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NASDAQ: HOVR
New Horizon Aircraft Ltd Stock

$1.04+0.04 (+4%)
Updated May 24, 2024
HOVR Price
$1.04
Fair Value Price
-$0.01
Market Cap
$18.95M
52 Week Low
$0.95
52 Week High
$12.15
P/E
N/A
P/B
-1.62x
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
0.13
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 (28)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how HOVR scored across 33 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

HOVR ($1.04) is overvalued by 14,058.94% relative to our estimate of its Fair Value price of -$0.01 based on Discounted Cash Flow (DCF) modelling
Below Fair Value Valuation
HOVR ($1.04) is not significantly undervalued (14,058.94%) 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
There are 30 more HOVR due diligence checks available for Premium users.

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HOVR News

Valuation

HOVR fair value

Fair Value of HOVR stock based on Discounted Cash Flow (DCF)
Price
$1.04
Fair Value
-$0.01
Undervalued by
14,058.94%
HOVR ($1.04) is overvalued by... subscribe to Premium to read more.
Below Fair Value Valuation
HOVR ($1.04) 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
23.24x
Market
32.03x

HOVR price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
-1.62x
Industry
5.62x

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

TickerMarket Cap1d %P/EP/B
HOVR$18.95M+4.00%N/A-1.62x
SIF$20.55M-0.30%-2.26x0.69x
AZ$17.31M+9.95%-2.01x5.30x
ASTC$16.17M+5.09%-1.41x0.43x
ASTR$14.33M+0.16%-0.07x-0.19x

New Horizon Aircraft Stock FAQ

What is New Horizon Aircraft's quote symbol?

(NASDAQ: HOVR) New Horizon Aircraft trades on the NASDAQ under the ticker symbol HOVR. New Horizon Aircraft stock quotes can also be displayed as NASDAQ: HOVR.

If you're new to stock investing, here's how to buy New Horizon Aircraft stock.

What is the 52 week high and low for New Horizon Aircraft (NASDAQ: HOVR)?

(NASDAQ: HOVR) New Horizon Aircraft's 52-week high was $12.15, and its 52-week low was $0.95. It is currently -91.44% from its 52-week high and 9.47% from its 52-week low.

How much is New Horizon Aircraft stock worth today?

(NASDAQ: HOVR) New Horizon Aircraft currently has 18,220,436 outstanding shares. With New Horizon Aircraft stock trading at $1.04 per share, the total value of New Horizon Aircraft stock (market capitalization) is $18.95M.

New Horizon Aircraft stock was originally listed at a price of $10.15 in Feb 10, 2023. If you had invested in New Horizon Aircraft stock at $10.15, your return over the last 1 years would have been -89.75%, for an annualized return of -89.75% (not including any dividends or dividend reinvestments).

How much is New Horizon Aircraft's stock price per share?

(NASDAQ: HOVR) New Horizon Aircraft stock price per share is $1.04 today (as of May 24, 2024).

What is New Horizon Aircraft's Market Cap?

(NASDAQ: HOVR) New Horizon Aircraft's market cap is $18.95M, as of May 25, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

New Horizon Aircraft's market cap is calculated by multiplying HOVR's current stock price of $1.04 by HOVR's total outstanding shares of 18,220,436.
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