New Horizon Aircraft Ltd. (HOVR)
| Market Cap | 139.58M +394.1% |
| Revenue (ttm) | n/a |
| Net Income | -24.25M |
| EPS | -0.63 |
| Shares Out | 61.76M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,690,528 |
| Open | 2.450 |
| Previous Close | 2.490 |
| Day's Range | 2.171 - 2.450 |
| 52-Week Range | 0.850 - 4.180 |
| Beta | 3.69 |
| Analysts | Strong Buy |
| Price Target | 7.81 (+245.58%) |
| Earnings Date | Apr 14, 2026 |
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.
Analyst Summary
According to 2 analysts, the average rating for HOVR stock is "Strong Buy." The 12-month stock price target is $7.81, which is an increase of 245.58% from the latest price.
News
Horizon Aircraft names Richard Alexendar chief engineer, Certified Programs
New Horizon Aircraft (HOVR) announces that Richard Alexander has been appointed Chief Engineer of Certified Programs of Horizon Aircraft as the Company advances its certification strategy, engineering...
New Horizon Aircraft Slides: Investor presentation
New Horizon Aircraft has posted slides in relation to its latest quarterly earnings report, which was published on June 4, 2026.
Horizon Aircraft advances dual-use certification path through partnership
New Horizon Aircraft (HOVR) announces that through its close, ongoing partnership with Flight Centre of Excellence the Company has advanced the dual-use certification pathway for its hybrid-electric V...
New Horizon Aircraft Transcript: Sidoti Micro-Cap Virtual Conference
A hybrid-electric VTOL aircraft is nearing full-scale flight testing, offering twice the speed and five times the range of typical VTOLs, with 75% lower costs per mile. Strong interest spans EMS, logistics, and military sectors, with certification and production ramping up over the next year.
New Horizon Aircraft Earnings Call Transcript: Q3 2026
Hybrid-electric aircraft development is on track, with a full-scale prototype expected by year-end and strong strategic partnerships in place. Operating costs are projected to be up to 75% lower than peers, supported by $20 million in cash and non-dilutive funding.
New Horizon Aircraft Earnings release: Q3 2026
New Horizon Aircraft released its Q3 2026 earnings on April 14, 2026, summarizing the period's financial results.
New Horizon Aircraft Quarterly report: Q3 2026
New Horizon Aircraft has published its Q3 2026 quarterly earnings report on April 14, 2026.
Horizon Aircraft enters agreement with MHIRJ
New Horizon Aircraft (HOVR) announces its agreement with MHI RJ Aviation Group, MHIRJ, a subsidiary of Mitsubishi Heavy Industries (MHVYF). This collaboration aims to support the ongoing development o...
Horizon Aircraft says Cavorite X7 to deliver cost efficiency vs. helicopters
New Horizon Aircraft (HOVR) Ltd. announce dthat its hybrid-electric VTOL aircraft, the Cavorite X7, is forecasted to operate up to 75% more cost efficiently compared to conventional helicopters on a…
New Horizon Aircraft Slides: Investor presentation
New Horizon Aircraft has posted slides in relation to its latest quarterly earnings report, which was published on March 3, 2026.
Horizon Aircraft initiated with a Buy at JonesResearch
JonesResearch initiated coverage of Horizon Aircraft (HOVR) with a Buy rating and $18 price target
Horizon Aircraft enters partnership with North Aircraft Industries
New Horizon Aircraft (HOVR) announces a partnership with North Aircraft Industries to manufacture and test the custom-engineered wings for the Company’s full-scale VTOL aircraft, the Cavorite X7. Nort...
Horizon Aircraft partners with RAMPF to manufacture fuselage
New Horizon Aircraft (HOVR) has partnered with RAMPF Composite Solutions to manufacture the fuselage for the Cavorite X7. With deep experience supporting aerospace and defense customers, RAMPF will ma...
Horizon Aircraft announces advances for full-scale Cavorite X7
New Horizon Aircraft (HOVR) shares technical updates on the Cavorite X7 that elevate safety, aerodynamics, and cruise performance. Following the transition flight of its large-scale prototype in May 2...
New Horizon Aircraft Earnings Call Transcript: Q2 2026
Strong liquidity and strategic partnerships support rapid development of a hybrid-electric eVTOL, with the X7 targeting all-weather, long-range missions and projected seat-mile costs far below industry peers. Certification and prototype milestones are on track for 2026–2027.
New Horizon Aircraft Earnings release: Q2 2026
New Horizon Aircraft released its Q2 2026 earnings on January 14, 2026, summarizing the period's financial results.
New Horizon Aircraft Quarterly report: Q2 2026
New Horizon Aircraft has published its Q2 2026 quarterly earnings report on January 14, 2026.
Horizon Aircraft reports Q2 EPS (21c) vs. 80c last year
Brandon Robinson, Co-Founder and CEO of Horizon Aircraft (HOVR), commented, “The progress achieved during the second quarter of fiscal 2026 provides strong momentum toward completing our full-scale ai...
Horizon Aircraft enters partnership with Motion Applied
New Horizon Aircraft (HOVR) has partnered with Motion Applied. Motion Applied will design and manufacture a customized motor drive inverter for the Company’s hybrid-electric VTOL, the Cavorite X7, ena...
Horizon Aircraft appoints Jameel Janjua to board of directors
New Horizon Aircraft (HOVR) announces that Jameel Janjua has joined its Board of Directors. Jameel is a world-leading expert in experimental test flight and has provided leadership for space missions,...
Horizon Aircraft’s VTOL targets flight operations in icing conditions
The company said, “New Horizon Aircraft (HOVR) continues its progress in building its Cavorite X7 to fly under Instrument Flight Rules allowing the aircraft to fly in clouds, a differentiating…
Horizon Aircraft welcomes Canadian Air Force to Ontario hangar
New Horizon Aircraft (HOVR) welcomed Brigadier General Brendan Cook, Royal Canadian Air Force Director General Space, Combat and Support, to its Lindsay, Ontario hangar for an exclusive tour and brief...
New Horizon Aircraft Proxy statement: Proxy Filing
New Horizon Aircraft filed a proxy statement on October 27, 2025, providing details for shareholder voting and corporate governance matters.
Horizon Aircraft awarded INSAT grant to help fund all-weather eVTOL project
New Horizon Aircraft (HOVR) has been awarded an INSAT program non-dilutive grant to help fund ‘CRYSTAL’, an all-weather eVTOL project in partnership with Flight Centre of Excellence and the University...
New Horizon Aircraft Proxy statement: Proxy Filing
New Horizon Aircraft filed a proxy statement on October 20, 2025, providing details for shareholder voting and corporate governance matters.