New Horizon Aircraft Ltd. Class A Ordinary Share (HOVR) carries a Roarable Rating of E (Strong Sell) with 34/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-03, New Horizon Aircraft Ltd. Class A Ordinary Share (NASDAQ: HOVR) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 34/100 at a spot price of $1.20 (-5.91% 1D, market cap $80.2M). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 6/20, and Executive Insider Alignment 7/20. Across 486 tracked Industrials issuers, HOVR ranks #378 in composite RQD confidence.
Within the Industrials sector (Aerospace), HOVR carries a Roarable E (34/100 RQD), trailing P/E of 9.9x, gross margin of —, and ROIC of —. By comparison, EVTL (Vertical Aerospace Ltd.) holds a D grade (46/100 RQD, P/E N/A, ROIC —, cap $72.1M) and SIF (SIFCO Industries Inc.) posts a D- grade (37/100 RQD, P/E N/A, ROIC 0.4%, cap $125.7M). Among the 5-stock peer group, HOVR leads on earnings multiple (9.9x) while SIF leads on capital efficiency (0.4% ROIC).
Per HOVR's SEC EDGAR XBRL 10-K filing (FY2023, filed 2023-12-31, CIK 0001930021), New Horizon Aircraft Ltd. Class A Ordinary Share generated $4.7M in revenue, $8.6M in net income, and -$2.1M in free cash flow against $0 in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 1/9
SEC XBRL FY 2023 (10-K): 0% FCF Margin ($0 FCF) & 52% Gross Margin
Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)
While HOVR currently carries a cautious 34/100 (E) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Industrials with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($1.56) and Max Pain ($1.26) forces dealer call-delta covering toward $3.86.
Forensic Repair Trigger: Halting share dilution (Dilution Drag (+1.36% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
New Horizon Aircraft Ltd. Class A Ordinary Share (HOVR) dropped -5.91% to $1.20, trading at 2% of its 52-week range ($1.16 – $3.68). Stretched risk/reward at 10x P/E (steady margins) under elevated 10-year interest-rate pressure.
New Horizon Aircraft (NASDAQ:HOVR) said it is developing a hybrid-electric vertical takeoff and landing aircraft designed for regional transportation, with the company targeting certification in 2030 and beginning flight
ORLANDO, FL / ACCESS Newswire / October 16, 2026 / RedChip Companies will air interviews with Bimergen Energy (NYSE American:BESS) and New Horizon Aircraft Ltd. (Nasdaq:HOVR) on the RedChip Small Stocks, Big Money™ show,
TORONTO, ON / ACCESS Newswire / October 14, 2026 / New Ltd. ("" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, ann
By Brian Lantier, CFA NASDAQ: HOVR READ THE FULL HOVR RESEARCH REPORT On October 9th, before the market opened, New Horizon Aircraft (NASDAQ: HOVR) released its first quarter results for fiscal 2027 and held a conference
Hybrid-electric demonstrator nears completion as cash runway extends to 24 months.
New Horizon Aircraft (NASDAQ:HOVR) said it is focusing its fiscal 2027 efforts on completing a full-scale Cavorite X7 demonstrator aircraft, with a target to finish assembly around the end of the first quarter of calenda
TORONTO, ON / ACCESS Newswire / October 9, 2026 / New Ltd. ("" or the "Company") (NASDAQ:HOVR), a Canadian aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today
Great Lakes Helicopter to support Cavorite X7 commercialization through maintenance, repair and overhaul services, pilot training, and aircraft purchasesTORONTO, ON / ACCESS Newswire / September 29, 2026 / New Ltd. ("" o
Company Invites Investors to Submit Questions to be Answered on the Webcasted Earnings CallTORONTO, ON / ACCESS Newswire / September 24, 2026 / New Ltd. ("" or the "Company") (NASDAQ:HOVR) announces that it will release
Learn how New Horizon Aircraft is addressing the range, payload, and infrastructure limitations facing first-generation eVTOL platformsManagement to discuss the Cavorite X7's competitive positioning, patented technology,
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on HOVR today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for HOVR. Explore sector supply chains on /butterfly.
Across 486 tracked Industrials securities in the Roarable RQD universe, New Horizon Aircraft Ltd. Class A Ordinary Share (HOVR) ranks #378 by composite RQD confidence (34/100, grade E) and #384 by equity capitalization ($80.2M). Within this direct 5-issuer industry benchmark cohort, HOVR leads on earnings valuation at 9.9x trailing P/E, while SIF leads on capital efficiency and profitability with 0.4% ROIC and 12.5% gross margin. EVTL currently holds the highest overall quantitative score in the immediate peer group at 46/100 (D) compared with HOVR at 34/100 (E).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| HOVR
ACTIVE
New Horizon Aircraft Ltd. Class A Ordinary Share | E | 34/100 | 9.9x | — | — | -5.91% | $80.2M | Benchmark Subject |
| EVTL Vertical Aerospace Ltd. | D | 46/100 | — | — | — | -1.73% | $72.1M | /evtl-vs-hovr → |
| SIF SIFCO Industries Inc. | D- | 37/100 | — | 12.5% | 0.4% | -5.14% | $125.7M | /sif-vs-hovr → |
| DPRO Draganfly Inc. | D | 45/100 | — | — | — | -4.88% | $136.4M | /dpro-vs-hovr → |
| MOB Mobilicom Limited | D | 45/100 | — | — | — | -0.91% | $42.1M | /mob-vs-hovr → |
In its most recent audited fiscal period (FY2023, filed 2023-12-31), New Horizon Aircraft Ltd. Class A Ordinary Share (HOVR) reported GAAP revenue of $4.7M , GAAP net income of $8.6M, operating cash flow of -$2.1M, and free cash flow of -$2.1M . On the balance sheet, HOVR closed FY2023 with $0 in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 1/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2023 (FY) | 2023-12-31 | $4.7M | $8.6M | -$2.1M | -$2.1M | — | — |
As of 2026-11-03, New Horizon Aircraft Ltd. Class A Ordinary Share (NASDAQ: HOVR) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 34/100 at a spot price of $1.20 (-5.91% 1D, market cap $80.2M). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 3/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 6/20, and Executive Insider Alignment 7/20. Across 486 tracked Industrials issuers, HOVR ranks #378 in composite RQD confidence.
Within the Industrials sector (Aerospace), HOVR carries a Roarable E (34/100 RQD), trailing P/E of 9.9x, gross margin of —, and ROIC of —. By comparison, EVTL (Vertical Aerospace Ltd.) holds a D grade (46/100 RQD, P/E N/A, ROIC —, cap $72.1M) and SIF (SIFCO Industries Inc.) posts a D- grade (37/100 RQD, P/E N/A, ROIC 0.4%, cap $125.7M). Among the 5-stock peer group, HOVR leads on earnings multiple (9.9x) while SIF leads on capital efficiency (0.4% ROIC).
Per HOVR's SEC EDGAR XBRL 10-K filing (FY2023, filed 2023-12-31, CIK 0001930021), New Horizon Aircraft Ltd. Class A Ordinary Share generated $4.7M in revenue, $8.6M in net income, and -$2.1M in free cash flow against $0 in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.
HOVR last traded at $1.20 (-5.91% on volume of 754,205 shares), positioning the stock -23.08% below its 50-day simple moving average ($1.56) and -35.83% below its 200-day simple moving average ($1.87). Across its 52-week range of $1.16 to $3.68, HOVR sits at the 1.6% percentile with a 14-day RSI of 28.5 (OVERSOLD (<32)) and an implied next-earnings move of ±10.9% ($1.07 to $1.33).
New Horizon Aircraft Ltd. Class A Ordinary Share (HOVR) earns a live Roarable RQD composite score of 34/100, corresponding to a E letter grade (Roarable Strong Sell) at a spot price of $1.20 (-5.91% 1D, market capitalization $80.2M).
New Horizon Aircraft Ltd. Class A Ordinary Share is a NASDAQ-listed issuer in the Industrials sector, Aerospace industry. Per the market data, the company's gross, operating, and net margins are each reported as 0%.
In its latest audited SEC EDGAR 10-K filing for FY2023 (filed 2023-12-31), New Horizon Aircraft Ltd. Class A Ordinary Share (HOVR) reported $4.7M in annual revenue and $8.6M in GAAP net income. Operating cash flow reached -$2.1M and free cash flow totaled -$2.1M, backed by $0 in total assets against $0 in total debt.
Operating in Aerospace (Industrials), HOVR carries a macro regime beta of 1.00 and gross margin of —.
Real-time company headlines, analyst actions, and sector developments for New Horizon Aircraft Ltd. Class A Ordinary Share (HOVR) • Click "Debate This Headline" to argue it in the Roar Pit below
New Horizon Aircraft (NASDAQ:HOVR) said it is developing a hybrid-electric vertical takeoff and landing aircraft designed for regional transportation, with the company targeting certification in 2030 and beginning flight
ORLANDO, FL / ACCESS Newswire / October 16, 2026 / RedChip Companies will air interviews with Bimergen Energy (NYSE American:BESS) and New Horizon Aircraft Ltd. (Nasdaq:HOVR) on the RedChip Small Stocks, Big Money™ show,
TORONTO, ON / ACCESS Newswire / October 14, 2026 / New Ltd. ("" or the "Company") (NASDAQ:HOVR), an advanced aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, ann
By Brian Lantier, CFA NASDAQ: HOVR READ THE FULL HOVR RESEARCH REPORT On October 9th, before the market opened, New Horizon Aircraft (NASDAQ: HOVR) released its first quarter results for fiscal 2027 and held a conference
Hybrid-electric demonstrator nears completion as cash runway extends to 24 months.
New Horizon Aircraft (NASDAQ:HOVR) said it is focusing its fiscal 2027 efforts on completing a full-scale Cavorite X7 demonstrator aircraft, with a target to finish assembly around the end of the first quarter of calenda
TORONTO, ON / ACCESS Newswire / October 9, 2026 / New Ltd. ("" or the "Company") (NASDAQ:HOVR), a Canadian aerospace company developing one of the first hybrid-electric Vertical Takeoff and Landing (VTOL) aircraft, today
Great Lakes Helicopter to support Cavorite X7 commercialization through maintenance, repair and overhaul services, pilot training, and aircraft purchasesTORONTO, ON / ACCESS Newswire / September 29, 2026 / New Ltd. ("" o
The stock trades at a 9.9 P/E TTM and 9.2 forward P/E, a low earnings multiple relative to its price.. When you look under the hood at HOVR, Fundamental Cash Engine is 8/20 with 0.0% gross margins and 0.0% ROIC. Bears are staring in the rearview mirror while institutional 13F flow (3/20) has been quietly accumulating below $3.68. My 12M target is $1.52.
@MultipleCompression Fair point on 9.9x trailing P/E, but you're ignoring the forward operating leverage in Aerospace. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.
Careful chasing HOVR at $1.20. A 0% ROIC, -2.49% FCF yield, and a Piotroski F-Score of 1/9 indicate weak cash generation and forensic balance-sheet risk.. Gross margin is 0.0%, but operating margin is 0.0%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $0.94 on multiple compression.
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