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New Horizon Aircraft Ltd. (HOVR)

Industrials | Aerospace & Defense | Lindsay, Canada | NasdaqCM
1.42 USD +0.01 (0.709%) ⇧ (Oct. 16, 2026, 9:59 a.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 5:58 a.m. EDT

The stock presents a classic case of extreme volatility masking deteriorating fundamentals. While the price has recently rallied nearly nine-fold over the last year, the underlying business is hemorrhaging cash, with negative free cash flow and a massive operating cash burn. The balance sheet, though currently buoyed by significant cash reserves, tells a worrying story about solvency given the company's inability to generate its own capital. The recent surge in price appears to be driven entirely by speculative interest in the hybrid-electric prototype and potential government contracts rather than sustainable profitability. With no dividend to provide income and a forward P/E that is negative due to losses, there is no margin of safety here. The statistical models offer no directional guidance, reflecting the chaotic nature of the price action. Investors are essentially betting on a successful product launch and future government funding rather than a proven commercial enterprise, making this a high-risk speculation rather than an investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.071256
AutoETS0.071265
MSTL0.082579
AutoTheta0.126069

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 31%
H-stat 2.04
Ljung-Box p 0.000
Jarque-Bera p 0.240
Excess Kurtosis -1.04
Attribute Value
Sector Industrials
Debt to Equity Ratio 0.078
Market Cap 94,892,688
Forward P/E -2.26
Beta 3.84
Previous Name Pono Capital Three, Inc.
Website https://www.horizonaircraft.com

Info Dump

Attribute Value
52 Week Change -0.51546395
Address1 3,187 Highway 35
All Time High 12.145
All Time Low 0.24
Ask 1.81
Ask Size 2
Average Analyst Rating 1.0 - Strong Buy
Average Daily Volume10 Day 709,960
Average Daily Volume3 Month 824,829
Average Volume 824,829
Average Volume10Days 709,960
Beta 3.839
Bid 1.01
Bid Size 2
Book Value 0.6430264
City Lindsay
Compensation As Of Epoch Date 1,798,675,200
Country Canada
Crypto Tradeable 0
Currency USD
Current Price 1.42
Current Ratio 30.188
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 1.4378
Day Low 1.395
Debt To Equity 0.078
Display Name New Horizon Aircraft
Dividend Yield 0.0
Earnings Call Timestamp End 1,791,549,000
Earnings Call Timestamp Start 1,791,549,000
Earnings Timestamp 1,791,549,000
Earnings Timestamp End 1,791,549,000
Earnings Timestamp Start 1,791,549,000
Ebitda -26,282,000
Ebitda Margins 0.0
Enterprise To Ebitda -1.176
Enterprise Value 30,913,756
Eps Current Year -0.585
Eps Forward -0.62965935
Eps Trailing Twelve Months -0.4
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 1.7281
Fifty Day Average Change -0.3081
Fifty Day Average Change Percent -0.1782883
Fifty Two Week Change Percent -51.546394
Fifty Two Week High 3.68
Fifty Two Week High Change -2.2600002
Fifty Two Week High Change Percent -0.6141305
Fifty Two Week Low 1.16
Fifty Two Week Low Change 0.26
Fifty Two Week Low Change Percent 0.22413793
Fifty Two Week Range 1.16 - 3.68
Financial Currency CAD
First Trade Date Milliseconds 1,680,528,600,000
Float Shares 54,316,693
Forward Eps -0.62965935
Forward P E -2.2551875
Free Cashflow -15,085,625
Full Exchange Name NasdaqCM
Full Time Employees 58
Fullday Change 0.00999999
Fullday Change Percent 0.7092192
Fullday Price 1.42
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.20489
Held Percent Institutions 0.06816
Implied Shares Outstanding 66,825,837
Industry Aerospace & Defense
Industry Disp Aerospace & Defense
Industry Key aerospace-defense
Is Earnings Date Estimate 0
Language en-US
Last Fiscal Year End 1,780,185,600
Long Business Summary 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.
Long Name New Horizon Aircraft Ltd.
Market us_market
Market Cap 94,892,688
Market State REGULAR
Max Age 86,400
Message Board Id finmb_705265053
Most Recent Quarter 1,788,134,400
Name Change Date 2,026-10-16
Net Income To Common -26,264,000
Next Fiscal Year End 1,811,721,600
Non Diluted Market Cap 113,103,840
Number Of Analyst Opinions 4
Open 1.42
Operating Cashflow -21,341,000
Operating Margins 0.0
Payout Ratio 0.0
Phone 613 866 1935
Prev Name Pono Capital Three, Inc.
Previous Close 1.41
Price Eps Current Year -2.4273505
Price Hint 4
Price To Book 2.2083073
Profit Margins 0.0
Quick Ratio 29.137
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.0
Region US
Regular Market Change 0.00999999
Regular Market Change Percent 0.7092192
Regular Market Day High 1.4378
Regular Market Day Low 1.395
Regular Market Day Range 1.395 - 1.4378
Regular Market Open 1.42
Regular Market Previous Close 1.41
Regular Market Price 1.42
Regular Market Time 1,792,159,166
Regular Market Volume 72,431
Return On Assets -0.36078998
Return On Equity -0.66940004
Sand P52 Week Change 0.16207206
Sector Industrials
Sector Disp Industrials
Sector Key industrials
Shares Outstanding 66,825,837
Shares Percent Shares Out 0.0388
Shares Short 2,606,928
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 2,821,776
Short Name New Horizon Aircraft Ltd.
Short Percent Of Float 0.0446
Short Ratio 4.94
Source Interval 15
State ON
Symbol HOVR
Target High Price 18.171019
Target Low Price 3.2809372
Target Mean Price 8.380178
Target Median Price 6.0343795
Total Cash 70,061,000
Total Cash Per Share 1.044
Total Debt 53,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.4
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 1.91085
Two Hundred Day Average Change -0.4908501
Two Hundred Day Average Change Percent -0.25687525
Type Disp Equity
Volume 72,431
Website https://www.horizonaircraft.com
Zip K9V 4R1