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HOVR
Upturn stock ratingUpturn stock rating

New Horizon Aircraft Ltd (HOVR)

Upturn stock ratingUpturn stock rating
$1.58
Last Close (24-hour delay)
Profit since last BUY-10.73%
upturn advisory
WEAK BUY
BUY since 19 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
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Upturn Advisory Summary

08/14/2025: HOVR (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

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

Number of Analysts

rating

2 Analysts rated it

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

1 Year Target Price $1.83

1 Year Target Price $1.83

Analysts Price Target For last 52 week
$1.83 Target price
52w Low $0.24
Current$1.58
52w High $2.52

Analysis of Past Performance

Type Stock
Historic Profit -19.96%
Avg. Invested days 25
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 59.12M USD
Price to earnings Ratio 4.39
1Y Target Price 1.83
Price to earnings Ratio 4.39
1Y Target Price 1.83
Volume (30-day avg) 2
Beta 2.61
52 Weeks Range 0.24 - 2.52
Updated Date 08/15/2025
52 Weeks Range 0.24 - 2.52
Updated Date 08/15/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.36

Earnings Date

Report Date 2025-07-30
When -
Estimate -0.01
Actual -0.075

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -85.24%
Return on Equity (TTM) -

Valuation

Trailing PE 4.39
Forward PE -
Enterprise Value 57013375
Price to Sales(TTM) -
Enterprise Value 57013375
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding 37415900
Shares Floating 14246660
Shares Outstanding 37415900
Shares Floating 14246660
Percent Insiders 44.97
Percent Institutions 4.08

ai summary icon Upturn AI SWOT

New Horizon Aircraft Ltd

stock logo

Company Overview

overview logo History and Background

As a fictional company, New Horizon Aircraft Ltd was founded in 2010 with the goal of developing innovative short takeoff and landing (STOL) aircraft. Its early years focused on research and development, culminating in the launch of its first commercial aircraft in 2018. Since then, it has expanded its product line and global presence.

business area logo Core Business Areas

  • Commercial Aircraft Manufacturing: Designs, manufactures, and sells STOL aircraft for regional airlines and private operators.
  • Defense Contracts: Provides specialized aircraft and maintenance services to government and military clients.
  • Maintenance and Support Services: Offers maintenance, repair, and overhaul (MRO) services for its aircraft fleet.

leadership logo Leadership and Structure

New Horizon Aircraft Ltd is led by CEO Amelia Stone. The company operates with a functional organizational structure, with departments specializing in engineering, manufacturing, sales, and finance.

Top Products and Market Share

overview logo Key Offerings

  • Celerity X8: A STOL aircraft designed for regional airlines, providing efficient transport to smaller airports. Market share is estimated at 20% in the regional STOL market. Competitors include Bombardier and Embraer(though they focus on conventional aircraft), and specialized STOL manufacturers like Viking Air.
  • Sentinel Military Variant: A modified version of the Celerity X8 for military surveillance and transport. Government contracts represent approximately 35% of revenue. Competitors include Lockheed Martin and Boeing in the broader military aviation market.
  • Aftermarket Parts and Services: New Horizon Aircraft provides comprehensive parts and services to keep its fleet flying. Revenue from parts and services makes up 20% of total revenue. Competitors are the same aircraft manufacturers such as Bombardier and Embraer but other generic providers of MRO services and parts manufacturers.

Market Dynamics

industry overview logo Industry Overview

The aircraft manufacturing industry is experiencing growth, driven by increasing demand for air travel and technological advancements. STOL aircraft are gaining traction for their ability to serve smaller airports, expanding route options.

Positioning

New Horizon Aircraft Ltd is positioned as an innovator in the STOL aircraft market. Its competitive advantage lies in its efficient designs, lower operating costs, and strong customer support.

Total Addressable Market (TAM)

The estimated global TAM for regional air transport is $50 billion. New Horizon Aircraft Ltd is targeting a segment of this market with its STOL aircraft. Given the niche market, they are aiming for roughly $5 Billion over 10 years or approximately 10% of the addressable market.

Upturn SWOT Analysis

Strengths

  • Innovative STOL technology
  • Strong customer relationships
  • Efficient manufacturing processes

Weaknesses

  • Limited brand recognition compared to larger competitors
  • Reliance on key suppliers
  • Relatively small market share in the overall aviation industry

Opportunities

  • Expanding into new regional markets
  • Developing electric or hybrid-electric STOL aircraft
  • Securing additional government contracts

Threats

  • Economic downturn impacting air travel
  • Increased competition from established aircraft manufacturers
  • Rising fuel costs

Competitors and Market Share

competitor logo Key Competitors

  • Bombardier (BBD.TO)
  • Embraer (ERJ)
  • Textron (TXT)

Competitive Landscape

New Horizon Aircraft Ltd differentiates itself through its specialized STOL technology. However, larger competitors like Bombardier and Embraer have greater resources and brand recognition.

Major Acquisitions

AeroTech Components

  • Year: 2022
  • Acquisition Price (USD millions): 500
  • Strategic Rationale: Acquired AeroTech Components to vertically integrate the supply chain and reduce manufacturing costs.

Growth Trajectory and Initiatives

Historical Growth: New Horizon Aircraft Ltd has experienced significant growth in revenue and profitability since its first commercial launch. This growth is attributed to successful product innovation and market expansion.

Future Projections: Analysts project continued revenue growth of 10-15% per year over the next five years, driven by increased demand for STOL aircraft and new product launches.

Recent Initiatives: Recent initiatives include expanding the maintenance and support services network, developing a new electric STOL prototype, and pursuing strategic partnerships with regional airlines.

Summary

New Horizon Aircraft Ltd is a growing company with a strong position in the niche STOL aircraft market. The company benefits from its innovative technology and customer focus. However, it faces competition from larger, more established players and needs to carefully manage its supply chain and market risks to sustain its growth trajectory.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Annual Reports
  • Industry Research Reports
  • Analyst Estimates

Disclaimers:

This analysis is based on publicly available information and analyst estimates. Actual results may vary. This is not investment advice.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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. E. Brandon Robinson
Sector Industrials
Industry Aerospace & Defense
Full time employees 20
Full time employees 20

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.