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New Horizon Aircraft Ltd (HOVR)



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Upturn Advisory Summary
09/15/2025: HOVR (1-star) is a SELL. SELL since 4 days. Simulated Profits (-6.21%). Updated daily EoD!
1 Year Target Price $2.01
1 Year Target Price $2.01
2 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -15.91% | Avg. Invested days 27 | Today’s Advisory SELL |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 66.27M USD | Price to earnings Ratio 14.08 | 1Y Target Price 2.01 |
Price to earnings Ratio 14.08 | 1Y Target Price 2.01 | ||
Volume (30-day avg) 2 | Beta 2.62 | 52 Weeks Range 0.24 - 2.52 | Updated Date 09/15/2025 |
52 Weeks Range 0.24 - 2.52 | Updated Date 09/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.12 |
Earnings Date
Report Date 2025-08-22 | When Before Market | Estimate -0.05 | Actual -0.28 |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -127.14% | Return on Equity (TTM) - |
Valuation
Trailing PE 14.08 | Forward PE - | Enterprise Value 65371477 | Price to Sales(TTM) - |
Enterprise Value 65371477 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding 39210700 | Shares Floating 23293087 |
Shares Outstanding 39210700 | Shares Floating 23293087 | ||
Percent Insiders 42.12 | Percent Institutions 3.9 |
Upturn AI SWOT
New Horizon Aircraft Ltd

Company Overview
History and Background
New Horizon Aircraft Ltd, founded in 2015, focuses on developing sustainable and innovative aircraft. It achieved significant milestones with its Cavorite X5 aircraft development program, aiming to revolutionize regional air mobility.
Core Business Areas
- Aircraft Development: Design, development, and testing of VTOL aircraft, specifically the Cavorite X5 hybrid-electric VTOL aircraft.
- Regional Air Mobility Solutions: Providing solutions for regional air mobility, targeting commercial and government applications.
- Technology Licensing: Licensing proprietary VTOL technology to other companies.
Leadership and Structure
The company is led by a team of experienced aerospace engineers and business executives. Its structure is based on project teams focused on engineering, marketing, and business development.
Top Products and Market Share
Key Offerings
- Cavorite X5: A hybrid-electric VTOL aircraft designed for regional air mobility. Market share is currently 0% due to pre-revenue status. Potential competitors include Volocopter, Lilium, and Joby Aviation.
Market Dynamics
Industry Overview
The regional air mobility and VTOL aircraft market is rapidly growing, driven by advancements in electric propulsion and increasing demand for efficient transportation. It is still an emerging market with high potential but also high risk.
Positioning
New Horizon Aircraft Ltd aims to be a leader in the VTOL aircraft market with its unique fan-in-wing technology, focusing on fuel efficiency and passenger comfort.
Total Addressable Market (TAM)
The global Urban Air Mobility (UAM) market is projected to reach $36.8 billion by 2030. New Horizon is positioning itself to capture a significant share, targeting regional routes with its Cavorite X5.
Upturn SWOT Analysis
Strengths
- Innovative fan-in-wing technology
- Experienced leadership team
- Strong focus on sustainability
- Potential for high fuel efficiency
Weaknesses
- Pre-revenue stage
- Limited funding
- High R&D costs
- Dependence on certification and regulatory approvals
Opportunities
- Growing demand for regional air mobility
- Increasing government support for sustainable aviation
- Potential partnerships with airlines and airports
- Expansion into new markets and applications
Threats
- Competition from established aerospace companies
- Technological risks and delays
- Regulatory hurdles and certification challenges
- Economic downturns and funding constraints
Competitors and Market Share
Key Competitors
- EH
- JOBY
- LILM
Competitive Landscape
New Horizon Aircraft Ltd differentiates itself with its fan-in-wing technology, aiming for better fuel efficiency. However, it faces competition from companies with more funding and established partnerships.
Growth Trajectory and Initiatives
Historical Growth: No historical revenue growth due to pre-revenue status.
Future Projections: Projected revenue growth depends on successful Cavorite X5 certification and commercialization. Analyst estimates vary widely.
Recent Initiatives: Securing funding for prototype development, engaging with regulatory agencies, and conducting flight tests.
Summary
New Horizon Aircraft Ltd is an early-stage company with promising VTOL technology. Its Cavorite X5 has the potential to disrupt the regional air mobility market, but it faces significant challenges, including securing funding, achieving certification, and competing with larger companies. Success depends on technological execution and market adoption. The company requires sustained financial backing to overcome these hurdles.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company website
- Industry reports
- Press releases
- Analyst reports (estimates)
Disclaimers:
This analysis is based on publicly available information and analyst estimates, which are subject to change. It should not be considered financial advice.
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.
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 | Website https://www.horizonaircraft.com |
Full time employees 30 | Website https://www.horizonaircraft.com |
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.

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