New Horizon Aircraft Ltd.
HOVRIndustrialsNASDAQAerospace & Defense · Last scanned Sep 8, 2026
Scan Results
Daily timeframePart of the industrials sector, New Horizon Aircraft Ltd. (HOVR) is listed under Aerospace & Defense. Valued at $111.4M, HOVR is a micro-cap name in its sector. It also designs and delivers Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically.
Market Cap
$111.4M
Beta
3.86
P/E (TTM)
—
P/E (Fwd)
-2.07
EPS (TTM)
$-0.56
EPS (Fwd)
$-0.80
ROE
-89.8%
ROA
-31.8%
Cash
$78.3M
Total Debt
$72,000
Free CF
-$9.8M
52W Change
1.2%
Annual Financials
Cash vs Debt
Where HOVR stands vs its 150-day and 200-day moving averages
As of the September 3, 2026 close, HOVR finished 14.43% below its 150-day moving average ($1.94) and 13.09% 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 September 3, 2026 close, HOVR's RSI(14) was 24.2, 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 $78.3M in cash against $72K 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 -$9.8M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -89.8% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity.
A beta of 3.86 means HOVR is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. With cash comfortably exceeding debt, HOVR has financial flexibility that may help navigate uncertain periods. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing HOVR's risk profile alongside its fundamentals and technical indicators provides a more complete picture.