Stocktoria
New Horizon Aircraft Ltd. (HOVR) earns a Piotroski F-score of 3/9 (weak financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 3/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | 0.814 |
| Retained earnings / assets | -1.127 |
| EBIT / assets | -1.615 |
| Equity / liabilities | 0.445 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| HOVR | New Horizon Aircraft Ltd. | 3/9 | -8.72 | — | — |
| BA | BOEING CO | 7/9 | 1.33 | 76.6 | +34.5% |
| AVAV | AeroVironment Inc | 1/9 | 4.81 | — | +140.9% |
| AIRO | AIRO Group Holdings, Inc. | 2/9 | — | — | +4.6% |
| JOBY | Joby Aviation, Inc. | 3/9 | 1.15 | — | — |
| BETA | BETA Technologies, Inc. | 5/9 | 7.65 | — | +136% |
| UAVS | AgEagle Aerial Systems Inc. | 4/9 | -9.05 | — | -4.3% |
About New Horizon Aircraft Ltd.
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.
FAQ
Is HOVR financially healthy?
New Horizon Aircraft Ltd.'s Piotroski F-score is 3/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does HOVR pay a dividend?
No, New Horizon Aircraft Ltd. does not currently pay a dividend.
How profitable is HOVR?
In FY2025, New Horizon Aircraft Ltd. had a return on equity of -46.5%.
What is the analyst price target for HOVR?
The average Wall-Street price target for New Horizon Aircraft Ltd. is $8.07, about 305.3% above the recent price, from 4 analysts.
Is HOVR a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on New Horizon Aircraft Ltd.: a Piotroski F-score of 3/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-05-31. Facts plus Stocktoria's own computed scores — not investment advice.