
HOVR Stock Forecast & Price Target
HOVR Analyst Ratings
Bulls say
New Horizon Aircraft Ltd demonstrates a solid financial outlook with an expected operational cash burn of approximately $5 million CAD from May 2024 to May 2025, indicating the company's capacity to finance ongoing operations and technical investments until late 2025. The company achieved a notable fully diluted earnings per share of $0.80, primarily driven by a significant accounting gain of approximately $20 million from the termination of a Forward Purchase Agreement liability. Additionally, following a strategic financing initiative that raised more than $8 million CAD, New Horizon Aircraft’s pro forma cash balance now stands at $11.1 million CAD, providing a strong financial foundation for future growth and innovation.
Bears say
New Horizon Aircraft Ltd is expected to face a significant increase in operating losses, with the forecast for FY25 rising to $11.75 million from a prior estimate of $5 million, indicating a concerning trend in financial performance. This adjustment results in an additional cash burn of $6.75 million anticipated over the next six months, which could strain the company's liquidity and financial stability. Such deteriorating financial metrics highlight potential challenges in achieving operational goals and maintaining investor confidence in the company's long-term prospects.
This aggregate rating is based on analysts' research of New Horizon Aircraft Ltd and is not a guaranteed prediction by Public.com or investment advice.
HOVR Analyst Forecast & Price Prediction
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