• $132.2M
    Market Cap
  • 6.47%
    1-Year Change
  • Aerospace & Defense
    Industry

Key Performance

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  • Earnings Score: N/A
  • Momentum Score: 84
  • True Yield: N/A
  • Financial Health Score: N/A
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Latest Research & News

New Horizon Aircraft: A Speculative Microcap With Take-Off Potential

New Horizon Aircraft (HOVR) is a speculative microcap developing the Cavorite X7 eVTOL aircraft targeting longer-range regional travel (300-500 miles). The company has catalysts in 2026 including prototype completion, a $10.5M INSAT grant, and sufficient cash runway through end of 2026. Analysts forecast 450% upside, but the stock faces headwinds from lack of revenue, high valuation (55x 2035 forecast), and elevated short interest. The stock is expected to trade in a range with support at $1.25-$1.80 and resistance near $2.50.

01/16/2026, 11:17 AM • Investing

Horizon Aircraft Provides Business Update and Fourth Quarter and Full Year 2025 Results

Horizon Aircraft achieved a significant milestone with a successful fan-in-wing forward transition flight of its large-scale prototype in May 2025. The company has a strong balance sheet with 18+ months of liquidity and has attracted world-class engineering talent.

08/22/2025, 8:00 AM • GlobeNewswire

Peers

Statistics

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Day Range
$2.11
$2.25
$2.14
1-Year Range
$1.20
$3.91
$2.14
Latest Close$2.14
Change
-$0.08 (-3.74%)
Volume1,505,762
Market Cap$132.2M
Shares Outstanding61.8M
P/E (TTM)-2.80
Diluted EPS (TTM)-$0.76
Enterprise Value$112.6M

Information as of 06/22/2026

Company Profile

NEW HORIZON AIRCRAFT LTD
https://www.horizonaircraft.com
$132.2M
Market Cap
-$33.1M
Net Income
Sector: Industrials
Industry: Aerospace & Defense
3187 Highway 35, Lindsay, ON, Canada, K9V 4R1
613 866 1935

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the 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.

Key Executives

  • E. Brandon Robinson
  • Brian Merker
  • Jason O'Neill
  • E. Brian Robinson
  • Stewart Lee

Current Ownership Distribution

  • Other35.2M (77.81%)
  • Insiders8.3M (18.30%)
  • Institutions1.7M (3.75%)
  • Mutual Funds59,939 (0.13%)