HOVR
New Horizon Aircraft Ltd.
Price Chart
Latest Quote
$1.88
-0.15 (-7.39%)
Current Price
| Previous Close | $2.03 |
| Open | $2.02 |
| Day High | $2.02 |
| Day Low | $1.87 |
| Volume | 2,095,736 |
Stock Information
Note: Financial values converted from CAD to USD
| Shares Outstanding | 61.76M |
| Total Debt | $10K |
| Cash Equivalents | $13.82M |
| Net Income | $-23.23M |
| Sector | Industrials |
| Industry | Aerospace & Defense |
| Market Cap | $116.11M |
| EPS (TTM) | $-0.66 |
| Exchange | NCM |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $72.39M |
| Income | $-23.23M |
| Book/sh | $0.12 |
| Cash/sh | $0.32 |
| 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 | 21.55% |
| Institutional Ownership | 2.75% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | -1.72 |
| P/B | 15.23 |
Analyst Data
| Recommendation | none |
| Target Price | $8.05 |
Technical Indicators
| SMA20 | $2.33 |
| SMA50 | $2.25 |
| SMA200 | $2.06 |
| RSI | 30.00 |
| ATR | 0.1846 |
| Shares Float | 35.84M |
| Short Float | 5.40% |
| Short Ratio | 0.76 |
| Volatility | 3.69 |
| Rel Volume | 0.84 |
Performance History
| Week | -13.76% |
| Month | -40.13% |
| Quarter | +26.17% |
| 6 Months | +11.24% |
| YTD | +15.34% |
| Year | -6.47% |
| 3 Years | -81.99% |
| 10 Years | -81.59% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $1.88 | 2,095,736 |
| 2026-06-23 | $2.03 | 1,004,700 |
| 2026-06-22 | $2.14 | 1,505,800 |
| 2026-06-18 | $2.22 | 1,027,100 |
| 2026-06-17 | $2.19 | 1,047,000 |
| 2026-06-16 | $2.18 | 1,183,500 |
| 2026-06-15 | $2.26 | 1,060,600 |
| 2026-06-12 | $2.19 | 1,147,000 |
| 2026-06-11 | $2.26 | 1,277,200 |
| 2026-06-10 | $2.07 | 1,602,400 |
| 2026-06-09 | $2.26 | 1,760,600 |
| 2026-06-08 | $2.26 | 1,171,600 |
| 2026-06-05 | $2.26 | 2,690,500 |
| 2026-06-04 | $2.49 | 1,887,200 |
| 2026-06-03 | $2.40 | 2,430,600 |
| 2026-06-02 | $2.52 | 2,676,100 |
| 2026-06-01 | $2.53 | 6,860,400 |
| 2026-05-29 | $2.92 | 4,920,900 |
| 2026-05-28 | $2.84 | 3,431,000 |
| 2026-05-27 | $2.76 | 8,923,200 |
| 2026-05-26 | $2.97 | 13,038,500 |
About New Horizon Aircraft Ltd.
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.
đ° Latest News
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 2026-01-14T21:00:45ZWe're Keeping An Eye On New Horizon Aircraft's (NASDAQ:HOVR) Cash Burn Rate
Simply Wall St. âĸ 2026-01-08T16:13:48Z
Horizon Aircraft (HOVR) Partners With Motion Applied to Advance Cavorite X7 Program
Insider Monkey âĸ 2026-01-03T11:19:42Z
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 | - | - | - | $308,296 |
| Cost Of Revenue | - | - | - | $308,296 |
| Expenses | ||||
| Total Expenses | $9,606,884 | $3,269,947 | $1,178,405 | $767,740 |
| Other Income Expense | $13,197,179 | $-2,385,279 | $4,356,158 | $-6,866 |
| Other Non Operating Income Expenses | $15,126,334 | $406,622 | - | $-6,866 |
| Net Non Operating Interest Income Expense | $86,982 | $-115,268 | $3,688,889 | $-52,563 |
| Total Other Finance Cost | $-86,982 | $115,268 | - | - |
| Operating Expense | $9,606,884 | $3,269,947 | $1,178,405 | $459,444 |
| General And Administrative Expense | $7,018,647 | $2,647,639 | - | $248,625 |
| Other Operating Expenses | - | - | $1,178,405 | $-212,457 |
| Interest Expense | - | - | - | $52,563 |
| Interest Expense Non Operating | - | - | - | $52,563 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $3,677,276 | $-5,770,495 | $6,091,975 | $-827,169 |
| Net Interest Income | $86,982 | $-115,268 | $3,688,889 | $-52,563 |
| Normalized Income | $5,606,432 | $-2,978,594 | $2,227,261 | $-827,169 |
| Net Income From Continuing And Discontinued Operation | $3,677,276 | $-5,770,495 | $6,091,975 | $-827,169 |
| Total Operating Income As Reported | $-9,606,884 | $-3,269,947 | $-1,178,405 | $-980,198 |
| Net Income Common Stockholders | $3,677,276 | $-5,770,495 | $6,091,975 | $-827,169 |
| Net Income | $3,677,276 | $-5,770,495 | $6,091,975 | $-827,169 |
| Net Income Including Noncontrolling Interests | $3,677,276 | $-5,770,495 | $6,091,975 | $-827,169 |
| Net Income Continuous Operations | $3,677,276 | $-5,770,495 | $6,091,975 | $-827,169 |
| Pretax Income | $3,677,276 | $-5,770,495 | $6,866,641 | $-827,169 |
| Operating Income | $-9,606,884 | $-3,269,947 | $-1,178,405 | $-767,740 |
| Interest Income | - | - | $3,688,889 | - |
| Interest Income Non Operating | - | - | $3,688,889 | - |
| Gross Profit | - | - | - | $-308,296 |
| Per Share | ||||
| Diluted EPS | $0.12 | $-0.54 | $0.36 | $-0.05 |
| Basic EPS | $0.14 | $-0.54 | $0.36 | $-0.05 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $491,444 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-7,580,139 | $-438,444 | $-5,534,563 | $-755,551 |
| Total Unusual Items | $-1,929,156 | $-2,791,901 | $4,356,158 | - |
| Total Unusual Items Excluding Goodwill | $-1,929,156 | $-2,791,901 | $4,356,158 | - |
| Reconciled Depreciation | $97,589 | $39,601 | - | $19,055 |
| EBITDA (Bullshit earnings) | $-9,509,295 | $-3,230,346 | $-1,178,405 | $-755,551 |
| EBIT | $-9,606,884 | $-3,269,947 | $-1,178,405 | $-774,606 |
| Diluted Average Shares | $21,752,606 | $7,578,992 | $11,804,482 | $11,804,482 |
| Basic Average Shares | $18,276,204 | $7,578,992 | $11,804,482 | $11,804,482 |
| Diluted NI Availto Com Stockholders | $3,677,276 | $-5,770,495 | $6,091,975 | $-827,169 |
| Tax Provision | $0 | $0 | $774,666 | $0 |
| Gain On Sale Of Security | $-1,929,156 | $-2,791,901 | $4,356,158 | - |
| Research And Development | $2,588,237 | $622,308 | - | $423,276 |
| Selling General And Administration | $7,018,647 | $2,647,639 | - | $248,625 |
| Other Gand A | $7,018,647 | $2,647,639 | - | $209,991 |
| Salaries And Wages | - | - | - | $38,634 |
Fetched: 2026-06-19
Balance Sheet (Annual)
| Metric | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $1,724,077 | $-12,789,142 | $81,322,280 | $-292,409 |
| Total Assets | $5,948,701 | $3,496,241 | $86,333,388 | $998,221 |
| Total Non Current Assets | $169,013 | $198,007 | $86,247,275 | $824,627 |
| Goodwill And Other Intangible Assets | $107,490 | $107,490 | - | - |
| Other Intangible Assets | $107,490 | $107,490 | - | - |
| Current Assets | $5,779,688 | $3,298,234 | $86,113 | $173,594 |
| Prepaid Assets | $374,799 | $1,719,127 | $74,700 | $1,774 |
| Receivables | $67,888 | $294,889 | - | $10,608 |
| Accounts Receivable | $67,888 | $294,889 | - | $10,608 |
| Cash Cash Equivalents And Short Term Investments | $5,337,001 | $1,284,218 | $11,412 | $161,212 |
| Cash And Cash Equivalents | $5,337,001 | $1,284,218 | $11,412 | $161,212 |
| Other Receivables | - | $294,889 | - | - |
| Other Non Current Assets | - | - | $86,247,275 | - |
| Non Current Deferred Assets | - | - | $0 | $687,361 |
| Cash Financial | - | - | $11,412 | - |
| Debt | ||||
| Total Debt | $21,215 | $52,330 | $123,754 | $1,134,812 |
| Long Term Debt And Capital Lease Obligation | $5,657 | $21,215 | - | $238,080 |
| Current Debt And Capital Lease Obligation | $15,558 | $31,115 | $123,754 | $896,731 |
| Net Debt | - | - | $112,342 | $886,974 |
| Current Debt | - | - | $123,754 | $862,108 |
| Long Term Debt | - | - | - | $186,078 |
| Other Current Borrowings | - | - | - | $862,108 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $4,117,135 | $16,177,894 | $5,011,108 | $1,290,630 |
| Total Non Current Liabilities Net Minority Interest | $3,179,430 | $15,235,238 | $4,313,728 | $238,080 |
| Derivative Product Liabilities | $3,173,772 | $15,214,023 | $1,873,997 | - |
| Current Liabilities | $937,705 | $942,656 | $697,380 | $1,052,550 |
| Payables And Accrued Expenses | $801,222 | $852,138 | $573,625 | $155,818 |
| Payables | $480,167 | $505,625 | $484,423 | $131,929 |
| Accounts Payable | $480,167 | $505,625 | $484,423 | $131,929 |
| Tradeand Other Payables Non Current | - | - | $2,439,731 | - |
| Current Notes Payable | - | - | $123,754 | - |
| Equity | ||||
| Common Stock Equity | $-2,607,330 | $-12,681,653 | $81,322,280 | $-292,409 |
| Preferred Stock Equity | $4,438,897 | - | - | - |
| Total Equity Gross Minority Interest | $1,831,566 | $-12,681,653 | $81,322,280 | $-292,409 |
| Stockholders Equity | $1,831,566 | $-12,681,653 | $81,322,280 | $-292,409 |
| Retained Earnings | $-6,706,079 | $-10,383,355 | $-4,854,675 | $-3,925,586 |
| Other Equity Interest | - | - | - | - |
| Other | ||||
| Ordinary Shares Number | $22,859,723 | $13,158,943 | $11,804,482 | $11,804,482 |
| Share Issued | $22,859,723 | $13,158,943 | $11,804,482 | $11,804,482 |
| Tangible Book Value | $-2,714,820 | $-12,789,142 | $81,322,280 | $-292,409 |
| Invested Capital | $-2,607,330 | $-12,681,653 | $81,446,035 | $755,778 |
| Working Capital | $4,841,983 | $2,355,578 | $-611,267 | $-878,955 |
| Capital Lease Obligations | $21,215 | $52,330 | - | $86,625 |
| Total Capitalization | $1,831,566 | $-12,681,653 | $81,322,280 | $-106,331 |
| Additional Paid In Capital | $-55,700,834 | $-54,915,877 | $0 | $38,634 |
| Capital Stock | $64,238,479 | $52,617,579 | $86,176,955 | $3,594,544 |
| Common Stock | $59,799,583 | $52,617,579 | $86,176,955 | $3,594,544 |
| Preferred Stock | $4,438,897 | $0 | $0 | - |
| Long Term Capital Lease Obligation | $5,657 | $21,215 | - | $52,002 |
| Current Capital Lease Obligation | $15,558 | $31,115 | - | $34,623 |
| Pensionand Other Post Retirement Benefit Plans Current | $120,926 | $59,402 | - | - |
| Current Accrued Expenses | $321,054 | $346,513 | $89,202 | $23,889 |
| Net PPE | $61,524 | $90,518 | - | $137,266 |
| Accumulated Depreciation | $-130,826 | $-66,474 | - | $-36,208 |
| Gross PPE | $192,350 | $156,991 | - | $173,474 |
| Leases | $86,982 | $12,022 | - | $6,835 |
| Other Properties | $21,215 | $86,982 | - | $128,601 |
| Machinery Furniture Equipment | $84,153 | $57,988 | - | $38,038 |
| Properties | $0 | $0 | - | $0 |
Fetched: 2026-06-19
Cash Flow Statement (Annual)
| Metric | 2025-05-31 | 2024-05-31 | 2023-12-31 | 2023-05-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-6,685,571 | $-2,487,112 | $-1,502,678 | $-768,814 |
| Operating Activities | ||||
| Operating Cash Flow | $-6,585,153 | $-2,339,313 | $-1,502,678 | $-714,215 |
| Cash Flow From Continuing Operating Activities | $-6,585,153 | $-2,339,313 | $-1,502,678 | $-714,215 |
| Operating Gains Losses | $-13,204,250 | $2,791,901 | $-4,356,158 | - |
| Investing Activities | ||||
| Capital Expenditure | $-100,418 | $-147,798 | - | $-54,598 |
| Investing Cash Flow | $-100,418 | $-147,798 | $-82,558,387 | $-54,598 |
| Cash Flow From Continuing Investing Activities | $-100,418 | $-147,798 | $-82,558,387 | $-54,598 |
| Net Other Investing Changes | - | - | $-82,558,387 | - |
| Financing Activities | ||||
| Issuance Of Capital Stock | $8,702,416 | $0 | $84,428,109 | - |
| Financing Cash Flow | $10,738,354 | $3,610,095 | $84,010,050 | $926,970 |
| Cash Flow From Continuing Financing Activities | $10,738,354 | $3,610,095 | $84,010,050 | $926,970 |
| Net Other Financing Charges | $65,060 | $-1,112,376 | $-329,663 | - |
| Net Preferred Stock Issuance | $4,438,897 | $0 | - | - |
| Preferred Stock Issuance | $4,438,897 | $0 | - | - |
| Net Common Stock Issuance | $4,263,519 | $0 | $84,428,109 | - |
| Common Stock Issuance | $4,263,519 | $0 | $84,428,109 | - |
| Other | ||||
| Repayment Of Debt | $0 | $-28,287 | $-212,151 | $-17,100 |
| Issuance Of Debt | $0 | $4,750,758 | $123,754 | $944,070 |
| Interest Paid Supplemental Data | $707 | $16,265 | - | - |
| Income Tax Paid Supplemental Data | $0 | $0 | $799,100 | - |
| End Cash Position | $5,337,001 | $1,284,218 | $11,412 | $161,212 |
| Beginning Cash Position | $1,284,218 | $161,234 | $62,427 | $3,056 |
| Changes In Cash | $4,052,783 | $1,122,984 | $-51,014 | $158,156 |
| Proceeds From Stock Option Exercised | $1,970,879 | $0 | - | - |
| Net Issuance Payments Of Debt | $0 | $4,722,471 | $-88,396 | $926,970 |
| Net Long Term Debt Issuance | $0 | $4,722,471 | $0 | $926,970 |
| Long Term Debt Payments | $0 | $-28,287 | - | $-17,100 |
| Long Term Debt Issuance | $0 | $4,750,758 | $0 | $944,070 |
| Net PPE Purchase And Sale | $-100,418 | $-147,798 | - | $0 |
| Purchase Of PPE | $-100,418 | $-147,798 | - | $0 |
| Change In Working Capital | $1,584,057 | $414,401 | $474,828 | $-25,280 |
| Change In Other Working Capital | $2,122 | - | - | $-38,372 |
| Change In Payables And Accrued Expense | $10,608 | $502,090 | $524,124 | $23,700 |
| Change In Accrued Expense | $36,066 | $371,971 | $39,700 | - |
| Change In Payable | $-25,458 | $130,119 | $484,423 | - |
| Change In Account Payable | $-25,458 | $130,119 | $484,423 | - |
| Change In Prepaid Assets | $1,344,327 | $196,593 | $-49,296 | $0 |
| Change In Receivables | $227,001 | $-284,282 | - | $-10,608 |
| Changes In Account Receivables | $227,001 | $-284,282 | - | $-10,608 |
| Other Non Cash Items | $205,079 | $138,605 | $-3,688,889 | $91,819 |
| Stock Based Compensation | $1,055,095 | $46,673 | - | $38,634 |
| Depreciation Amortization Depletion | $97,589 | $39,601 | - | $19,055 |
| Depreciation And Amortization | $97,589 | $39,601 | - | $19,055 |
| Depreciation | $97,589 | $39,601 | - | $19,055 |
| Gain Loss On Investment Securities | $-13,204,250 | $2,791,901 | $-4,356,158 | - |
| Net Income From Continuing Operations | $3,677,276 | $-5,770,495 | $6,091,975 | $-827,169 |
| Net Short Term Debt Issuance | - | $4,709,742 | $-88,396 | $731,919 |
| Short Term Debt Payments | - | $-28,287 | $-212,151 | - |
| Short Term Debt Issuance | - | $4,738,029 | $123,754 | $731,919 |
| Taxes Refund Paid | - | - | $-24,434 | - |
| Net Intangibles Purchase And Sale | - | - | - | $-54,598 |
| Purchase Of Intangibles | - | - | - | $-54,598 |
| Interest Paid Cfo | - | - | - | $-11,274 |
Fetched: 2026-06-19