New Horizon Aircraft Ltd. (HOVR)

NASDAQ: HOVR · Real-Time Price · USD
0.615
+0.029 (4.95%)
At close: Dec 20, 2024, 4:00 PM
0.810
+0.195 (31.71%)
After-hours: Dec 20, 2024, 7:59 PM EST
4.95%
Market Cap 15.11M
Revenue (ttm) n/a
Net Income (ttm) -7.90M
Shares Out 24.57M
EPS (ttm) -0.55
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 303,303
Open 0.580
Previous Close 0.586
Day's Range 0.571 - 0.625
52-Week Range 0.240 - 12.150
Beta n/a
Analysts Strong Buy
Price Target 2.00 (+225.2%)
Earnings Date Jan 23, 2025

About HOVR

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. [Read more]

Sector Industrials
Founded 2013
Employees 20
Stock Exchange NASDAQ
Ticker Symbol HOVR
Full Company Profile

Financial Performance

Financial numbers in CAD Financial Statements

Analyst Forecast

According to one analyst, the rating for HOVR stock is "Strong Buy" and the 12-month stock price forecast is $2.0.

Price Target
$2.0
(225.20% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Horizon Aircraft Secures $8.4 Million Strategic Investment

~ Deepens Investor's Dedication to Horizon Aircraft Supporting Continued Operations and Development ~ TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing busines...

20 hours ago - GlobeNewsWire

Horizon Aircraft to Participate in the 13th Annual Roth Technology Conference

TORONTO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOf...

6 weeks ago - GlobeNewsWire

Horizon Aircraft to Participate in the LD Micro Main Event XVII Investor Conference

Toronto, Ontario--(Newsfile Corp. - October 16, 2024) - New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Ve...

2 months ago - Newsfile Corp

Horizon Aircraft to Exhibit Hybrid eVTOL at the Japan International Aerospace Exhibition 2024

TORONTO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOf...

2 months ago - GlobeNewsWire

New Horizon Aircraft Announces Closing of $2.9 Million Public Offering

TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), today closed its previously announced underwritten public offering of (i) 2,800,000 of its Class A ordinary shares, no p...

4 months ago - GlobeNewsWire

Horizon Aircraft Appoints Tom Brassington as Chief Technology Officer

Tom Brassington joins from Lilium, bringing significant eVTOL industry experience Tom Brassington joins from Lilium, bringing significant eVTOL industry experience

4 months ago - GlobeNewsWire

New Horizon Aircraft Announces Pricing of $2.9 Million Public Offering

TORONTO, Aug. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and ...

4 months ago - GlobeNewsWire

Horizon Aircraft to Attend the Farnborough International Airshow 2024

TORONTO, July 15, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), a leading hybrid electric Vertical TakeOff and Lan...

5 months ago - GlobeNewsWire

Horizon Aircraft Announces Participation in the 2nd Annual Jefferies eVTOL / AAM Summit

TORONTO, May 23, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff...

7 months ago - GlobeNewsWire

Horizon Aircraft Announces Participation in the EF Hutton Annual Global Conference

Toronto, Ontario--(Newsfile Corp. - May 6, 2024) - New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertica...

8 months ago - Newsfile Corp

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of New Horizon Aircraft Ltd. (HOVR, HOVRW) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of New Horizon Aircr...

8 months ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of New Horizon Aircraft Ltd.

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of New Horizon Aircraft Ltd. (“New Horizon” or the “Company”) (NASDAQ: HOVR, HOVRW) on behalf of investors con...

8 months ago - Business Wire

Horizon Aircraft Provides Corporate Update

~ Substantive Progress in the Transition to Forward Flight Test Program of the Company's Large-Scale Prototype eVTOL Aircraft ~

8 months ago - GlobeNewsWire

Japanese Investors Believe Increased Global Urbanisation is Set to Fuel Growth in eVTOL Sector

65% of Japanese professional investors believe the need to address transportation issues amidst increasing urban populations will be a key driver of eVTOL market growth

9 months ago - GlobeNewsWire

Horizon Aircraft to Participate in the 36th Annual Roth Conference on March 18 and 19, 2024

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeO...

10 months ago - GlobeNewsWire

Horizon Aircraft to Ring the Nasdaq Closing Bell on Thursday, January 25, 2024 to Commemorate Public Listing

TORONTO, Jan. 24, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOf...

11 months ago - GlobeNewsWire

Horizon Aircraft CEO to become chairman after SPAC merger

Robinson Aircraft, which does business as Horizon Aircraft, said that Chief Executive Brandon Robinson would become chairman after it goes public.

1 year ago - Market Watch

Horizon Aircraft Announces Board of Directors for Post-Merger Public Company

~ Board Announced in Anticipation of January 2024 Merger Between Horizon Aircraft and Pono Capital Three, Inc. ~ ~ Horizon's Chief Executive Officer Brandon Robinson Appointed Chairman ~ ~ Board Consi...

1 year ago - GlobeNewsWire

Horizon Aircraft and Pono Capital Three, Inc. Announce Effectiveness of Form S-4 Registration Statement and Date of Pono's Special Meeting to Approve Business Combination

~ Special Meeting of Pono Capital Three, Inc. Shareholders to Approve Business Combination Scheduled for January 4, 2024 ~

1 year ago - GlobeNewsWire