New Horizon Aircraft Ltd. (HOVR)
| Market Cap | 85.25M -9.8% |
| Revenue (ttm) | n/a |
| Net Income | -18.94M |
| EPS | -0.38 |
| Shares Out | 67.12M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 713,028 |
| Open | 1.150 |
| Previous Close | 1.130 |
| Day's Range | 1.140 - 1.290 |
| 52-Week Range | 1.060 - 3.680 |
| Beta | 3.95 |
| Analysts | Strong Buy |
| Price Target | 8.46 (+566.46%) |
| Earnings Date | Oct 9, 2026 |
About HOVR
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.
Analyst Summary
According to 2 analysts, the average rating for HOVR stock is "Strong Buy." The 12-month stock price target is $8.46, which is an increase of 566.46% from the latest price.
News
Horizon signs MOU with CLFN to advance potential purchase of Cavority X7
New Horizon Aircraft (HOVR) announced it has signed a Memorandum of Understanding, MOU, with Constance Lake First Nation, CLFN, to advance the potential purchase of Cavorite X7 aircraft to bring…
New Horizon Aircraft Transcript: Planet MicroCap Showcase: Toronto 2026
The patented fan-in-wing hybrid design targets regional, defense and medevac missions, with projected 250 mph speed, 500 mi range and 1,500 lb useful load. Demonstrator flight testing is planned for 2027, with commercial certification targeted for 2030.
New Horizon Aircraft Proxy statement: Proxy filing
New Horizon Aircraft filed a proxy statement on October 26, 2026, providing details for shareholder voting and corporate governance matters.
Horizon Aircraft to Participate in Upcoming Industry Events and Investment Conferences
TORONTO, ON / ACCESS Newswire / October 14, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-elect...
New Horizon Aircraft Earnings Call Transcript: Q1 2027
Q1 spending shifted sharply toward full-scale X7 development, while cash exceeded CAD 70M. Demonstrator completion is targeted around end-Q1 2027, with testing thereafter; early-2030 certification is a goal, and LOIs remain potential demand pending flight-test progress.
New Horizon Aircraft Quarterly report: Q1 2027
New Horizon Aircraft has published its Q1 2027 quarterly earnings report on October 9, 2026.
New Horizon Aircraft Earnings release: Q1 2027
New Horizon Aircraft released its Q1 2027 earnings on October 9, 2026, summarizing the period's financial results.
Horizon Aircraft Reports Fiscal 2027 First Quarter Results and Advances Full-Scale Cavorite X7 Development
TORONTO, ON / ACCESS Newswire / October 9, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), a Canadian aerospace company developing one of the first hybrid-electri...
Horizon Aircraft signs LOI with Great Lakes Helicopter
New Horizon Aircraft (HOVR) has signed a Letter of Intent with Great Lakes Helicopter. Under the LOI, GLH intends to provide maintenance, repair and overhaul services for Horizon Aircraft’s Cavorite…
Horizon Aircraft Signs LOI with Great Lakes Helicopter for Cavorite X7 Maintenance and Pilot Training
Great Lakes Helicopter to support Cavorite X7 commercialization through maintenance, repair and overhaul services, pilot training, and aircraft purchases TORONTO, ON / ACCESS Newswire / September 29, ...
Horizon Aircraft to Report First Quarter 2027 Results and Provide a Business Update on October 9, 2026
Company Invites Investors to Submit Questions to be Answered on the Webcasted Earnings Call TORONTO, ON / ACCESS Newswire / September 24, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "C...
New Horizon Aircraft Transcript: Investor update
A hybrid-electric VTOL is in full-scale development after large-scale prototype testing, with early 2030 type certification targeted. Management cited 24+ months of runway and projected lower per-mile operating costs than comparable helicopters.
New Horizon Aircraft Transcript: IAccess Alpha Virtual Best Ideas Fall Investment Conference 2026
A hybrid electric VTOL aircraft nearing prototype rollout promises twice the speed and 75% lower operating costs than helicopters, with robust all-weather capability and strong applications in medevac, defense, and business travel. Certification and production ramp-up are underway, supported by significant funding and strategic partnerships.
Horizon Aircraft to Participate in September Investment Conferences
TORONTO, ON / ACCESS Newswire / September 8, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-elec...
Horizon Aircraft appoints Tom Hearne to board of directors
New Horizon Aircraft (HOVR) announced the appointment of Tom Hearne to its Board of Directors and as Chair of the Board’s Audit Committee. Hearne succeeds Trisha Nomura, who has resigned…
Horizon Aircraft Appoints Tom Hearne to Board of Directors and Names Him Audit Committee Chair
Company to benefit from Hearne's 30 years of technology leadership, capital markets, and financial oversight experience as it advances the Cavorite X7 program TORONTO, ON / ACCESS Newswire / September...
Horizon Aircraft advances all-weather certification path for its VTOL aircraft
Horizon Aircraft (HOVR) continues to advance the all-weather certification pathway of its Cavorite X7 through the company’s ongoing partnership with Flight Centre of Excellence and anti-icing technolo...
Horizon Aircraft Advances All-Weather Certification Path with the Start of Ice Protection Technology Testing
Through its partnership with Cert Center Canada and anti-icing technologies developed by the University of Toronto, the Company progresses toward bringing an all-weather VTOL to market TORONTO, ON / A...
Horizon Aircraft files $200M mixed securities shelf
16:33 EDT Horizon Aircraft (HOVR) files $200M mixed securities shelf
New Horizon Aircraft Registration statement: Registration filing
New Horizon Aircraft filed a registration statement on August 28, 2026, providing details about a securities offering with the SEC.
Horizon Aircraft to Participate in August Investment Conferences
TORONTO, ON / ACCESS Newswire / July 30, 2026 / New Horizon Aircraft Ltd. ("Horizon Aircraft" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric...
Horizon Aircraft secures LOI with V-Star Powered Lift Aviation
New Horizon Aircraft (HOVR) announced it has signed a Letter of Intent, LOI, with V-Star Powered Lift Aviation, an Australian-based aircraft operator specializing in advanced power-lift aircraft, to p...
Horizon Aircraft Secures LOI with V-Star Powered Lift Aviation for the Purchase of Up to 100 Hybrid eVTOLs for $600 Million
V-Star's addition of Cavorite X7 hybrid-electric VTOLs to its fleet will deliver faster, more affordable emergency air response across Australia FARNBOROUGH, GB / ACCESS Newswire / July 21, 2026 / New...
New Horizon Aircraft Earnings Call Transcript: Q4 2026
Fiscal 2026 saw a leap from prototype validation to full-scale aircraft construction, with cash reserves rising to CAD 78.3 million and major partnerships secured. The X7 hybrid VTOL targets certification by 2030, with demonstrator completion expected by spring 2027 and strong industry interest.
New Horizon Aircraft Annual report: Q4 2026
New Horizon Aircraft has published its Q4 2026 annual report on July 16, 2026.