HO
HOVR
—
Nasdaq
Aerospace & Defense
New Horizon Aircraft Ltd.
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
59,8M USD
P/E
—
EV / Rev
—
Div yield
—
Op margin
—
ROE
—
Net margin
—
Debt / equity
—
Beta
—
52w range
—
Volume
3,2k
Day range
—
Prev close
$1,71
Open
—
Next earnings
2026-10-28
Ex-dividend
—
TR 1Y
—
About
New Horizon Aircraft Ltd. is classified under Industrials / Aerospace & Defense and appears not currently profitable on the latest normalized snapshot.
Business. New Horizon Aircraft Ltd. (HOVR) is an aerospace and defense company that operates within the Industrials sector. The firm is headquartered in the United States and is primarily listed on the Nasdaq stock exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.
Classification92 %
SectorIndustrials
Business sectorIndustrial Goods
IndustryAerospace & Defense
Generated · rules-based
Sell-side consensus
BUY2 analysts
2 buy0 hold0 sell
Avg 12m price target8,21
Analyst recommendations
2 analysts · consensus BuyBuy2
Hold0
Sell0
12-month price target
8,21
Consensus of sell-side coverage.
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
2 analysts · indicative
Ownership→
Raymond James & Associates, Inc.
largest disclosed fund holder
Profitability
—
not yet wired
Quality
—
not yet scored
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,3 %+6,6 %+1,7 %
Communication Services+2,2 %−5,5 %+1,7 %
Energy+0,6 %+3,3 %+0,0 %
Health Care+0,6 %−0,8 %+0,0 %
Consumer Discretionary+0,4 %+7,7 %−0,2 %
Information Technology+0,3 %+7,8 %−0,3 %
Financials−0,3 %−2,8 %−0,9 %
Consumer Staples−0,4 %+2,5 %−1,0 %
Real Estate−0,7 %+10,9 %−1,3 %
Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
Utilities−1,9 %+28,2 %−2,5 %
Developing storylines
No tracked sagas currently linked to HOVR. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-04
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Synthesis
Business
New Horizon Aircraft Ltd. (HOVR) is an aerospace and defense company that operates within the Industrials sector. The firm is headquartered in the United States and is primarily listed on the Nasdaq stock exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.
Classification92 %
SectorIndustrials
Business sectorIndustrial Goods
IndustryAerospace & Defense
AI synthesis
GENERATEDNew Horizon Aircraft Ltd. (HOVR) is currently classified as Aerospace & Defense within Aerospace & Defense (Industrials). Classification confidence: 0.74 (rule-based classification). Capital structure on the latest snapshot: total assets 122,083,192 USD, total equity -6,864,387, short-term debt 0, long-term debt 0. Net cash position is approximately 16,138 USD. Self-calculated market cap is 114,680,243 USD (market_price × shares_outstanding_diluted). Profitability profile: revenue 0, gross profit 0, operating income 0, net income 0. Risk profile from automated assessment: liquidity risk high, dilution risk medium. Flags: Current liabilities exceed current assets.; Filings reference going-concern or substantial-doubt language.; Source documents mention dilution or offering risk.. Recent news context: [TRIGGER] allocator_boost: allocator_boost (allocator) on HOVR — watcher=allocator; producer_version=ws49-p2a-v1; plan_date=2026-07-12; rank=32; ev=7.176628; company_id=39a42ee9-1f0b-44b2-928f-da2e460c0aeb; term_contributions={'event_proximity': 1.347987, 'gradability': 2.0, 'staleness': 3.828641, 'credibility_interest': 0.0}; days_since_analysis=45; pending_promises=0; reason=Allocator coverage boost rank #32 EV=7.176628 for HOVR (hot+stale; days_since=45); contributing_watchers=allocator (source=allocator; url=allocator:2026-07-12:HOVR). Additional context: allocator_boost: watcher=allocator; producer_version=ws49-p2a-v1; plan_date=2026-07-12; rank=32; ev=7.176628; company_id=39a42ee9-1f0b-44b2-928f-da2e460c0aeb; term_contributions={'event_proximity': 1.347987, 'gradability': 2.0, 'staleness': 3.828641, 'credibility_interest': 0.0}; days_since_analysis=45; pending_promises=0; reason=Allocator coverage boost rank #32 EV=7.176628 for HOVR (hot+stale; days_since=45); contributing_watchers=allocator.
Key takeaways
- Debt to equity is about -0.0x.
- [TRIGGER] allocator_boost: allocator_boost (allocator) on HOVR — watcher=allocator; producer_version=ws49-p2a-v1; plan_date=2026-07-12; rank=32; ev=7.176628; company_id=39a42ee9-1f0b-44b2-928f-da2e460c0aeb; term_contributions={'event_proximity': 1.347987, 'gradability': 2.0, 'staleness': 3.828641, 'credibility_interest': 0.0}; days_since_analysis=45; pending_promises=0; reason=Allocator coverage boost rank #32 EV=7.176628 for HOVR (hot+stale; days_since=45); contributing_watchers=allocator (source=allocator; url=allocator:2026-07-12:HOVR)
- Companyfacts coverage was partial; recent filing facts backfilled total_assets, total_liabilities, total_equity, current_assets, current_liabilities, cash_and_equivalents.
- CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS EXPRESSED IN CANADIAN DOLLAR 000’S; UNAUDITED Nine months ended February 28, 2026 February 28, 2025 Cash Flows from Operating Activities: Net (loss) Income $ ( 26,452 ) $ 11,811 Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 187 98 Stock-based compensation 6,998 189 Registered Share Offering Costs — 290 Change in fair value of Forward Purchase Agreement — 740 Gain on Termination of Forward Purchase Agreement — ( 21,400 ) Change in Warrant liability 8,134 ( 601 ) Changes in operating assets and liabilities: Prepaid expenses ( 564 ) 1,690 Other receivables ( 195 ) 268 Accounts payable 421 118 Accrued liabilities ( 317 ) ( 9 ) Operating leases ( 1 ) ( 1 ) Net cash used in operating activities ( 11,789 ) ( 6,807 ) Cash Flows used in Investing Activities: Purchase of property and equipment ( 813 ) ( 98 ) Net cash used in investing activities ( 813 ) ( 98 ) Cash Flows from Financing Activities: Proceeds from Sales Agreement 21,419 — Proceeds from Registered Securities Offering — 3,947 Registered Share Offering Costs — ( 510 ) Proceeds from exercise of stock options 28 — Proceeds from Issuance of Class A Ordinary Shares — 2,088 Proceeds from Issuance of Preferred Shares — 6,264 Forward Purchase Agreement termination — ( 278 ) Proceeds from warrants exercised 3,282 2,774 Net cash provided by financing activities 24,729 14,285 Net Change in Cash and Cash Equivalents 12,127 7,380 Cash and Cash Equivalents - Beginning of period 7,547 1,816 Cash and Cash Equivalents - End of period $ 19,674 $ 9,196 The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.
Bull / Bear case
Generated · model-assisted— missing data
In focus — financials by report
Annual
ANNUALFiled 2023-12-31
FY 2023 · Full-year highlights
Operating income -$1.7M.
Revenue—
Operating income-$1.7M
Net income$8.6M
Free cash flow—
EPS—
Operating cash flow-$2.1M
Financials
Income statement
Revenue—
Gross profit—
Operating income-$1.7M
Net income$8.6M
Balance sheet
Total assets$122.1M
Total liabilities$7.1M
Total equity-$6.9M
Cash & equivalents$16.1k
Long-term debt—
Cash flow
Operating cash flow-$2.1M
CapEx—
Free cash flow—
SBC—
Highlights
- ▍Operating income -$1.7M
Valuation
Market price
$1,45
Market cap
$114.7M
Enterprise valueⓘ
$114.7M
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
1.0x
P / Tangible bookⓘ
1.0x
Tangible book
$115.0M
Net cashⓘ
$16.1k
Current ratioⓘ
0.1
Debt / equityⓘ
—
ROAⓘ
—
ROEⓘ
—
Cash conversionⓘ
—
CapEx / revenueⓘ
—
SBC / revenueⓘ
—
Dilution ratioⓘ
—
Revenue by segment
Business relationships
— missing data
Supply chain
— missing data
Peer comparison
— missing data
Market position
Stress test
— missing data
Predictor forecast
Next quarternear-term
Earnings · next quarterconf 45 %
EPS
Consensus EPS
-0,83
Predicted surprise
+0,08
Beat probability
45 %
Analysts
2
Other metrics
Revenue
—
no estimate
Segment revenue
—
no estimate
Margin
—
no estimate
Segment margin
—
no estimate
revision ratio -0,01 · as of 2026-07-14 · Earnings Surprise V1
Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
Full fiscal year~1 year ahead
Full fiscal year · our forecast vs guidance vs consensus
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,83 |
| Revenue | —no estimate | —no estimate | 0 CAD |
| Operating income | —no estimate | —no estimate | -26,6M CAD |
Full-year consensus mean (period as reported by source) · consensus in CAD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
Probabilistic model output — not investment advice. · generated 2026-08-04
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution2 analysts
Strong buy0
Buy2
Hold0
Sell0
Strong sell0
12-month price target$8,21 · Median $3,37
Low $3,25High $18,00
Operating income · consensus-26,6M CAD
EPS surprise
+36,1 %
reported vs consensus · beat
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low$3,25
Mean$8,21
Median$3,37
High$18,00
Spot$1,45
+466.0 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskMedium
Liquidity riskHigh
Filing-based flags
- Current liabilities exceed current assets.
- Filings reference going-concern or substantial-doubt language.
- Source documents mention dilution or offering risk.
Benchmarks vs cohort
D/E-0,00Above P75
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
Derivative transactions
Net acquired 1 312 500 sh4 exercises · 8 grants4 insiders
- Chief Financial Officer · Performance Share Units → Class A Ordinary Shares without par valueAcquired 312 500grant · 2026-02-10
- Chief Operating Officer · Performance Share Units → Class A Ordinary Shares without par valueAcquired 250 000grant · 2026-02-10
- Head of People and Strategy · Performance Share Units → Class A Ordinary Shares without par valueAcquired 250 000grant · 2026-02-10
- Director, Chief Executive Officer · Performance Share Units → Class A Ordinary Shares without par valueAcquired 500 000grant · 2026-02-10
- Chief Financial Officer · Performance Share Units → Class A Ordinary Shares, without par valueDisposed 257 143exercise · 2025-09-26
- Head of People and Strategy · Performance Share Units → Class A Ordinary Shares, without par valueDisposed 57 143exercise · 2025-09-26
- Director, Chief Operating Officer · Performance Share Units → Class A Ordinary Shares, without par valueDisposed 217 143exercise · 2025-09-26
- Director, Chief Executive Officer · Performance Share Units → Class A Ordinary Shares, without par valueDisposed 400 000exercise · 2025-09-26
- Chief Financial Officer · Performance Share Units → Class A Ordinary Shares without par valueAcquired 257 143grant · 2025-08-27
- Director, Chief Operating Officer · Performance Share Units → Class A Ordinary Shares without par valueAcquired 217 143grant · 2025-08-27
- Head of People & Strategy · Performance Share Units → Class A Ordinary Shares without par valueAcquired 57 143grant · 2025-08-27
- Director, Chief Executive Officer · Performance Share Units → Class A Ordinary Shares without par valueAcquired 400 000grant · 2025-08-27
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
How metrics are computed
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Market Capmarket_price * shares_outstanding_diluted
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Price To Tangible Bookmarket_price / (tangible_book_value / shares_outstanding_diluted)
Source documents
- New Horizon Aircraft Ltd. company facts · 2026-07-12
- New Horizon Aircraft Ltd. 10-Q 2026-04-14 · 2026-07-12
- New Horizon Aircraft Ltd. 10-Q 2026-01-14 · 2026-07-12
- New Horizon Aircraft Ltd. 10-Q 2025-10-10 · 2026-07-12
- New Horizon Aircraft Ltd. 10-K 2025-08-22 · 2026-07-12
- allocator_boost (allocator) on HOVR · 2026-07-12
Ownership & reference
Top holders
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Institutional Investor · as of 2026-03-310,00 %$0M
Insider activity
Net selling0 buys · 10 sellsnet -$2,2M7 insiders · last 365d
- Director · Class A Ordinary Shares without par valueOther 7 825 · 2026-02-10
- Director · Class A Ordinary Shares without par valueOther 13 482 · 2026-02-10
- Director · Class A Ordinary Shares without par valueOther 7 825 · 2026-02-10
- Director, Chief Executive Officer · Class A Ordinary Shares, without par valueSold 100 000 @ $3,42$342K · 2025-10-15
- Chief Executive Officer · Class A Ordinary Shares, without par valueSold 46 000 @ $4,00$184K · 2025-10-15
- Head of People and Strategy · Class A Ordinary Shares, without par valueSold 100 000 @ $3,72$372K · 2025-10-14
- Director, Chief Executive Officer · Class A Ordinary Shares, without par valueSold 140 000 @ $3,84$537K · 2025-10-14
- Head of People and Strategy · Class A Ordinary Shares, without par valueOther 22 515 @ $3,42$77K · 2025-10-09
- Director, Chief Operating Officer · Class A Ordinary Shares, without par valueOther 93 334 @ $3,42$319K · 2025-10-09
- Chief Financial Officer · Class A Ordinary Shares, without par valueOther 110 527 @ $3,42$378K · 2025-10-09
- Director, Chief Executive Officer · Class A Ordinary Shares, without par valueOther 143 275 @ $3,42$490K · 2025-10-09
- Head of People and Strategy · Class A Ordinary Shares, without par valueOther 57 143 · 2025-09-26
- Chief Financial Officer · Class A Ordinary Shares, without par valueOther 257 143 · 2025-09-26
- Director, Chief Executive Officer · Class A Ordinary Shares, without par valueOther 400 000 · 2025-09-26
- Director, Chief Operating Officer · Class A Ordinary Shares, without par valueOther 217 143 · 2025-09-26
- Director, Chief Executive Officer · Class A Ordinary Shares without par valueSold 90 000 @ $2,24$202K · 2025-09-24
- Director, Chief Executive Officer · Class A Ordinary Shares without par valueSold 90 000 @ $2,23$200K · 2025-09-23
- Director, Chief Operating Officer · Class A Ordinary Shares without par valueSold 22 000 @ $1,79$39K · 2025-08-07
- Head of People & Strategy · Class A Ordinary Shares without par valueSold 10 000 @ $1,75$18K · 2025-08-06
- Director, Chief Executive Officer · Class A Ordinary Shares without par valueSold 49 608 @ $1,67$83K · 2025-08-06
- Director, Chief Executive Officer · Class A Ordinary Shares without par valueSold 150 000 @ $1,61$242K · 2025-08-05
Short positioning
3.0Mshares short+4.2% vs prior
3.42days to cover
42.9%short of daily vol
9.6Kfails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
HOVRCanonical
Nasdaq · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskMedium
Liquidity riskHigh
Current liabilities exceed current assets.
Filings reference going-concern or substantial-doubt language.
Source documents mention dilution or offering risk.
Evidence & claims
From filings & derived data- Return on equity (FY 2023-12-31): -125.5%Derived (calculated)
- Total liabilities (YoY) (2023-12-31 vs 2022-12-31): 1,502.7%Derived (calculated)
- Total assets (YoY) (2023-12-31 vs 2022-12-31): 26,529.5%Derived (calculated)
- Shareholders' equity (YoY) (2023-12-31 vs 2022-12-31): -42,179.2%Derived (calculated)
- Cash & equivalents (YoY) (2023-12-31 vs 2022-12-31): -81.7%Derived (calculated)
- Debt-to-equity (FY 2023-12-31): -1.03xDerived (calculated)
- Current ratio (FY 2023-12-31): 0.12xDerived (calculated)
- Return on assets (FY 2023-12-31): 7.1%Derived (calculated)
- Total assets (annual): USD 122.08MSEC XBRL filing
- Current assets (annual): USD 121.77KSEC XBRL filing
- Operating income (annual): USD -1.67MSEC XBRL filing
- Net income (annual): USD 8.61MSEC XBRL filing
- Shareholders' equity (annual): USD -6.86MSEC XBRL filing
- Pre-tax income (annual): USD 9.71MSEC XBRL filing
- Total liabilities (annual): USD 7.09MSEC XBRL filing
- Current liabilities (annual): USD 986.16KSEC XBRL filing
- Operating cash flow (annual): USD -2.12MSEC XBRL filing
- Cash & equivalents (annual): USD 16.14KSEC XBRL filing
- Debt-to-equity (FY 2022-12-31): 27.10xDerived (calculated)
- Current ratio (FY 2022-12-31): 0.20xDerived (calculated)
- Current assets (annual): USD 89.65KSEC XBRL filing
- Total assets (annual): USD 458.45KSEC XBRL filing
- Shareholders' equity (annual): USD 16.31KSEC XBRL filing
- Cash & equivalents (annual): USD 88.28KSEC XBRL filing
Showing 24 of 26 surfaced claims.
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
2026-07-16 12:46 UTCNEWSHandelsavisen revises New Horizon Aircraft thesis after sector classification audit → Internal data correction prompts updated analysis for the Canadian aerospace firm, with a composite score of 62.67 reflecting adjusted sector benchmarks.
2026-07-16 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
2026-07-16EVENTQ2 2026 earnings (expected) estimated date
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
2026-02-28EARNINGSQuarterly results — Q4 2025
2026-02-10 00:00 UTCINSIDER7 insider transactions — 2026-02 4 derivative
2026-02-10INSIDERMaris John Michael transacted 7.8k sh Class A Ordinary Shares without par value — Director
2026-02-10INSIDERNomura Trisha transacted 13.5k sh Class A Ordinary Shares without par value — Director
2026-02-10INSIDERPinsent John Harold Charles transacted 7.8k sh Class A Ordinary Shares without par value — Director
2026-02-10INSIDERMerker Brian Frederick acquired 312.5k sh Performance Share Units — Chief Financial Officer
2026-02-10INSIDERO'Neill Jason Michael acquired 250.0k sh Performance Share Units — Chief Operating Officer
2026-02-10INSIDERLee Stewart Murray acquired 250.0k sh Performance Share Units — Head of People and Strategy
2026-02-10INSIDERRobinson Eric Brandon acquired 500.0k sh Performance Share Units — Director, Chief Executive Officer
2025-11-30EARNINGSQuarterly results — Q3 2025
2025-10-15 00:00 UTCINSIDER8 insider transactions — 2025-10 · net sell $2.7M
2025-10-15INSIDERRobinson Eric Brandon sold 100.0k sh Class A Ordinary Shares, without par value — Director, Chief Executive Officer ~$342k
2025-10-15INSIDERMerker Brian Frederick sold 46.0k sh Class A Ordinary Shares, without par value — Chief Executive Officer ~$184k
2025-10-14INSIDERLee Stewart Murray sold 100.0k sh Class A Ordinary Shares, without par value — Head of People and Strategy ~$372k
2025-10-14INSIDERRobinson Eric Brandon sold 140.0k sh Class A Ordinary Shares, without par value — Director, Chief Executive Officer ~$537k
2025-10-09INSIDERLee Stewart Murray transacted 22.5k sh Class A Ordinary Shares, without par value — Head of People and Strategy ~$77k
2025-10-09INSIDERO'Neill Jason Michael transacted 93.3k sh Class A Ordinary Shares, without par value — Director, Chief Operating Officer ~$319k
2025-10-09INSIDERMerker Brian Frederick transacted 110.5k sh Class A Ordinary Shares, without par value — Chief Financial Officer ~$378k
2025-10-09INSIDERRobinson Eric Brandon transacted 143.3k sh Class A Ordinary Shares, without par value — Director, Chief Executive Officer ~$490k
2025-09-26 00:00 UTCINSIDER10 insider transactions — 2025-09 · net sell $402k 4 derivative
2025-09-26INSIDERLee Stewart Murray transacted 57.1k sh Class A Ordinary Shares, without par value — Head of People and Strategy
2025-09-26INSIDERMerker Brian Frederick transacted 257.1k sh Class A Ordinary Shares, without par value — Chief Financial Officer
2025-09-26INSIDERRobinson Eric Brandon transacted 400.0k sh Class A Ordinary Shares, without par value — Director, Chief Executive Officer
Showing the 40 most recent of 63 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data
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