NEW HORIZON AIRCRAFT LTD (HOVR) Stock Price, Forecast & Analysis
USA - NASDAQ:HOVR - CA64550A1075 - Common Stock
HOVR Key Statistics, Chart & Performance
The current stock price of HOVR is 1.92 USD. In the past month the price decreased by -34.02%. In the past year, price increased by 315.14%.
HOVR Latest News, Press Relases and Analysis
HOVR Competitors/Peers
Symbol | Company Name | TA | FA | PE | Market Cap |
|---|---|---|---|---|---|
| GE | GENERAL ELECTRIC | 49.73 | 323.24B | ||
| RTX | RTX CORP | 28 | 235.01B | ||
| BA | BOEING CO/THE | N/A | 147.09B | ||
| LMT | LOCKHEED MARTIN CORP | 15.96 | 108.74B | ||
| GD | GENERAL DYNAMICS CORP | 22.31 | 92.60B | ||
| HWM | HOWMET AEROSPACE INC | 58.75 | 81.95B | ||
| NOC | NORTHROP GRUMMAN CORP | 20.49 | 79.89B | ||
| TDG | TRANSDIGM GROUP INC | 35.88 | 75.54B | ||
| LHX | L3HARRIS TECHNOLOGIES INC | 25.47 | 54.14B | ||
| HEI | HEICO CORP | 68.63 | 43.66B | ||
| AXON | AXON ENTERPRISE INC | 81.77 | 43.52B | ||
| HEI.A | HEICO CORP-CLASS A | 53.61 | 34.11B |
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About HOVR
Company Profile
New Horizon Aircraft Ltd. engages in manufacturing aircraft. The company is headquartered in Lindsay, Ontario and currently employs 30 full-time employees. The company went IPO on 2023-02-10. The firm is engaged in developing hybrid Electric Vertical Takeoff and Landing (eVTOL) aircraft. The Company’s Cavorite X7 prototype can take off vertically, but once in flight its patented HOVR wing system reverts to the configuration of a conventional airplane. The company operates with up to 30% less hydrocarbon emissions. The company is designed to operate in bad weather, with flight in known icing conditions. The company is designed with 14 redundant lift fans in hover, through which multiple failures can be tolerated. The firm's Cavorite X7 range opens up a wide spectrum of uses, such as critical medical supplies to remote areas, delivery of supplies and rescue of people from post-hurricane zones, business travel/inter-city and regional shuttle, transportation to underserved remote regions, evacuation, and special events control.
Company Info
NEW HORIZON AIRCRAFT LTD
3187 Highway 35
Lindsay ONTARIO CA
Employees: 20
Phone: 16138661935
NEW HORIZON AIRCRAFT LTD / HOVR FAQ
What does HOVR do?
New Horizon Aircraft Ltd. engages in manufacturing aircraft. The company is headquartered in Lindsay, Ontario and currently employs 30 full-time employees. The company went IPO on 2023-02-10. The firm is engaged in developing hybrid Electric Vertical Takeoff and Landing (eVTOL) aircraft. The Company’s Cavorite X7 prototype can take off vertically, but once in flight its patented HOVR wing system reverts to the configuration of a conventional airplane. The company operates with up to 30% less hydrocarbon emissions. The company is designed to operate in bad weather, with flight in known icing conditions. The company is designed with 14 redundant lift fans in hover, through which multiple failures can be tolerated. The firm's Cavorite X7 range opens up a wide spectrum of uses, such as critical medical supplies to remote areas, delivery of supplies and rescue of people from post-hurricane zones, business travel/inter-city and regional shuttle, transportation to underserved remote regions, evacuation, and special events control.
What is the stock price of NEW HORIZON AIRCRAFT LTD today?
The current stock price of HOVR is 1.92 USD. The price decreased by -5.42% in the last trading session.
Does HOVR stock pay dividends?
HOVR does not pay a dividend.
How is the ChartMill rating for NEW HORIZON AIRCRAFT LTD?
HOVR has a ChartMill Technical rating of 5 out of 10 and a ChartMill Fundamental rating of 2 out of 10.
What is the analyst forecast for HOVR stock?
8 analysts have analysed HOVR and the average price target is 5.91 USD. This implies a price increase of 207.98% is expected in the next year compared to the current price of 1.92.
When does NEW HORIZON AIRCRAFT LTD (HOVR) report earnings?
NEW HORIZON AIRCRAFT LTD (HOVR) will report earnings on 2026-01-05.
HOVR Technical Analysis
ChartMill assigns a technical rating of 5 / 10 to HOVR. When comparing the yearly performance of all stocks, HOVR is one of the better performing stocks in the market, outperforming 98.35% of all stocks.
HOVR Fundamental Analysis
ChartMill assigns a fundamental rating of 2 / 10 to HOVR. The financial health of HOVR is average, but there are quite some concerns on its profitability.
HOVR Financial Highlights
Over the last trailing twelve months HOVR reported a non-GAAP Earnings per Share(EPS) of 0.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | N/A | ||
| ROA | 7.06% | ||
| ROE | 7.49% | ||
| Debt/Equity | 0 |
HOVR Forecast & Estimates
8 analysts have analysed HOVR and the average price target is 5.91 USD. This implies a price increase of 207.98% is expected in the next year compared to the current price of 1.92.