NEW HORIZON AIRCRAFT LTD (HOVR) Stock Price, Forecast & Analysis
NASDAQ:HOVR • CA64550A1075
HOVR Key Statistics, Chart & Performance
The current stock price of HOVR is 1.71 USD. In the past month the price decreased by -18.18%. In the past year, price increased by 196.36%.
HOVR Technical Analysis
ChartMill assigns a technical rating of 4 / 10 to HOVR. When comparing the yearly performance of all stocks, HOVR is one of the better performing stocks in the market, outperforming 96.91% of all stocks.
HOVR Financial Highlights
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | N/A | ||
| ROA | N/A | ||
| ROE | N/A | ||
| Debt/Equity | N/A |
HOVR Forecast & Estimates
8 analysts have analysed HOVR and the average price target is 5.99 USD. This implies a price increase of 250.4% is expected in the next year compared to the current price of 1.71.
HOVR Ownership
HOVR Competitors/Peers
| Symbol | Company Name | Technical Rating | Fundamental Rating | FPE | Market Cap |
|---|---|---|---|---|---|
| GE | GENERAL ELECTRIC | 40.9 | 330.926B | ||
| RTX | RTX CORP | 29.29 | 263.773B | ||
| BA | BOEING CO/THE | 1,183.97 | 179.581B | ||
| LMT | LOCKHEED MARTIN CORP | 21.2 | 145.481B | ||
| NOC | NORTHROP GRUMMAN CORP | 24.46 | 96.883B | ||
| GD | GENERAL DYNAMICS CORP | 20.28 | 93.553B | ||
| HWM | HOWMET AEROSPACE INC | 54.22 | 92.815B | ||
| TDG | TRANSDIGM GROUP INC | 27.92 | 74.89B | ||
| LHX | L3HARRIS TECHNOLOGIES INC | 28.32 | 63.651B | ||
| HEI | HEICO CORP | 58.62 | 44.881B |
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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: 30
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 current price of HOVR stock?
The current stock price of HOVR is 1.71 USD. The price decreased by -5% in the last trading session.
Does HOVR stock pay dividends?
HOVR does not pay a dividend.
What is the ChartMill rating of NEW HORIZON AIRCRAFT LTD stock?
HOVR has a ChartMill Technical rating of 4 out of 10 and a ChartMill Fundamental rating of 0 out of 10.
What sector and industry does NEW HORIZON AIRCRAFT LTD belong to?
NEW HORIZON AIRCRAFT LTD (HOVR) operates in the Industrials sector and the Aerospace & Defense industry.
What is the outstanding short interest for NEW HORIZON AIRCRAFT LTD?
The outstanding short interest for NEW HORIZON AIRCRAFT LTD (HOVR) is 8.68% of its float.