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NASDAQ:HOVR

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

New Horizon Aircraft logo
$0.52 +0.01 (+1.15%)
As of 03:00 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

About New Horizon Aircraft Stock (NASDAQ:HOVR)

Key Stats

Today's Range
$0.50
$0.53
50-Day Range
$0.39
$0.59
52-Week Range
$0.24
$2.42
Volume
62,627 shs
Average Volume
1.70 million shs
Market Capitalization
$16.26 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.00
Consensus Rating
Strong Buy

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.

New Horizon Aircraft Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
89th Percentile Overall Score

HOVR MarketRank™: 

New Horizon Aircraft scored higher than 89% of companies evaluated by MarketBeat, and ranked 6th out of 53 stocks in the aerospace sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about New Horizon Aircraft's stock forecast and price target.
    • Percentage of Shares Shorted

      1.38% 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 1, 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 decreased by 9.21%, indicating that investor sentiment is improving significantly.
    • 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.

    • Percentage of Shares Shorted

      1.38% 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 1, 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 decreased by 9.21%, indicating that investor sentiment is improving significantly.
    • News Sentiment

      New Horizon Aircraft has a news sentiment score of 0.93. 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 news sentiment score is similar to the average news sentiment of Aerospace companies.
    • News Coverage This Week

      MarketBeat has tracked 2 news articles for New Horizon Aircraft this week, compared to 0 articles on an average week.
    • Search Interest

      4 people have searched for HOVR on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
    • MarketBeat Follows

      Only 1 people have added New Horizon Aircraft to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
    • 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.

    • Read more about New Horizon Aircraft's insider trading history.
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    HOVR Stock News Headlines

    New Horizon shareholders approve key conversion proposal
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    Horizon Aircraft appoints Wyzykowski as a Technical Expert
    Horizon Aircraft signs letter of intent with Discovery Air Chile
    See More Headlines

    HOVR Stock Analysis - Frequently Asked Questions

    New Horizon Aircraft's stock was trading at $1.13 at the beginning of 2025. Since then, HOVR shares have decreased by 54.4% and is now trading at $0.5150.
    View the best growth stocks for 2025 here
    .

    New Horizon Aircraft Ltd. (NASDAQ:HOVR) released its quarterly earnings results on Monday, April, 14th. The company reported ($0.17) earnings per share for the quarter.

    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.

    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
    4/14/2025
    Today
    4/29/2025
    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
    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
    +288.3%
    Consensus Rating
    Strong Buy
    Rating Score (0-4)
    3.50
    Research Coverage
    2 Analysts

    Profitability

    Trailing P/E Ratio
    N/A
    Forward P/E Ratio
    N/A
    P/E Growth
    N/A
    Net Income
    $-8,160,000.00
    Pretax Margin
    N/A

    Debt

    Sales & Book Value

    Annual Sales
    N/A
    Price / Cash Flow
    N/A
    Book Value
    ($0.96) per share
    Price / Book
    -0.54

    Miscellaneous

    Free Float
    27,764,000
    Market Cap
    $16.16 million
    Optionable
    N/A
    Beta
    0.76

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    This page (NASDAQ:HOVR) was last updated on 4/29/2025 by MarketBeat.com Staff
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