accrued Expense | $36,325 | $374,649 | $39,986 | - |
| Change In Payable | $-25,641 | $131,056 | $487,911 | - |
| Change In Account Payable | $-25,641 | $131,056 | $487,911 | - |
| Change In Prepaid Assets | $1,354,008 | $198,009 | $-49,651 | $0 |
| Change In Receivables | $228,636 | $-286,329 | - | $-10,684 |
| Changes In Account Receivables | $228,636 | $-286,329 | - | $-10,684 |
| Other Non Cash Items | $206,556 | $139,603 | $-3,715,452 | $92,480 |
| Stock Based Compensation | $1,062,693 | $47,009 | - | $38,912 |
| Depreciation Amortization Depletion | $98,292 | $39,887 | - | $19,193 |
| Depreciation And Amortization | $98,292 | $39,887 | - | $19,193 |
| Depreciation | $98,292 | $39,887 | - | $19,193 |
| Gain Loss On Investment Securities | $-13,299,334 | $2,812,006 | $-4,387,527 | - |
| Net Income From Continuing Operations | $3,703,756 | $-5,812,048 | $6,135,844 | $-833,126 |
| Net Short Term Debt Issuance | - | $4,743,657 | $-89,033 | $737,190 |
| Short Term Debt Payments | - | $-28,490 | $-213,678 | - |
| Short Term Debt Issuance | - | $4,772,148 | $124,646 | $737,190 |
| Taxes Refund Paid | - | - | $-24,610 | - |
| Net Intangibles Purchase And Sale | - | - | - | $-54,992 |
| Purchase Of Intangibles | - | - | - | $-54,992 |
| Interest Paid Cfo | - | - | - | $-11,356 |
Fetched: 2026-07-15