NASDAQ: HOVRNew Horizon Aircraft Ltd Stock
$2.22-0.09 (-3.9%)
Updated Apr 26, 2024
HOVR Price
$2.22
Fair Value Price
-$0.01
Market Cap
$40.45M
52 Week Low
$1.00
52 Week High
$12.15
P/E
N/A
P/B
-3.46x
P/S
N/A
PEG
N/A
Dividend Yield
N/A
Revenue
N/A
Earnings
N/A
Gross Margin
N/A
Operating Margin
N/A
Profit Margin
N/A
Debt to Equity
-1.42
Operating Cash Flow
N/A
Beta
0.14
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A
HOVR Overview
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.
Zen Score
–
Industry Average (29)
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Due Diligence Checks
HOVR ($2.22) is overvalued by 29,868.4% relative to our estimate of its Fair Value price of -$0.01 based on Discounted Cash Flow (DCF) modelling
Below Fair Value Valuation
HOVR ($2.22) is not significantly undervalued (29,868.4%) relative to our estimate of its Fair Value price of -$0.01 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
HOVR's short-term assets ($4.75M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
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HOVR News
Valuation
HOVR fair value
Fair Value of HOVR stock based on Discounted Cash Flow (DCF)
Price
$2.22
Fair Value
-$0.01
Undervalued by
29,868.40%
HOVR ($2.22) is overvalued by... subscribe to Premium to read more.
Below Fair Value Valuation
HOVR ($2.22) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
HOVR price to earnings (PE)
For valuing profitable companies with steady earnings
Company
0x
Industry
23.96x
Market
41.14x
HOVR price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
-3.46x
Industry
5.37x
HOVR's financial health
Profit margin
Revenue
$0.0
Net Income
-$3.9M
Profit Margin
0%
Assets to liabilities
Assets
$5.1M
Liabilities
$17.0M
Debt to equity
-1.42
HOVR's short-term assets ($4.75M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
HOVR's long-term liabilities ($14.97M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
HOVR's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
HOVR's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
N/A
Investing
N/A
Financing
N/A
HOVR vs Defense Stocks
New Horizon Aircraft Stock FAQ
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.