New Horizon Aircraft Ltd. (HOVR)

NASDAQ: HOVR · Real-Time Price · USD
2.910
-0.210 (-6.73%)
At close: Oct 17, 2025, 4:00 PM EDT
2.930
+0.020 (0.68%)
After-hours: Oct 17, 2025, 7:59 PM EDT
-6.73%
Market Cap119.22M
Revenue (ttm)n/a
Net Income (ttm)-2.03M
Shares Out 40.97M
EPS (ttm)-0.07
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume2,364,493
Open3.100
Previous Close3.120
Day's Range2.650 - 3.140
52-Week Range0.247 - 4.180
Beta2.79
AnalystsStrong Buy
Price Target6.50 (+123.37%)
Earnings DateOct 10, 2025

About HOVR

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. [Read more]

Founded 2013
Employees 30
Stock Exchange NASDAQ
Ticker Symbol HOVR
Full Company Profile

Financial Performance

Financial numbers in CAD Financial Statements

Analyst Summary

According to 2 analysts, the average rating for HOVR stock is "Strong Buy." The 12-month stock price target is $6.5, which is an increase of 123.37% from the latest price.

Price Target
$6.5
(123.37% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

New Horizon Aircraft: Why I'm Investing In This Regional Air Mobility Play

New Horizon Aircraft Ltd. is developing a hybrid eVTOL aircraft that combines the aerodynamic efficiency of an airplane with the vertical capabilities of a helicopter. The company follows a dual-use s...

3 days ago - Seeking Alpha

Horizon Aircraft Selects Pratt & Whitney Canada's PT6A Engine for Hybrid eVTOL

The signed purchase agreement for the world-leading engine is a major step toward producing a hybrid eVTOL that will go faster, farther, and be the most efficient in the industry TORONTO, ONTARIO / AC...

5 days ago - Accesswire

Horizon Aircraft Provides Business Update and First Quarter of Fiscal 2026 Results

TORONTO, ONTARIO / ACCESS Newswire / October 10, 2025 / New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace enginee...

9 days ago - Accesswire

Horizon Aircraft to Participate in October Conferences

TORONTO, ONTARIO / ACCESS Newswire / October 7, 2025 / New Horizon Aircraft (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering c...

12 days ago - Accesswire

Horizon Aircraft Provides Technical Progress Update

TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (Nasdaq: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), an advanced aerospace engineering company and develope...

5 weeks ago - GlobeNewsWire

New Horizon Aircraft to Participate in Upcoming Conferences

TORONTO, Aug. 27, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), an advanced aerospace engineering company and developer...

7 weeks ago - GlobeNewsWire

Gabelli Funds to Host 31st Annual Aerospace & Defense Symposium at The Harvard Club, New York City, Thursday, September 4, 2025

GREENWICH, Conn., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 4th.

Other symbols: AINAIROATROCRCWDCOESLT
7 weeks ago - GlobeNewsWire

Horizon Aircraft Provides Business Update and Fourth Quarter and Full Year 2025 Results

TORONTO, Aug. 22, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), an advanced aerospace engineering company and developer...

2 months ago - GlobeNewsWire

Horizon Aircraft Regains Compliance with Nasdaq Capital Market Listing Requirements

TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and ...

4 months ago - GlobeNewsWire

Horizon Aircraft Partners with MT-Propeller for Hybrid eVTOL Propulsion

TORONTO, June 13, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and ...

4 months ago - GlobeNewsWire

Horizon Aircraft to Participate in Jefferies eVTOL/AAM Summit

TORONTO, May 20, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and d...

5 months ago - GlobeNewsWire

Horizon Aircraft Welcomes Former Rolls-Royce Propulsion Expert Justin Chapman as Senior Technical Advisor

TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and d...

5 months ago - GlobeNewsWire

Horizon Aircraft Announces Exercise of Warrants, Providing an Additional $2.7 Million in Gross Proceeds

~ Further Secures Balance Sheet, This Second Capital Infusion in Last 30 Days Totals $11.1 Million ~ TORONTO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business...

10 months ago - GlobeNewsWire

Horizon Aircraft Secures $8.4 Million Strategic Investment

~ Deepens Investor's Dedication to Horizon Aircraft Supporting Continued Operations and Development ~ TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing busines...

10 months ago - GlobeNewsWire

Horizon Aircraft to Participate in the 13th Annual Roth Technology Conference

TORONTO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOf...

1 year ago - GlobeNewsWire

Horizon Aircraft to Participate in the LD Micro Main Event XVII Investor Conference

Toronto, Ontario--(Newsfile Corp. - October 16, 2024) - New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Ve...

1 year ago - Newsfile Corp

Horizon Aircraft to Exhibit Hybrid eVTOL at the Japan International Aerospace Exhibition 2024

TORONTO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOf...

1 year ago - GlobeNewsWire

New Horizon Aircraft Announces Closing of $2.9 Million Public Offering

TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), today closed its previously announced underwritten public offering of (i) 2,800,000 of its Class A ordinary shares, no p...

1 year ago - GlobeNewsWire

Horizon Aircraft Appoints Tom Brassington as Chief Technology Officer

Tom Brassington joins from Lilium, bringing significant eVTOL industry experience Tom Brassington joins from Lilium, bringing significant eVTOL industry experience

1 year ago - GlobeNewsWire

New Horizon Aircraft Announces Pricing of $2.9 Million Public Offering

TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and ...

1 year ago - GlobeNewsWire

Horizon Aircraft to Attend the Farnborough International Airshow 2024

TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), a leading hybrid electric Vertical TakeOff and Lan...

1 year ago - GlobeNewsWire

Horizon Aircraft Announces Participation in the 2nd Annual Jefferies eVTOL / AAM Summit

TORONTO, May 23, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff...

1 year ago - GlobeNewsWire

Horizon Aircraft Announces Participation in the EF Hutton Annual Global Conference

Toronto, Ontario--(Newsfile Corp. - May 6, 2024) - New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertica...

1 year ago - Newsfile Corp

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of New Horizon Aircraft Ltd. (HOVR, HOVRW) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of New Horizon Aircr...

1 year ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of New Horizon Aircraft Ltd.

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of New Horizon Aircraft Ltd. (“New Horizon” or the “Company”) (NASDAQ: HOVR, HOVRW) on behalf of investors con...

1 year ago - Business Wire