New Horizon Aircraft (HOVR) Stock Price, News & Analysis

Company Overview

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.

Key Stats

• Today's Range: $0.46 to $0.49
• 50-Day Range: $0.46 to $1.16
• 52-Week Range: $0.24 to $3.25
• Volume: 111,756 shs
• Average Volume: 659,997 shs
• Market Capitalization: $14.98 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.00
• Consensus Rating: Strong Buy

New Horizon Aircraft Stock Analysis - MarketRank™

New Horizon Aircraft scored higher than 78% of companies evaluated by MarketBeat, and ranked 14th out of 52 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

New Horizon Aircraft has received a consensus rating of Strong Buy. The company's average rating score is 3.50, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

New Horizon Aircraft has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: N/A
• Proj. Earnings Growth: N/A

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.72% of the float of New Horizon Aircraft has been sold short.

Short Interest Ratio / Days to Cover

New Horizon Aircraft has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in New Horizon Aircraft has recently increased by 18.53%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

New Horizon Aircraft does not currently pay a dividend.

Dividend Growth

New Horizon Aircraft does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.72% of the float of New Horizon Aircraft has been sold short.

Short Interest Ratio / Days to Cover

New Horizon Aircraft has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in New Horizon Aircraft has recently increased by 18.53%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.52

News Sentiment

New Horizon Aircraft has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Aerospace companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for New Horizon Aircraft this week, compared to 0 articles on an average week.

Search Interest

Only 1 people have searched for HOVR on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added New Horizon Aircraft to their MarketBeat watchlist in the last 30 days. This is a decrease of -78% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, New Horizon Aircraft insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $84,953.00 in company stock.

Percentage Held by Insiders

11.10% of the stock of New Horizon Aircraft is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

65.97% of the stock of New Horizon Aircraft is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HOVR Stock Analysis - Frequently Asked Questions

How have HOVR shares performed this year?

New Horizon Aircraft's stock was trading at $1.13 on January 1st, 2025. Since then, HOVR stock has decreased by 57.5% and is now trading at $0.4798.
View the best growth stocks for 2025 here.

How were New Horizon Aircraft's earnings last quarter?

New Horizon Aircraft Ltd. (NASDAQ:HOVR) posted its earnings results on Tuesday, January, 14th. The company reported $0.80 earnings per share for the quarter.

Who are New Horizon Aircraft's major shareholders?

New Horizon Aircraft's top institutional shareholders include Virtu Financial LLC (0.13%) and Capital Investment Advisors LLC (0.11%).
View institutional ownership trends.

How do I buy shares of New Horizon Aircraft?

Shares of HOVR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of New Horizon Aircraft own?

Based on aggregate information from My MarketBeat watchlists, some other companies that New Horizon Aircraft investors own include Plug Power (PLUG), Genius Group (GNS), Hour Loop (HOUR), Jiuzi (JZXN), Mullen Automotive (MULN), Tharimmune (THAR) and Aethlon Medical (AEMD).

Company Calendar

• Last Earnings: 1/14/2025
• Today: 3/13/2025
• Next Earnings (Estimated): 4/28/2025
• Fiscal Year End: 5/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Aerospace
• Industry: Aircraft
• Sub-Industry: Aircraft
• Current Symbol: NASDAQ:HOVR
• Previous Symbol: NASDAQ:HOVR
• CIK: 1930021
• Web: www.horizonaircraft.com
• Phone: 808-892-6611
• Fax: N/A
• Employees: 20
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.00
• High Stock Price Target: $2.00
• Low Stock Price Target: $2.00
• Potential Upside/Downside: +316.8%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-8,160,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -71.96%
• Return on Assets: 211.11%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.76
• Quick Ratio: 2.76

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.96) per share
• Price / Book: -0.50

Miscellaneous

• Outstanding Shares: 31,231,000
• Free Float: 27,764,000
• Market Cap: $14.98 million
• Optionable: N/A
• Beta: 1.00