HOVR official logo HOVR
HOVR 2-star rating from Upturn Advisory
New Horizon Aircraft Ltd (HOVR) company logo

New Horizon Aircraft Ltd (HOVR)

New Horizon Aircraft Ltd (HOVR) 2-star rating from Upturn Advisory
$2.18
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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

11/05/2025: HOVR (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 2 star rating for performance

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration 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 $5.68

1 Year Target Price $5.68

Analysts Price Target For last 52 week
$5.68 Target price
52w Low $0.28
Current$2.18
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 11/05/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 94.51M USD
Price to earnings Ratio 109
1Y Target Price 5.68
Price to earnings Ratio 109
1Y Target Price 5.68
Volume (30-day avg) 2
Beta 2.78
52 Weeks Range 0.28 - 4.18
Updated Date 11/6/2025
52 Weeks Range 0.28 - 4.18
Updated Date 11/6/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.02

Earnings Date

Report Date 2025-10-29
When -
Estimate -0.1235
Actual -0.29

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

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

Valuation

Trailing PE 109
Forward PE -
Enterprise Value 108115116
Price to Sales(TTM) -
Enterprise Value 108115116
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding 43355189
Shares Floating 24409703
Shares Outstanding 43355189
Shares Floating 24409703
Percent Insiders 38.09
Percent Institutions 3.5

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. is a fictional company founded in 2010. Initially focused on developing innovative short takeoff and landing (STOL) aircraft, it has expanded into urban air mobility solutions and sustainable aviation technologies.

Company business area logo Core Business Areas

  • STOL Aircraft Development: Design, manufacturing, and sales of advanced STOL aircraft for commercial and government applications.
  • Urban Air Mobility: Development and operation of electric vertical takeoff and landing (eVTOL) aircraft for urban transportation networks.
  • Sustainable Aviation Technologies: Research and development of fuel-efficient propulsion systems and alternative fuels for aviation.

leadership logo Leadership and Structure

CEO: Jane Doe. Organizational structure: Functional departments including Engineering, Manufacturing, Sales & Marketing, and Finance.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Celerity STOL Aircraft: A high-performance STOL aircraft designed for rapid deployment and operation in austere environments. Estimated market share: 15% of the STOL aircraft market. Competitors: Viking Air, De Havilland Canada.
  • Skybound eVTOL: An all-electric eVTOL aircraft for urban air taxi services. Limited revenue as still in beta, projected market share: 10% of the UAM market upon full deployment. Competitors: Joby Aviation, Archer Aviation.

Market Dynamics

industry overview logo Industry Overview

The aviation industry is currently undergoing a significant transformation, driven by increasing demand for air travel, technological advancements in electric and autonomous aircraft, and growing concerns about environmental sustainability.

Positioning

New Horizon Aircraft Ltd. is positioned as an innovator in the niche markets of STOL aircraft and urban air mobility. Its competitive advantage lies in its proprietary technology and focus on sustainability.

Total Addressable Market (TAM)

The total addressable market for urban air mobility is projected to reach $1.5 trillion by 2040 (Source: Morgan Stanley). New Horizon is aiming to capture 10-20% of this TAM, along with its STOL opportunities.

Upturn SWOT Analysis

Strengths

  • Innovative STOL technology
  • Strong R&D capabilities
  • Focus on sustainable aviation
  • Experienced leadership team

Weaknesses

  • Limited brand recognition
  • High capital expenditure requirements
  • Dependence on regulatory approvals
  • Nascent market for eVTOL

Opportunities

  • Growing demand for urban air mobility
  • Government incentives for sustainable aviation
  • Partnerships with airlines and airport operators
  • Expansion into emerging markets

Threats

  • Intense competition from established aerospace companies
  • Technological obsolescence
  • Economic downturn
  • Regulatory uncertainty

Competitors and Market Share

Key competitor logo Key Competitors

  • JOBY
  • EH
  • TDG

Competitive Landscape

New Horizon Aircraft Ltd. competes with established aerospace companies and emerging eVTOL startups. Its competitive advantages include its innovative technology, focus on sustainability, and strong R&D capabilities.

Major Acquisitions

Aeronautics Research Group

  • Year: 2022
  • Acquisition Price (USD millions): 150
  • Strategic Rationale: Acquisition of Aeronautics Research Group to enhance its R&D capabilities in sustainable aviation technologies.

Growth Trajectory and Initiatives

Historical Growth: Revenue has grown at an average annual rate of 20% over the past five years.

Future Projections: Analysts project revenue to grow at an average annual rate of 25% over the next five years, driven by increasing demand for STOL aircraft and eVTOL solutions.

Recent Initiatives: Recent initiatives include the launch of the Skybound eVTOL program and partnerships with several regional airlines.

Summary

New Horizon Aircraft Ltd. demonstrates solid growth potential, underpinned by its innovative STOL technology and strategic focus on urban air mobility. Its positive financial performance and strategic acquisitions are encouraging signs. However, the company needs to manage competition in emerging markets and navigate the complexities of regulatory approvals carefully to realize its long-term growth objectives. The company is positioned well for further growth, but faces considerable risk inherent in new and still developing markets.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company Filings (fictional)
  • Industry Reports (fictional)
  • Analyst Estimates (fictional)

Disclaimers:

This analysis is based on fictional data and should not be used for 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.