New Horizon Aircraft Ltd. (HOVR)Industrials | Aerospace & Defense | Lindsay, Canada | NasdaqCM
1.77 USD
-0.04
(-2.210%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 1.77 |
Hot Take ↕ | Aug. 22, 2026, 2:38 a.m. EDT
The short-term outlook remains neutral despite a recent bounce, as the stock trades below its 50-day moving average and faces significant headwinds from negative earnings and a negative forward P/E. While the price has recovered significantly over the last two years, ending the period with a positive annual gain, the underlying business fundamentals are deteriorating with negative free cash flow and losses. The lack of any dividend payments eliminates income appeal entirely. Although analysts project a substantial upside to the mean target price, the very low confidence in short-term statistical forecasts and the company's high beta suggest that near-term volatility will likely overshadow any fundamental recovery in the immediate weeks ahead. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.407872 |
| AutoARIMA | 0.407875 |
| MSTL | 0.424146 |
| AutoTheta | 0.487395 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 29% |
| H-stat | 4.17 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.433 |
| Excess Kurtosis | -0.79 |
| Attribute | Value |
|---|---|
| Sector | Industrials |
| Debt to Equity Ratio | 0.101 |
| Market Cap | 118,281,728 |
| Forward P/E | -2.22 |
| Beta | 3.88 |
| Previous Name | Pono Capital Three, Inc. |
| Website | https://www.horizonaircraft.com |
| Attribute | Value |
|---|---|
| 52 Week Change | 0.047337294 |
| Address1 | 3,187 Highway 35 |
| All Time High | 12.145 |
| All Time Low | 0.24 |
| Ask | 2.26 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 555,270 |
| Average Daily Volume3 Month | 1,319,219 |
| Average Volume | 1,319,219 |
| Average Volume10Days | 555,270 |
| Beta | 3.88 |
| Bid | 1.32 |
| Bid Size | 2 |
| Book Value | 0.7569555 |
| City | Lindsay |
| Compensation As Of Epoch Date | 1,798,675,200 |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 1.77 |
| Current Ratio | 22.76 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 1.83 |
| Day Low | 1.74 |
| Debt To Equity | 0.101 |
| Display Name | Pono Capital Three |
| Earnings Call Timestamp End | 1,784,205,000 |
| Earnings Call Timestamp Start | 1,784,205,000 |
| Earnings Timestamp | 1,784,205,000 |
| Earnings Timestamp End | 1,790,598,600 |
| Earnings Timestamp Start | 1,790,598,600 |
| Ebitda | -23,170,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -2.001 |
| Enterprise Value | 46,351,732 |
| Eps Current Year | -0.715 |
| Eps Forward | -0.7976884 |
| Eps Trailing Twelve Months | -0.55 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 1.858 |
| Fifty Day Average Change | -0.08800006 |
| Fifty Day Average Change Percent | -0.047362786 |
| Fifty Two Week Change Percent | 4.7337294 |
| Fifty Two Week High | 4.18 |
| Fifty Two Week High Change | -2.4099998 |
| Fifty Two Week High Change Percent | -0.576555 |
| Fifty Two Week Low | 1.16 |
| Fifty Two Week Low Change | 0.61 |
| Fifty Two Week Low Change Percent | 0.5258621 |
| Fifty Two Week Range | 1.16 - 4.18 |
| Financial Currency | CAD |
| First Trade Date Milliseconds | 1,680,528,600,000 |
| Float Shares | 54,098,188 |
| Forward Eps | -0.7976884 |
| Forward P E | -2.2189114 |
| Free Cashflow | -9,833,500 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 58 |
| Fullday Change | -0.04 |
| Fullday Change Percent | -2.20994 |
| Fullday Price | 1.77 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.0 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.20581 |
| Held Percent Institutions | 0.06882 |
| 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 | 118,281,728 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_705265053 |
| Most Recent Quarter | 1,780,185,600 |
| Name Change Date | 2,026-08-29 |
| Net Income To Common | -33,096,000 |
| Next Fiscal Year End | 1,811,721,600 |
| Non Diluted Market Cap | 120,620,635 |
| Number Of Analyst Opinions | 4 |
| Open | 1.82 |
| Operating Cashflow | -16,492,000 |
| Operating Margins | 0.0 |
| Payout Ratio | 0.0 |
| Phone | 613 866 1935 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 1.77 |
| Post Market Time | 1,787,959,806 |
| Prev Name | Pono Capital Three, Inc. |
| Previous Close | 1.81 |
| Price Eps Current Year | -2.4755244 |
| Price Hint | 4 |
| Price To Book | 2.3383145 |
| Profit Margins | 0.0 |
| Quick Ratio | 21.724 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.04 |
| Regular Market Change Percent | -2.20994 |
| Regular Market Day High | 1.83 |
| Regular Market Day Low | 1.74 |
| Regular Market Day Range | 1.74 - 1.83 |
| Regular Market Open | 1.82 |
| Regular Market Previous Close | 1.81 |
| Regular Market Price | 1.77 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 547,654 |
| Return On Assets | -0.31814 |
| Return On Equity | -0.89813006 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Industrials |
| Sector Disp | Industrials |
| Sector Key | industrials |
| Shares Outstanding | 66,825,837 |
| Shares Percent Shares Out | 0.0392 |
| Shares Short | 2,621,150 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 3,048,243 |
| Short Name | New Horizon Aircraft Ltd. |
| Short Percent Of Float | 0.045 |
| Short Ratio | 1.87 |
| Source Interval | 15 |
| State | ON |
| Symbol | HOVR |
| Target High Price | 18.251925 |
| Target Low Price | 3.2753038 |
| Target Mean Price | 8.436084 |
| Target Median Price | 6.108553 |
| Total Cash | 78,279,000 |
| Total Cash Per Share | 1.171 |
| Total Debt | 72,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.55 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 1.915 |
| Two Hundred Day Average Change | -0.14499998 |
| Two Hundred Day Average Change Percent | -0.07571801 |
| Type Disp | Equity |
| Volume | 547,654 |
| Website | https://www.horizonaircraft.com |
| Zip | K9V 4R1 |