HOVR Overview

New Horizon Aircraft Ltd. is a Canada-based advanced aerospace company. The Company is engaged in designing and developing hybrid-electric vertical takeoff and landing (VTOL) prototype aircraft for future regional air mobility (RAM) networks. The Company's Cavorite X7 prototype can take off vertically, but once in flight, its patented HOVR wing system reverts to the configuration of a conventional airplane. It operates with up to 30% less hydrocarbon emissions than conventional aircraft conducting similar operations. It is designed with 14 redundant lift fans in hover, through which multiple failures can be tolerated. The Company's Cavorite X7 offers state and federal operations through search and rescue missions and supply delivery to zones affected by tornadoes, hurricanes, landslides, storms, floods, or forest fires. It also provides shuttle and transportation services, plus time-sensitive cargo and goods delivery in underserved, remote regions.

Wall Street analysts forecast HOVR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HOVR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

New Horizon Aircraft Ltd revenue for the last quarter amounts to -7.59M USD, increased 113.53

New Horizon Aircraft Ltd. EPS for the last quarter amounts to -6957000.00 USD, increased 156.34

New Horizon Aircraft Ltd (HOVR) has 30 emplpoyees as of May 21 2026.

Today HOVR has the market capitalization of 129.59M USD.