New Horizon Aircraft Ltd.
HOVRIndustrialsNASDAQAerospace & Defense · Last scanned Oct 24, 2026
Scan Results
Daily timeframeNew Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, engages in designing and building hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air. The $85.5M market capitalization puts HOVR squarely in micro-cap range for its industry. It also designs and delivers Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically.
Market Cap
$85.5M
Beta
3.84
P/E (TTM)
—
P/E (Fwd)
-2.01
EPS (TTM)
$-0.40
EPS (Fwd)
$-0.64
ROE
-66.9%
ROA
-36.1%
Cash
$70.1M
Total Debt
$53,000
Free CF
-$15.1M
52W Change
-52.9%
Annual Financials
Cash vs Debt
Where HOVR stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, HOVR finished 26.46% below its 150-day moving average ($1.89) and 27.23% below its 200-day moving average ($1.91). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is HOVR overbought or oversold?
At the October 20, 2026 close, HOVR's RSI(14) was 14.8, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
New Horizon Aircraft Ltd. holds $70.1M in cash against $53K in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow is running at -$15.1M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -66.9% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity.
A beta of 3.84 means HOVR is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing HOVR.