New Horizon Aircraft
HOVR
Market cap $9.21M

0.3746 USD

-0.0879

19.01%

At close Nov 18, 4:00 PM EST

After hours

0.3800

+0.0054

1.44%

1 day

-19.01%

5 days

-17.18%

1 month

6.94%

3 months

-54.32%

6 months

-74.86%

Year to date

-88.85%

1 year

-88.85%

5 years

-88.85%

10 years

-88.85%

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

Industrials Aircraft

0

Funds holding %

of 6,704 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 1

3.64% less ownership

Funds ownership: 4.04% [Q2] → 0.4% (-3.64%) [Q3]

14% less funds holding

Funds holding: 7 [Q2] → 6 (-1) [Q3]

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

92% less capital invested

Capital invested by funds: $410K [Q2] → $33.3K (-$377K) [Q3]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$2

434%

upside

Avg. target

$2

434%

upside

High target

$2

434%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

EF Hutton

Jesse Sobelson

44% 1-year accuracy

4 / 9 met price target

434%upside

$2

Buy

Initiated

7 Oct 2024

See Analyst Rankings

Financial journalist opinion

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 TakeOff and Landing (“eVTOL”) aircraft developer, announced today that Brandon Robinson, CEO, and Jason O'Neill, COO, will participate in the 13th Annual Roth Technology Conference being held November 19 - 20, 2024, at the Hard Rock Hotel in New York City. Horizon Aircraft's management team will conduct one-on-one and small group meetings on Wednesday, November 20.

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

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 Vertical TakeOff and Landing ("eVTOL") aircraft developer, announced today that it will participate in the LD Micro Main Event XVII Investor Conference, being held on October 28-30, 2024 at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.

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

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 TakeOff and Landing (“eVTOL”) aircraft developer, announced today that it will attend the Japan International Aerospace Exhibition 2024 (“JA2024”) being held October 16 to 19, 2024 in Tokyo, Japan at the Tokyo Big Site.

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

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 par value per share, and accompanying warrants to purchase up to 2,800,000 of its Class A ordinary shares, and (ii) to certain investors, pre-funded warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares. Each Class A ordinary share and accompanying warrant are being sold together at a combined public offering price of $0.50, and each pre-funded warrant and accompanying warrant are being sold together at a combined public offering price of $0.50. Each Warrant will have an exercise price $0.75 per share, be exercisable immediately upon issuance and expire five years from the date of issuance. Each pre-funded warrant will have an exercise price of $0.00001 per share and will be exercisable immediately after the original issue date until the pre-funded warrant is exercised in full. The gross proceeds to Horizon Aircraft from the offering, before deducting the underwriting discounts and other offering expenses, are approximately $2.9 million, assuming no exercise of warrants, and up to approximately $7.25 million, assuming the warrants are exercised in full for cash.

New Horizon Aircraft Announces Closing of $2.9 Million Public Offering

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

Horizon Aircraft Appoints Tom Brassington as Chief Technology Officer

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 developer of hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, today announced the pricing of an underwritten public offering of (i) 2,800,000 of its Class A ordinary shares, no par value per share, and accompanying warrants to purchase up to 2,800,000 of its Class A ordinary shares, and (ii) to certain investors, pre-funded warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 3,000,000 Class A ordinary shares. Each Class A ordinary share and accompanying warrant are being sold together at a combined public offering price of $0.50, and each pre-funded warrant and accompanying warrant are being sold together at a combined public offering price of $0.50. Each Warrant will have an exercise price $0.75 per share, be exercisable immediately upon issuance and expire five years from the date of issuance. Each pre-funded warrant will have an exercise price of $0.00001 per share and will be exercisable immediately after the original issue date until the pre-funded warrant is exercised in full. The gross proceeds to Horizon Aircraft from the offering, before deducting the underwriting discounts and other offering expenses, are expected to be approximately $2.9 million, assuming no exercise of warrants, and up to approximately $7.25 million, assuming the warrants are exercised in full for cash. The offering is expected to close on August 21, 2024, subject to customary closing conditions.

New Horizon Aircraft Announces Pricing of $2.9 Million Public Offering

Why Is New Horizon Aircraft (HOVR) Stock Down 6% Today?

New Horizon Aircraft (NASDAQ: HOVR ) stock is falling on Wednesday after the aerospace original equipment manufacturer company's shares underwent a rally yesterday. That saw shares of HOVR stock close out normal trading hours on Tuesday up 32.2%.

Why Is New Horizon Aircraft (HOVR) Stock Down 6% Today?

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 Landing (“eVTOL”) aircraft developer, announced today that it will attend the Farnborough International Airshow 2024 being held July 22-26, 2024 in Farnborough, England at the Farnborough International Exhibition & Conference Centre. The leading international aerospace and defense industry event features five days of unrivalled opportunities to discover the latest pioneering technology and engineering, announce historic partnerships, and collaboratively work towards the cumulative sustainable aerospace vision.

Horizon Aircraft to Attend the Farnborough International Airshow 2024

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 and Landing (“eVTOL”) aircraft developer, announced today that the Company will participate in a virtual fireside chat during the Jefferies eVTOL / AAM Summit on Thursday, May 30, 2024 at 9:10am Eastern Time.

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

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 Vertical TakeOff and Landing ("eVTOL") aircraft developer, announced today that the Company will participate in the EF Hutton Annual Global Conference on Wednesday, May 15, 2024, at the Plaza Hotel in New York City.

Horizon Aircraft Announces Participation in the EF Hutton Annual Global Conference

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