New Horizon Aircraft Ltd. (HOVR) Stock

New Horizon Aircraft Ltd. (HOVR) is a Industrials stock trading at $2.24 (as of 2026-06-18), with a market capitalization of $132.40M and a trailing P/E of -2.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

New Horizon Aircraft Ltd., an aerospace engineering company, focuses on designing and developing the hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market primarily in the United States. It is developing 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.

Valuation — source: SEC EDGAR (first-party)
Price	$2.24
Market Cap	$132.40M
P/E Ratio	-2.4
EV / EBITDA	-3.6
Price / Book	7.11
DCF Value (model)	$-3.91
DCF Upside vs Price	-274.6%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$5.22M
Net Margin	165.1%
Return on Equity	-234.0%
Debt / Equity	0.01
Current Ratio	14.81

Valuation vs Sector & Industry
Stock P/E	-2.4
Sector P/E (Industrials)	27.8
Industry P/E (Aircraft)	53.6
vs Sector	-108.7%
vs Industry	-104.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	RENAISSANCE TECHNOLOGIES LLC ($644895.00)
Institutional Holders Tracked	10

Company
Sector	Industrials
Industry	Aircraft
CEO	Eric Brandon Robinson
Employees	20
Country	CA
IPO Date	2023-04-03

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

Data as of 2026-06-18.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.