New Horizon Aircraft Ltd. (HOVR) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
New Horizon Aircraft Ltd. (HOVR) stock forecast summary
Our AI ranks New Horizon Aircraft Ltd. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
New Horizon Aircraft Ltd. is a small-cap company with a market capitalization of $92M. 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 18.0%, measured on 321 forecast dates between 2023-04-07 and 2026-07-17 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 -1.0%, measured on 364 forecast dates between 2023-04-07 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% 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 ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How HOVR ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
New Horizon Aircraft Ltd. (HOVR) fundamentals
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).
Valuation & Market
| Metric | HOVR | Rank |
|---|---|---|
| Market Cap | $92M | 11/17 |
| P/B Ratio | 1.89x | 5/10 |
| EPS | $-0.39 | – |
| Book Value/Share | $0.73 | – |
| FCF/Share | $-0.25 | – |
Profitability & Margins
| Metric | HOVR | Rank |
|---|---|---|
| ROE | -38.8% | 4/8 |
| ROA | -34.9% | 6/8 |
| ROIC | -36.6% | 10/14 |
Financial Health
| Metric | HOVR | Rank |
|---|---|---|
| Current Ratio | 30.19x | 1/18 |
| D/E Ratio | 0.11x | 13/15 |
| Financial Leverage | 1.11x | 12/14 |
| Interest Coverage | -5909.0x | 14/14 |
| Working Capital | $52M | 11/18 |
Cash Flow
| Metric | HOVR | Rank |
|---|---|---|
| Operating Cash Flow | -$15M | 10/17 |
| Free Cash Flow | -$16M | 4/13 |
| Capital Spending | -$1M | 4/13 |
Income Statement
| Metric | HOVR | Rank |
|---|---|---|
| Operating Income | -$19M | 7/15 |
| Net Income | -$19M | 4/9 |
| R&D Expense | $13M | 10/15 |
Dividend & Shareholder Information
| Metric | HOVR | Rank |
|---|---|---|
| Shares Outstanding | 67M | – |
| EPS Growth | -1900.0% | – |
Balance Sheet Highlights (USD millions, converted from CAD)
| Total Current Assets | $53M | 98.1% of assets |
| Cash & Short-term Investments | $51M | 93.1% of assets |
| Accounts Receivable | $870K | 1.6% of assets |
| Total Liabilities | $6M | 10.2% of assets |
| Short-term Debt | $600K | 1.1% of assets |
HOVR quarterly financials and insider trading
New Horizon Aircraft Ltd. (HOVR) industry peers
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.
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Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| HOVR New Horizon Aircraft Ltd. | ▼ | $92M |
| BA Boeing Co | ▶ | $150.34B |
| EMBJ Embraer S.A. | ▶ | $13.08B |
| AVAV Aerovironment Inc | ▼ | $6.19B |
| JOBY Joby Aviation, Inc. | ▶ | $4.61B |
| BETA Beta Technologies, Inc. | ▲ | $4.22B |
| ACHR Archer Aviation Inc. | ▼ | $3.13B |
| AVEX Aevex Corp. | ▼ | $1.75B |
| EVEX Eve Holding, Inc. | ▲ | $565M |
| AIRO Airo Group Holdings, Inc. | ▼ | $167M |
| DPRO Draganfly Inc. | ▶ | $145M |
| EVTL Vertical Aerospace Ltd. | ▲ | $69M |
| UAVS Ageagle Aerial Systems Inc. | ▼ | $44M |
| MOB Mobilicom Ltd | ▲ | $37M |
| DUKR Duke Robotics Corp. | ▼ | $15M |
| XERI Xeriant, Inc. | ▶ | $10M |
| BRQL Dynamic Aerospace Systems Corp | ▶ | $6M |
| MTTN Matternet, Inc. | ▼ | N/A |
Where HOVR sits on the market map
New Horizon Aircraft Ltd. (HOVR) stock news
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New Horizon Aircraft Ltd. (HOVR) stock forecast FAQ
What is the New Horizon Aircraft Ltd. (HOVR) stock forecast?
Our AI ranks New Horizon Aircraft Ltd. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are New Horizon Aircraft Ltd. stock predictions?
For HOVR, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 18.0%, measured on 321 forecast dates between 2023-04-07 and 2026-07-17 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 -1.0%, measured on 364 forecast dates between 2023-04-07 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are New Horizon Aircraft Ltd. forecasts updated?
New Horizon Aircraft Ltd. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are New Horizon Aircraft Ltd.'s industry peers?
18 issuers in our coverage, HOVR included, share the SEC industry code Aircraft. The largest are: Boeing Co (BA), Embraer S.A. (EMBJ), Aerovironment Inc (AVAV), Joby Aviation, Inc. (JOBY), Beta Technologies, Inc. (BETA), 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.