Technology · Aerospace & Defense
Price
$1.92
Market Cap
$86.6M
Employees
30
Beta
3.69
Avg Volume
2,190,180
CEO
Brandon E. Robinson
Business Description
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.
Business History
Price Overview
Last updated: Jun 27, 2026 9:05am (just now)$1.91
+0.03 (+1.60%)
Day Range
$1.85 – $1.96
52-Week Range
$1.16 – $4.18
50-Day MA
$2.26
200-Day MA
$2.06
Volume
865,234.00
Share Structure
Outstanding
45,227,586.00
Float
35,842,235.00
Free Float
79.2%
Normal free float
— 79.2% of shares trade freely, ~20.8% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
9.58
Stock Price: $1.92
EPS (Diluted): 0.20
EPS (Diluted): 0.20
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
10.59
Stock Price: $1.92
Total Equity: $3.55M
Shares: 30,760,000
Total Equity: $3.55M
Shares: 30,760,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-2.85
Market Cap: $86.61M
Total Debt: $0.00
Cash: $10.36M
EBITDA: $5.34M
Total Debt: $0.00
Cash: $10.36M
EBITDA: $5.34M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$27.3M
Market Cap: $86.61M
Total Debt: $0.00
Cash: $10.36M
Total Debt: $0.00
Cash: $10.36M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.00
Stock Price: $1.92
Revenue: $0.00
Shares: 30,760,000
Revenue: $0.00
Shares: 30,760,000
EV/Sales (Total value vs revenue — works when P/E can't)
API0.00
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
0.0%
Gross Profit: $0.00
Revenue: $0.00
Revenue: $0.00
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
0.0%
Operating Income: -$13.59M
Revenue: $0.00
Revenue: $0.00
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
0.0%
Net Income: $5.20M
Revenue: $0.00
Revenue: $0.00
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-258.0%
Net Income: $5.20M
Total Equity: $3.55M
Total Equity: $3.55M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-81.0%
Operating Income: -$13.59M
Tax Rate: 0.0%
Equity: $3.55M
Total Debt: $0.00
Cash: $10.36M
Tax Rate: 0.0%
Equity: $3.55M
Total Debt: $0.00
Cash: $10.36M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
6.16
Current Assets: $11.21M
Current Liabilities: $1.82M
Current Liabilities: $1.82M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $3.55M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $3.55M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
Revenue / Shares Outstanding
—
Revenue: $0.00
Shares: 30,760,000
Shares: 30,760,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.12
Total Equity: $3.55M
Shares: 30,760,000
Shares: 30,760,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.42
Operating CF: -$12.78M
CapEx: -$194,850
Shares: 30,760,000
CapEx: -$194,850
Shares: 30,760,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.92
Stock Price: $1.92
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $5.20M
Net Income: $5.20M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares HOVR against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 1:02am (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Cost of Revenue | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | $0 | $0 |
| Operating Expenses | $1.8M | $1.5M | $4.6M | $13.6M |
| Operating Income | -$1.8M | -$1.5M | -$4.6M | -$13.6M |
| Net Income | -$1.7M | -$1.2M | -$8.2M | $5.2M |
| EBITDA | -$1.6M | -$1.2M | -$7.9M | $5.3M |
| EPS | $-0.24 | $-0.17 | $-0.76 | $0.20 |
| EPS (Diluted) | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 1:02am (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash & Equivalents | $4,322 | $227,969 | $1.8M | $10.4M |
| Total Current Assets | $6,831 | $245,478 | $4.7M | $11.2M |
| Total Assets | $1.2M | $1.4M | $4.9M | $11.5M |
| Current Liabilities | $334,457 | $1.5M | $1.3M | $1.8M |
| Long-Term Debt | $2.0M | $263,131 | $0 | $0 |
| Total Liabilities | $2.4M | $1.8M | $22.9M | $8.0M |
| Total Equity | -$1.3M | $-413,492 | -$17.9M | $3.6M |
| Retained Earnings | -$4.4M | -$5.6M | -$14.7M | -$13.0M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 1:02am (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Cash Flow | -$1.6M | -$1.0M | -$3.3M | -$12.8M |
| Capital Expenditure | $-130,575 | $-77,207 | $-209,000 | $-194,850 |
| Free Cash Flow | -$1.8M | -$1.1M | -$3.5M | -$13.0M |
| Acquisitions (net) | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — |
| Dividends Paid | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 |
| Net Change in Cash | $-154,982 | $223,647 | $1.6M | $7.9M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 1:52pm (19h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$323,787 $313,036 – $334,537
|
$11.2M $11.2M – $11.2M
|
$43.2M $43.2M – $43.2M
|
$182.9M $182.9M – $182.9M
|
| EBITDA | $0 | $0 | $0 | $0 |
| Net Income |
-$24.5M -$24.5M – -$24.5M
|
-$34.8M -$34.8M – -$34.8M
|
-$39.1M -$39.1M – -$39.1M
|
-$29.3M -$29.3M – -$29.3M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 1:02am (3d ago)| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | — | — | — |
| Gross Profit Growth | — | — | — |
| Operating Income Growth | +17.8% | -216.1% | -193.8% |
| Net Income Growth | +24.5% | -554.4% | +163.7% |
| EBITDA Growth | +25.0% | -550.8% | +167.2% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 6:39am (2h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-02-10 | Lee Stewart Murray | A-Award | 250,000.00 | $0.00 | $0 |
| 2026-02-10 | O'Neill Jason Michael | A-Award | 250,000.00 | $0.00 | $0 |
| 2026-02-10 | Merker Brian Frederick | A-Award | 312,500.00 | $0.00 | $0 |
| 2026-02-10 | Robinson Eric Brandon | A-Award | 500,000.00 | $0.00 | $0 |
| 2026-02-10 | Pinsent John Harold Charles | A-Award | 7,825.00 | $0.00 | $0 |
| 2026-02-10 | Maris John Michael | A-Award | 7,825.00 | $0.00 | $0 |
| 2026-02-10 | Nomura Trisha | A-Award | 13,482.00 | $0.00 | $0 |
| 2025-11-25 | Janjua Jameel | 0.00 | $0.00 | $0 | |
| 2025-10-14 | Lee Stewart Murray | S-Sale | 100,000.00 | $3.72 | $372,000 |
| 2025-10-15 | Merker Brian Frederick | S-Sale | 46,000.00 | $4.00 | $184,000 |
| 2025-10-14 | Robinson Eric Brandon | S-Sale | 140,000.00 | $3.84 | $537,320 |
| 2025-10-15 | Robinson Eric Brandon | S-Sale | 100,000.00 | $3.42 | $342,000 |
| 2025-09-26 | Lee Stewart Murray | M-Exempt | 57,143.00 | $0.00 | $0 |
| 2025-10-09 | Lee Stewart Murray | F-InKind | 22,515.00 | $3.42 | $77,001 |
| 2025-09-26 | Lee Stewart Murray | M-Exempt | 57,143.00 | $0.00 | $0 |
| 2025-09-26 | O'Neill Jason Michael | M-Exempt | 217,143.00 | $0.00 | $0 |
| 2025-10-09 | O'Neill Jason Michael | F-InKind | 93,334.00 | $3.42 | $319,202 |
| 2025-09-26 | O'Neill Jason Michael | M-Exempt | 217,143.00 | $0.00 | $0 |
| 2025-09-26 | Merker Brian Frederick | M-Exempt | 257,143.00 | $0.00 | $0 |
| 2025-10-09 | Merker Brian Frederick | F-InKind | 110,527.00 | $3.42 | $378,002 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for HOVR — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30