New Horizon AircraftHOVR
Market Cap: $21.4M
About: New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.
Employees: 14
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
75% more funds holding
Funds holding: 4 [Q1] → 7 (+3) [Q2]
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
0.45% less ownership
Funds ownership: 4.49% [Q1] → 4.04% (-0.45%) [Q2]
79% less capital invested
Capital invested by funds: $1.91M [Q1] → $410K (-$1.5M) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for HOVR.
Financial journalist opinion
Based on 3 articles about HOVR published over the past 30 days