New Horizon Aircraft Ltd. (HOVRW)Lindsay, Canada | NasdaqCM
0.27 USD
-0.04
(-14.433%) ⇩
(Oct. 9, 2026, 3:36 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 5:59 a.m. EDT
The immediate outlook is sharply negative due to aggressive selling pressure from warrant holders, evidenced by headlines describing a 14% plunge and sellers dominating volume. This technical breakdown suggests a high probability of further downside in the near term. Looking further ahead, the business fundamentals are severely compromised; the company is burning cash with negative operating and free cash flows, while posting massive losses on both assets and equity. The balance sheet is fragile, relying entirely on a tiny cash reserve against significant operational drains, and there is no history of profitability or dividend distribution. With no analyst coverage, no price history to validate a turnaround, and a market clearly pricing in distress, this security offers no investment thesis for either the short or long term. |
| Attribute | Value |
|---|---|
| Debt to Equity Ratio | 0.101 |
| Beta | 3.84 |
| Previous Name | Pono Capital Three, Inc. |
| Website | https://www.horizonaircraft.com |
| Attribute | Value |
|---|---|
| Address1 | 3,187 Highway 35 |
| Ask | 0.0 |
| Ask Size | 0 |
| Beta | 3.839 |
| Bid | 0.0 |
| Bid Size | 0 |
| Book Value | 0.760536 |
| City | Lindsay |
| Compensation As Of Epoch Date | 1,798,675,200 |
| Country | Canada |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 0.265 |
| Current Ratio | 22.76 |
| Custom Price Alert Confidence | HIGH |
| Day High | 0.28 |
| Day Low | 0.2401 |
| Debt To Equity | 0.101 |
| Ebitda | -23,170,000 |
| Ebitda Margins | 0.0 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Two Week High | 0.28 |
| Fifty Two Week High Change | -0.0150000155 |
| Fifty Two Week High Change Percent | -0.053571485 |
| Fifty Two Week Low | 0.2401 |
| Fifty Two Week Low Change | 0.02489999 |
| Fifty Two Week Low Change Percent | 0.10370675 |
| Fifty Two Week Range | 0.2401 - 0.28 |
| Financial Currency | CAD |
| First Trade Date Milliseconds | 1,784,295,000,000 |
| Float Shares | 54,018,665 |
| Free Cashflow | -9,833,500 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 58 |
| Fullday Change | -0.062100008 |
| Fullday Change Percent | -18.985023 |
| Fullday Price | 0.265 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.0 |
| Has Pre Post Market Data | 1 |
| Industry | |
| Industry Key | |
| Language | en-US |
| 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 State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_705265053 |
| Name Change Date | 2,026-10-12 |
| Net Income To Common | -33,096,000 |
| Open | 0.5148 |
| Operating Cashflow | -16,492,000 |
| Operating Margins | 0.0 |
| Phone | 613 866 1935 |
| Prev Name | Pono Capital Three, Inc. |
| Previous Close | 0.3097 |
| Price Hint | 4 |
| Price To Book | 0.34843844 |
| 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 | -0.044700027 |
| Regular Market Change Percent | -14.433331 |
| Regular Market Day High | 0.28 |
| Regular Market Day Low | 0.2401 |
| Regular Market Day Range | 0.2401 - 0.28 |
| Regular Market Open | 0.5148 |
| Regular Market Previous Close | 0.3097 |
| Regular Market Price | 0.265 |
| Regular Market Time | 1,791,574,585 |
| Regular Market Volume | 45,126 |
| Return On Assets | -0.31814 |
| Return On Equity | -0.89813006 |
| Sand P52 Week Change | 0.17383456 |
| Sector | |
| Sector Key | |
| Source Interval | 15 |
| State | ON |
| Symbol | HOVRW |
| 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 Peg Ratio | None |
| Triggerable | 1 |
| Type Disp | Equity |
| Volume | 45,126 |
| Website | https://www.horizonaircraft.com |
| Zip | K9V 4R1 |