Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Our AI scores New Horizon Aircraft Ltd. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
New Horizon Aircraft Ltd. is a small-cap company with a market capitalization of $85M. It ranks number 11 by market capitalization among the 17 Aircraft issuers in our coverage with a current forecast. Its Current Ratio of 30.19x is the highest of the 18 peers that report one.
For HOVR, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 5.0%, measured on 324 forecast dates between 2023-04-07 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 0.0%, measured on 367 forecast dates between 2023-04-07 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, HOVR included.
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Aircraft peers listed below that report each metric. Statement values were filed in CAD and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
| Metric | HOVR | Rank |
|---|---|---|
| Market Cap | $85M | 11/17 |
| P/B Ratio | 1.74x | 5/9 |
| EPS | $-0.39 | – |
| Book Value/Share | $0.73 | – |
| FCF/Share | $-0.25 | – |
| Metric | HOVR | Rank |
|---|---|---|
| ROE | -38.8% | 4/7 |
| ROA | -34.9% | 6/8 |
| ROIC | -36.6% | 9/14 |
| Metric | HOVR | Rank |
|---|---|---|
| Current Ratio | 30.19x | 1/18 |
| D/E Ratio | 0.11x | 12/14 |
| Financial Leverage | 1.11x | 11/13 |
| Interest Coverage | -5909.0x | 14/14 |
| Working Capital | $52M | 11/18 |
| Metric | HOVR | Rank |
|---|---|---|
| Operating Cash Flow | -$15M | 10/17 |
| Free Cash Flow | -$16M | 5/13 |
| Capital Spending | -$1M | 4/13 |
| Metric | HOVR | Rank |
|---|---|---|
| Operating Income | -$19M | 7/15 |
| Net Income | -$19M | 4/9 |
| R&D Expense | $13M | 10/15 |
| Metric | HOVR | Rank |
|---|---|---|
| Shares Outstanding | 67M | – |
| EPS Growth | -1900.0% | – |
| Total Current Assets | $53M | 97.7% of assets |
| Cash & Short-term Investments | $51M | 92.7% of assets |
| Accounts Receivable | $870K | 1.6% of assets |
| Total Liabilities | $6M | 10.1% of assets |
| Short-term Debt | $600K | 1.1% of assets |
Companies classified under the same SEC industry code as New Horizon Aircraft Ltd. (Aircraft): 18 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| HOVR New Horizon Aircraft Ltd. | $85M | |
| BA Boeing Co | $137.41B | |
| EMBJ Embraer S.A. | $13.39B | |
| BETA Beta Technologies, Inc. | $6.34B | |
| JOBY Joby Aviation, Inc. | $5.87B | |
| AVAV Aerovironment Inc | $5.73B | |
| ACHR Archer Aviation Inc. | $3.42B | |
| AVEX Aevex Corp. | $1.16B | |
| EVEX Eve Holding, Inc. | $645M | |
| AIRO Airo Group Holdings, Inc. | $164M | |
| DPRO Draganfly Inc. | $111M | |
| EVTL Vertical Aerospace Ltd. | $69M | |
| MOB Mobilicom Ltd | $26M | |
| UAVS Ageagle Aerial Systems Inc. | $20M | |
| DUKR Duke Robotics Corp. | $10M | |
| XERI Xeriant, Inc. | $10M | |
| BRQL Dynamic Aerospace Systems Corp | $6M | |
| MTTN Matternet, Inc. | N/A |
About New Horizon Aircraft Ltd. Horizon Aircraft (NASDAQ:HOVR) is an advanced aerospace company that is developing one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) ...
MOU is a step toward faster, all-weather medevac and patient transfer for Constance Lake First Nation, cutting critical ...
Placement Agent Warrants of New Horizon Aircraft Ltd. are subject to a Lock-Up Agreement Ending on 7-NOV-2026. These Placement Agent Warrants will be under lockup for 180 days starting ...
Our AI scores New Horizon Aircraft Ltd. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
For HOVR, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 5.0%, measured on 324 forecast dates between 2023-04-07 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 0.0%, measured on 367 forecast dates between 2023-04-07 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
New Horizon Aircraft Ltd. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
18 issuers in our coverage, HOVR included, share the SEC industry code Aircraft. The largest are: Boeing Co (BA), Embraer S.A. (EMBJ), Beta Technologies, Inc. (BETA), Joby Aviation, Inc. (JOBY), Aerovironment Inc (AVAV), Archer Aviation Inc. (ACHR).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
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