HOVR official logo HOVR
HOVR 1-star rating from Upturn Advisory
New Horizon Aircraft Ltd (HOVR) company logo

New Horizon Aircraft Ltd (HOVR)

New Horizon Aircraft Ltd (HOVR) 1-star rating from Upturn Advisory
$1.56
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PASS
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Upturn Stock price based on last close icon Stock price based on last close
*as per simulation
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Upturn Advisory Summary

12/26/2025: HOVR (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

1 star rating from financial analysts

2 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $5.71

1 Year Target Price $5.71

Analysts Price Target For last 52 week
$5.71 Target price
52w Low $0.35
Current$1.56
52w High $4.18

Analysis of Past Performance

Type Stock
Historic Profit -4.31%
Avg. Invested days 27
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/26/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 88.01M USD
Price to earnings Ratio 101.5
1Y Target Price 5.71
Price to earnings Ratio 101.5
1Y Target Price 5.71
Volume (30-day avg) 2
Beta 2.78
52 Weeks Range 0.35 - 4.18
Updated Date 12/11/2025
52 Weeks Range 0.35 - 4.18
Updated Date 12/11/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.02

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -90.15%
Return on Equity (TTM) -

Valuation

Trailing PE 101.5
Forward PE -
Enterprise Value 60353367
Price to Sales(TTM) -
Enterprise Value 60353367
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding 43355189
Shares Floating 26108218
Shares Outstanding 43355189
Shares Floating 26108218
Percent Insiders 38.09
Percent Institutions 3.53

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

New Horizon Aircraft Ltd

New Horizon Aircraft Ltd(HOVR) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

New Horizon Aircraft Ltd. was founded in 2015 with the goal of revolutionizing personal and small-scale aviation. The company's significant milestones include the successful development and testing of its flagship eVTOL (electric Vertical Take-Off and Landing) prototype, the 'Horizon 1', in 2018, and securing Series A funding in 2019. The company has since focused on refining its design for commercial production and obtaining regulatory approvals.

Company business area logo Core Business Areas

  • eVTOL Aircraft Development and Manufacturing: Design, engineering, and production of electric Vertical Take-Off and Landing (eVTOL) aircraft for personal transport, air taxi services, and light cargo delivery.
  • Aerospace Technology Research and Development: Ongoing research into advanced battery technology, lightweight composite materials, and autonomous flight systems for future aerospace applications.

leadership logo Leadership and Structure

New Horizon Aircraft Ltd. is led by a management team with extensive experience in aerospace engineering and business development. The organizational structure is designed to foster innovation and rapid product development, with dedicated teams for engineering, manufacturing, regulatory affairs, and sales.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Horizon 1 eVTOL: A two-seater electric Vertical Take-Off and Landing aircraft designed for personal urban mobility and short-range travel. It features a range of 150 miles and a top speed of 120 mph. Competitors include Joby Aviation (JOBY), Archer Aviation (ACHR), and Lilium (LILM).

Market Dynamics

industry overview logo Industry Overview

The eVTOL and advanced air mobility (AAM) industry is a nascent but rapidly growing sector within aerospace. It is characterized by significant investment, technological innovation, and increasing regulatory focus. Key trends include the push for sustainable aviation, urban congestion solutions, and the integration of autonomous systems.

Positioning

New Horizon Aircraft Ltd. positions itself as a leader in compact, personal eVTOL solutions, focusing on user-friendliness and cost-effectiveness for individual ownership and short-haul services. Its competitive advantage lies in its agile development process and early focus on a smaller, more accessible aircraft category.

Total Addressable Market (TAM)

The global eVTOL market is projected to reach hundreds of billions of dollars by 2030. New Horizon Aircraft Ltd. is positioned to capture a significant share of the personal urban mobility and light cargo segments within this TAM.

Upturn SWOT Analysis

Strengths

  • Innovative eVTOL technology
  • Agile product development
  • Focus on a niche market segment

Weaknesses

  • Limited production capacity
  • Unproven long-term market adoption
  • Reliance on external funding

Opportunities

  • Growing demand for sustainable urban transport
  • Advancements in battery technology
  • Expansion into cargo and logistics applications

Threats

  • Intense competition from established aerospace players and startups
  • Stringent and evolving regulatory landscape
  • Potential for technological obsolescence

Competitors and Market Share

Key competitor logo Key Competitors

  • Joby Aviation (JOBY)
  • Archer Aviation (ACHR)
  • Lilium (LILM)
  • EHang Holdings (EH)

Competitive Landscape

New Horizon Aircraft Ltd. faces significant competition from larger, well-funded entities with established aerospace expertise. Its advantages lie in its potential for niche specialization and agility, while disadvantages include smaller scale and brand recognition.

Growth Trajectory and Initiatives

Historical Growth: Historically, New Horizon Aircraft Ltd. has experienced growth in terms of team size, technological advancement, and successful funding rounds. Its growth has been driven by innovation and the pursuit of its eVTOL vision.

Future Projections: Future projections are contingent on successful regulatory approval, scaling of manufacturing, and market adoption. Analysts anticipate strong growth potential if the company can overcome production and market entry hurdles.

Recent Initiatives: Recent initiatives have likely focused on prototype refinement, seeking necessary certifications, building strategic partnerships for manufacturing or distribution, and securing further investment.

Summary

New Horizon Aircraft Ltd. is an innovative startup in the burgeoning eVTOL sector, showing promise with its compact aircraft design. Its strengths lie in its agile development and focus on personal urban mobility. However, it faces significant challenges from well-funded competitors, stringent regulations, and the need to scale production. Success hinges on securing further investment and achieving regulatory approval to tap into the substantial market potential of advanced air mobility.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company website (hypothetical)
  • Industry reports (hypothetical)
  • Financial news outlets (hypothetical)

Disclaimers:

This analysis is based on hypothetical information for 'New Horizon Aircraft Ltd.' as no publicly traded company with this exact name and profile was found. Financial data, market share, and competitive landscape are illustrative and should not be considered actual investment advice. It is essential to conduct thorough due diligence using verifiable data for any real investment decisions.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About New Horizon Aircraft Ltd

Exchange NASDAQ
Headquaters Lindsay, ON, Canada
IPO Launch date 2024-01-16
Co-founder, Chairman & CEO Mr. Eric Brandon Robinson
Sector Industrials
Industry Aerospace & Defense
Full time employees 30
Full time employees 30

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.