Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI Summary - About
New Horizon Aircraft Ltd(HOVR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for HOVR
09/24/2026: HOVR (1-star) is currently NOT-A-BUY. Pass it for now.
New Horizon Aircraft Ltd is a pre-revenue aerospace company focused on developing the Cavorite X5, a hybrid-electric eVTOL aircraft. Its primary competitive strength lies in a patented 'fan-in-wing' design that aims to overcome the range limitations of battery-only alternatives. The investment story centers on the potential for this technology to disrupt short-haul aviation and logistics markets as electrification scales. However, the company faces significant risks, including the high probability of execution challenges, lengthy and expensive regulatory certification, and intense competition from better-funded rivals. It is suited for speculative, high-risk growth investors who should monitor technical prototype milestones and progress through FAA regulatory gateways.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The speculative nature of the eVTOL market makes this a high-risk, high-reward play. |
| Momentum investor | Mixed fit | Entry should be conditional on significant technical or regulatory news flow supporting an upturn. |
| Value investor | Weak fit | There are no traditional valuation metrics such as P/E or cash flow to support a value thesis. |
| Dividend investor | Weak fit | The company is in an early-stage development phase and does not pay dividends. |
| Low-risk investor | Weak fit | The extreme volatility and binary nature of certification risk are unsuitable for low-risk portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Thin trading volumes and development-stage status lead to erratic price movements. |
| Valuation risk | High | Valuations are driven by future promises rather than current earnings. |
| Competition risk (eVTOL market) | High | Better-funded competitors may reach certification and market first. |
| Business quality | Medium | The company possesses proprietary technology but lacks commercial scale. |
| Dividend income | Low / none | Investors should not expect any income from this stock. |
| Execution risk | High | Failure to achieve FAA certification would be a catastrophic event for the business. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -13.16% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/24/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 112.94M USD | Price to earnings Ratio - | 1Y Target Price 8.31 |
Price to earnings Ratio - | 1Y Target Price 8.31 | ||
Volume (30-day avg) 559.5K shares | Beta 3.86 | 52 Weeks Range 1.16 - 4.18 | Updated Date 09/23/2026 |
52 Weeks Range 1.16 - 4.18 | Updated Date 09/23/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.52 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| eVTOL Development | Future revenue from the sale and operation of Cavorite X5 aircraft. | This is a pre-revenue company currently spending money to build a product that isn't sold yet. |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 67.41M | Price to Sales(TTM) - |
Enterprise Value 67.41M | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding 66.83M | Shares Floating 54.10M |
Shares Outstanding 66.83M | Shares Floating 54.10M | ||
Percent Insiders 20.49 | Percent Institutions 6.85 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About New Horizon Aircraft Ltd
Exchange NASDAQ | Headquarters 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 58 | Website https://www.horizonaircraft.com |
Full time employees 58 | Website https://www.horizonaircraft.com | ||
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, engages in designing and building hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It also designs and delivers 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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.