(HOVR) New Horizon Aircraft - Overview
Exchange: NASDAQ •
Country: Canada •
Currency: USD •
Type: Common Stock •
ISIN: CA64550A1075
Stock: Hybrid-Electric, eVTOL, 7-Seat, Regional
Total Rating 45
Risk 94
Buy Signal -1.01
| Risk 5d forecast | |
|---|---|
| Volatility | 112% |
| Relative Tail Risk | -13.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.36 |
| Alpha | 178.22 |
| Character TTM | |
|---|---|
| Beta | 1.309 |
| Beta Downside | 1.261 |
| Drawdowns 3y | |
|---|---|
| Max DD | 97.62% |
| CAGR/Max DD | -0.46 |
Description: HOVR New Horizon Aircraft December 23, 2025
New Horizon Aircraft Ltd. (NASDAQ:HOVR) is a Canadian-based aerospace OEM that develops hybrid-electric vertical-takeoff-and-landing (eVTOL) aircraft for the U.S. regional air-mobility market. Its flagship model, the Cavorite X7, is a seven-seat, vertically-launching aircraft that combines electric propulsion with a conventional turbine for extended range.
Industry analysts estimate the global eVTOL market could exceed $200 billion by 2035, driven by urban-density pressures and FAA initiatives to certify new air-mobility vehicles. HOVR has raised roughly $120 million in private financing to date and reports over $150 million in pre-order commitments from regional operators, positioning it to begin FAA certification flights in 2026. A key economic driver is the projected $30 billion cost-savings for short-haul routes when replacing turboprop services with electric-hybrid platforms.
For deeper metrics and valuation insights, you might explore ValueRay’s detailed HOVR profile.
Piotroski VR‑10 (Strict, 0-10) 0.0
| Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM) |
| FCF/TA: -0.43 > 0.02 and ΔFCF/TA 436.0 > 1.0 |
| NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev) |
| CFO/TA -0.39 > 3% & CFO -10.1m > Net Income -31.1m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 6.51 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.1m) vs 12m ago 71.24% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 0.0% > 50% (prev 2.14%; Δ -2.14% > 0%) |
| Interest Coverage Ratio: -274.5 > 6 (EBITDA TTM -27.0m / Interest Expense TTM 99.0k) |
Altman Z'' -3.99
| A: 0.82 (Total Current Assets 24.8m - Total Current Liabilities 3.82m) / Total Assets 25.6m |
| B: -1.13 (Retained Earnings -29.0m / Total Assets 25.6m) |
| C: -1.97 (EBIT TTM -27.2m / Avg Total Assets 13.8m) |
| D: 7.19 (Book Value of Equity 80.3m / Total Liabilities 11.2m) |
| Altman-Z'' Score: -3.99 = D |
What is the price of HOVR shares?
As of February 07, 2026, the stock is trading at USD 1.85 with a total of 703,807 shares traded.
Over the past week, the price has changed by -0.54%, over one month by +0.00%, over three months by -13.55% and over the past year by +173.67%.
Over the past week, the price has changed by -0.54%, over one month by +0.00%, over three months by -13.55% and over the past year by +173.67%.
Is HOVR a buy, sell or hold?
New Horizon Aircraft has received a consensus analysts rating of 5.00.
Therefore, it is recommended to buy HOVR.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the HOVR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 5.7 | 208.6% |
| Analysts Target Price | 5.7 | 208.6% |
| ValueRay Target Price | 1.8 | -3.2% |
HOVR Fundamental Data Overview February 03, 2026
P/E Trailing = 101.5
P/B = 13.6027
Revenue TTM = 0.0 USD
EBIT TTM = -27.2m USD
EBITDA TTM = -27.0m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 19.0k USD (from shortTermDebt, last quarter)
Debt = 19.0k USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -24.3m USD (from netDebt column, last quarter)
Enterprise Value = 63.7m USD (88.0m + Debt 19.0k - CCE 24.3m)
Interest Coverage Ratio = -274.5 (Ebit TTM -27.2m / Interest Expense TTM 99.0k)
EV/FCF = -5.84x (Enterprise Value 63.7m / FCF TTM -10.9m)
FCF Yield = -17.12% (FCF TTM -10.9m / Enterprise Value 63.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 57.1k) / Revenue TTM)
Tobins Q-Ratio = 2.49 (Enterprise Value 63.7m / Total Assets 25.6m)
Interest Expense / Debt = 252.6% (Interest Expense 48.0k / Debt 19.0k)
Taxrate = 21.0% (US default 21%)
NOPAT = -21.5m (EBIT -27.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.51 (Total Current Assets 24.8m / Total Current Liabilities 3.82m)
Debt / Equity = 0.00 (Debt 19.0k / totalStockholderEquity, last quarter 14.5m)
Debt / EBITDA = 0.90 (negative EBITDA) (Net Debt -24.3m / EBITDA -27.0m)
Debt / FCF = 2.23 (negative FCF - burning cash) (Net Debt -24.3m / FCF TTM -10.9m)
Total Stockholder Equity = 8.72m (last 4 quarters mean from totalStockholderEquity)
RoA = -225.5% (out of range, set to none)
RoE = -357.0% (Net Income TTM -31.1m / Total Stockholder Equity 8.72m)
RoCE = -311.7% (out of range, set to none) (EBIT -27.2m / Capital Employed (Equity 8.72m + L.T.Debt 0.0))
RoIC = -712.2% (out of range, set to none) (NOPAT -21.5m / Invested Capital 3.01m)
WACC = 10.74% (E(88.0m)/V(88.0m) * Re(10.74%) + (debt cost/tax rate unavailable))
Discount Rate = 10.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 89.67%
Fair Price DCF = unknown (Cash Flow -10.9m)
EPS Correlation: -24.95 | EPS CAGR: -14.80% | SUE: -1.89 | # QB: 0
Revenue Correlation: -24.74 | Revenue CAGR: 0.0% | SUE: N/A | # QB: 0
EPS current Year (2026-05-31): EPS=-0.69 | Chg30d=-0.305 | Revisions Net=-1 | Growth EPS=-505.9% | Growth Revenue=+0.0%
EPS next Year (2027-05-31): EPS=-1.02 | Chg30d=-0.685 | Revisions Net=-1 | Growth EPS=-47.8% | Growth Revenue=+0.0%
P/B = 13.6027
Revenue TTM = 0.0 USD
EBIT TTM = -27.2m USD
EBITDA TTM = -27.0m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 19.0k USD (from shortTermDebt, last quarter)
Debt = 19.0k USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -24.3m USD (from netDebt column, last quarter)
Enterprise Value = 63.7m USD (88.0m + Debt 19.0k - CCE 24.3m)
Interest Coverage Ratio = -274.5 (Ebit TTM -27.2m / Interest Expense TTM 99.0k)
EV/FCF = -5.84x (Enterprise Value 63.7m / FCF TTM -10.9m)
FCF Yield = -17.12% (FCF TTM -10.9m / Enterprise Value 63.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 57.1k) / Revenue TTM)
Tobins Q-Ratio = 2.49 (Enterprise Value 63.7m / Total Assets 25.6m)
Interest Expense / Debt = 252.6% (Interest Expense 48.0k / Debt 19.0k)
Taxrate = 21.0% (US default 21%)
NOPAT = -21.5m (EBIT -27.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 6.51 (Total Current Assets 24.8m / Total Current Liabilities 3.82m)
Debt / Equity = 0.00 (Debt 19.0k / totalStockholderEquity, last quarter 14.5m)
Debt / EBITDA = 0.90 (negative EBITDA) (Net Debt -24.3m / EBITDA -27.0m)
Debt / FCF = 2.23 (negative FCF - burning cash) (Net Debt -24.3m / FCF TTM -10.9m)
Total Stockholder Equity = 8.72m (last 4 quarters mean from totalStockholderEquity)
RoA = -225.5% (out of range, set to none)
RoE = -357.0% (Net Income TTM -31.1m / Total Stockholder Equity 8.72m)
RoCE = -311.7% (out of range, set to none) (EBIT -27.2m / Capital Employed (Equity 8.72m + L.T.Debt 0.0))
RoIC = -712.2% (out of range, set to none) (NOPAT -21.5m / Invested Capital 3.01m)
WACC = 10.74% (E(88.0m)/V(88.0m) * Re(10.74%) + (debt cost/tax rate unavailable))
Discount Rate = 10.74% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 89.67%
Fair Price DCF = unknown (Cash Flow -10.9m)
EPS Correlation: -24.95 | EPS CAGR: -14.80% | SUE: -1.89 | # QB: 0
Revenue Correlation: -24.74 | Revenue CAGR: 0.0% | SUE: N/A | # QB: 0
EPS current Year (2026-05-31): EPS=-0.69 | Chg30d=-0.305 | Revisions Net=-1 | Growth EPS=-505.9% | Growth Revenue=+0.0%
EPS next Year (2027-05-31): EPS=-1.02 | Chg30d=-0.685 | Revisions Net=-1 | Growth EPS=-47.8% | Growth Revenue=+0.0%