New Horizon Aircraft Ltd. (HOVRW) Stock Price & Analysis
Educational signal · not a buy or sell recommendation · How to read this
Beta 2.94: the stock has moved about 194% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerNew Horizon Aircraft Ltd. (HOVRW) trades at $0.3415. New Horizon Aircraft Ltd. focuses on developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market. Sector: Industrials.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for HOVRW: HOVRW does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
New Horizon Aircraft Ltd. (HOVRW) Industrial Operations Profile
New Horizon Aircraft Ltd. is an aerospace engineering firm specializing in hybrid electric eVTOL technology, primarily the Cavorite X7. Targeting the regional air mobility sector, the company aims to provide efficient vertical takeoff and landing solutions, differentiating itself through innovative hybrid-electric propulsion systems and a focus on the United States market.
What Is the Investment Thesis for HOVRW?
New Horizon Aircraft presents a speculative investment opportunity within the burgeoning eVTOL market. The company's focus on the Cavorite X7, a hybrid-electric aircraft, targets the regional air mobility sector. Key value drivers include successful development and certification of the Cavorite X7, securing partnerships with regional airlines or transportation providers, and demonstrating superior performance metrics compared to competitors. However, the company's negative P/E ratio of -3.43 and high beta of 2.94 indicate significant risk and volatility. The absence of a dividend further underscores the speculative nature of this investment. Successful execution of their technology and business plan is crucial for long-term value creation.
Based on FMP financials and quantitative analysis
HOVRW Key Highlights
Developing Cavorite X7, a hybrid electric 7-seat eVTOL aircraft targeting the regional air mobility market.
- Focus on the United States market for regional air mobility.
- Headquartered in Lindsay, Canada, indicating a North American presence.
- Founded in 2013, suggesting a relatively young company in the aerospace industry.
- Market capitalization of $0.02B, indicating a small-cap company with potential for growth but also higher risk.
Who Are HOVRW's Competitors?
HOVRW is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| CODA Coda Octopus Group, Inc. | $11.14 | +4.11% | $126M | 81 5-pillar |
| EML The Eastern Company | $24.61 | +2.37% | $148M | 64 5-pillar |
| HUHU HUHUTECH International Group Inc. | $4.76 | -2.26% | $121M | — |
| ISSC Innovative Solutions and Support, Inc. | $24.78 | +7.74% | $443M | — |
| MVST Microvast Holdings, Inc. | $0.64 | -2.30% | $215M | — |
| SPCX Space Exploration Technologies Corp. | $158.96 | +7.35% | $2.10T | 36 5-pillar |
| GE GE Aerospace | $309.56 | -0.91% | $321B | 67 5-pillar |
| RTX RTX Corporation | $184.68 | -0.18% | $249B | 67 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are HOVRW's Key Strengths?
Innovative hybrid-electric eVTOL technology.
- Focus on the growing regional air mobility market.
- Potential for faster and more convenient transportation.
- Commitment to sustainable aviation.
What Are HOVRW's Weaknesses?
Early stage company with limited operating history.
- Dependence on successful development and certification of the Cavorite X7.
- High capital requirements for aircraft development and manufacturing.
- Negative P/E ratio indicates lack of profitability.
What Are the Key Risks for HOVRW?
Negative return on equity (-90.3%) — the business is not currently generating profit on shareholder capital.
- Inconsistent delivery — missed Wall Street EPS estimates in 5 of the last 7 reported quarters.
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Delays in the development and certification of the Cavorite X7.
- Intense competition from established aerospace companies and emerging eVTOL startups.
- Regulatory hurdles and evolving certification requirements.
- High capital requirements and dependence on securing additional funding.
- Technological risks and potential for unforeseen technical challenges.
What Are HOVRW's Competitive Advantages?
- Proprietary hybrid-electric eVTOL technology.
- Focus on the specific niche of regional air mobility.
- Potential first-mover advantage in the eVTOL market.
- Intellectual property related to aircraft design and control systems.
What Does HOVRW Do?
Founded in 2013 and headquartered in Lindsay, Canada, New Horizon Aircraft Ltd. is an aerospace engineering company dedicated to designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft. The company's primary focus is on the regional air mobility market, particularly within the United States. Their flagship project is the Cavorite X7, a hybrid electric 7-seat aircraft engineered for vertical takeoff and landing capabilities. This aircraft aims to combine the flexibility of helicopters with the efficiency and range of fixed-wing aircraft. New Horizon Aircraft envisions the Cavorite X7 as a solution for regional transportation, offering a faster and more convenient alternative to traditional modes of travel. The company's focus on hybrid-electric technology reflects a commitment to sustainable aviation, aiming to reduce emissions and noise pollution compared to conventional aircraft. New Horizon Aircraft is positioning itself to capitalize on the growing demand for innovative and environmentally friendly air transportation solutions.
What Products and Services Does HOVRW Offer?
- Designs and develops hybrid electric vertical takeoff and landing (eVTOL) aircraft.
- Focuses on the regional air mobility market.
- Develops the Cavorite X7, a hybrid electric 7-seat aircraft.
- Engineers aircraft for vertical takeoff and landing.
- Aims to provide faster and more convenient regional transportation.
- Emphasizes sustainable aviation through hybrid-electric technology.
- Targets the United States market primarily.
How Does HOVRW Make Money?
- Develops and sells eVTOL aircraft to regional airlines and transportation providers.
- Generates revenue through aircraft sales and maintenance services.
- Potentially explores leasing or subscription models for aircraft access.
- May offer software and data analytics services related to aircraft operations.
What Industry Does HOVRW Operate In?
New Horizon Aircraft operates within the rapidly evolving aerospace and defense industry, specifically targeting the emerging eVTOL market. This market is characterized by intense competition and technological innovation, with companies vying to develop efficient and sustainable air mobility solutions. The regional air mobility sector is projected to experience significant growth, driven by increasing urbanization and demand for faster transportation options. New Horizon Aircraft's focus on hybrid-electric technology aligns with the industry's push towards environmentally friendly aviation. Competitors include established aerospace companies and emerging eVTOL startups, creating a dynamic and challenging landscape.
Who Are HOVRW's Key Customers?
- Regional airlines seeking to expand their service offerings.
- Transportation providers looking for faster and more efficient solutions.
- Private individuals seeking convenient air travel options.
- Potential government or military applications.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is a warrant, not an operating company
Insider Activity
16 transactions · 0 purchases, 0 sales, 16 other transactions · 8 identified insiders · available records within the last 180 days, newest dated Aug 4, 2026 (coverage not recorded). Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Forward Outlook
Wall Street analysts project New Horizon Aircraft Ltd. revenue of about $1.4M for fiscal 2026, with EPS near $-0.80. The estimate reflects 4 contributing analysts.
Earnings Track Record
New Horizon Aircraft Ltd. has missed Wall Street's EPS estimate in 5 of its last 7 reported quarters — a mixed record worth weighing. Reported results have landed about 25.1% below estimates on average.
Financial Health
New Horizon Aircraft Ltd.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 3.44 places it in the safe zone, indicating low near-term bankruptcy risk.
Key Financial Metrics
Return on equity for New Horizon Aircraft Ltd. stands at -90.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -28.6%, showing how much profit it generates from its asset base. Its free cash flow yield is -14.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 22.76 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -33.2%, the inverse of the P/E and a quick read on earnings relative to price.
Company Profile
New Horizon Aircraft Ltd. operates in the Aerospace & Defense industry within the Industrials sector. It is headquartered in Lindsay, CA. HOVRW has traded publicly since 2024.
HOVRW Financials
Bull Case vs Bear Case
Bull Case
- Innovative hybrid-electric eVTOL technology.
- Focus on the growing regional air mobility market.
- Potential for faster and more convenient transportation.
- Commitment to sustainable aviation.
Bear Case
- Early stage company with limited operating history.
- Dependence on successful development and certification of the Cavorite X7.
- High capital requirements for aircraft development and manufacturing.
- Negative P/E ratio indicates lack of profitability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
HOVRW Latest News
-
Horizon Aircraft Appoints Tom Hearne to Board of Directors and Names Him Audit Committee Chair
Yahoo! Finance: HOVRW News · Sep 4, 2026
HOVRW Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for HOVRW.
Price Targets
Wall Street price target analysis for HOVRW.
HOVRW MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for HOVRW; grades run from A+ (80-100) to F (below 30).
Leadership: Eric Brandon Robinson
CEO
Eric Brandon Robinson is the CEO of New Horizon Aircraft Ltd. He is responsible for managing the company's overall strategy and operations, including the development of the Cavorite X7. His background includes experience in aerospace engineering and business management. He leads a team of 20 employees focused on bringing the Cavorite X7 to market.
Track Record: Under Eric Brandon Robinson's leadership, New Horizon Aircraft has focused on developing the Cavorite X7 and securing funding for its development. Specific milestones achieved under his leadership are not detailed in the provided data. His focus has been on advancing the company's technology and positioning it within the emerging eVTOL market.
HOVRW Industrials Stock FAQ
What are the main risks for HOVRW?
New Horizon Aircraft faces several key risks. As an early-stage company, it is heavily reliant on the successful development and certification of the Cavorite X7.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Limited financial data available.
- Early stage company with high degree of uncertainty.