12 Month Price Forecast For HOVR
Distance to HOVR Price Forecasts
HOVR Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: February 16, 2025 4:01 AM UTC
HOVR Analyst Ratings & Price Targets
Based on our analysis of 2 Wall Street analysts, HOVR has a bullish consensus with a median price target of $2.03 (ranging from $2.03 to $2.03). Currently trading at $0.58, the median forecast implies a 251.3% upside. This outlook is supported by 1 Buy, 0 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
HOVR Analyst Consensus
HOVR Price Target Range
Latest HOVR Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for HOVR.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Jan 15, 2025 | D. Boral Capital | Jesse Sobelson | Buy | Maintains | $2.00 |
Jan 8, 2025 | D. Boral Capital | Jesse Sobelson | Buy | Maintains | $2.00 |
Dec 30, 2024 | D. Boral Capital | Buy | Maintains | $0.00 | |
Oct 7, 2024 | EF Hutton | Jesse Sobelson | Buy | Initiates | $2.00 |
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The following stocks are similar to New Horizon based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
New Horizon Aircraft Ltd. (HOVR) Financial Data
New Horizon Aircraft Ltd. has a market capitalization of $18.02M with a P/E ratio of 1.7x. The company generates $0 in trailing twelve-month revenue with a 0.0% profit margin.
Revenue growth is N/A quarter-over-quarter, while maintaining an operating margin of 0.0% and return on equity of +45.5%.
Valuation Metrics
Growth & Margins
Financial Health
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New Horizon Aircraft Ltd. (HOVR) Company Overview
About New Horizon Aircraft Ltd.
Develops hybrid electric eVTOL aircraft.
The company operates as an original equipment manufacturer (OEM) specializing in the design and development of hybrid electric vertical takeoff and landing (eVTOL) aircraft. It primarily targets the regional air mobility market in the United States, generating revenue through the sale of its innovative aircraft, such as the Cavorite X7.
Founded in 2013 and headquartered in Lindsay, Canada, New Horizon Aircraft Ltd. is positioned within a growing market focused on sustainable aviation solutions. The Cavorite X7 features a 7-seat capacity and aims to combine the convenience of vertical takeoff and landing with hybrid electric technology, appealing to both commercial and private aviation sectors.
Company Information
Sector
Industrials
Industry
Aerospace & Defense
Employees
20
CEO
Mr. E. Brandon Robinson
Country
Canada
IPO Year
2024
Website
www.horizonaircraft.comNew Horizon Aircraft Ltd. (HOVR) Latest News & Analysis
Horizon Aircraft Announces Exercise of Warrants, Providing an Additional $2.7 Million in Gross Proceeds
1 month agoNew Horizon Aircraft Ltd. secured its balance sheet with a second capital infusion of $11.1 million in 30 days, including $2.7 million from exercising 2.5 million warrants.
The capital infusion strengthens Horizon Aircraft's balance sheet, enhancing liquidity and supporting growth in the competitive eVTOL sector, potentially boosting investor confidence.
Horizon Aircraft (NASDAQ: HOVR) secured an $8.4 million investment from a strategic investor to support its operations and development in hybrid electric eVTOL aircraft.
The $8.4 million investment signals strong confidence in Horizon Aircraft's eVTOL technology, potentially enhancing growth prospects and stability for investors in the aerospace sector.
New Horizon Aircraft Ltd. (NASDAQ: HOVR) will participate in the 13th Annual Roth Technology Conference on November 19-20, 2024, with management meetings scheduled for November 20.
Horizon Aircraft's participation in the Roth Technology Conference signals potential investor interest and showcases leadership engagement, which could influence stock performance and market perception.
New Horizon Aircraft Ltd. (NASDAQ: HOVR) will participate in the LD Micro Main Event XVII Investor Conference from October 28-30, 2024, in Los Angeles, CA.
Horizon Aircraft's participation in a prominent investor conference signals potential growth opportunities and increased visibility, which could attract investor interest and impact stock performance.
Horizon Aircraft to Exhibit Hybrid eVTOL at the Japan International Aerospace Exhibition 2024
4 months agoNew Horizon Aircraft Ltd. (NASDAQ: HOVR) will attend the Japan International Aerospace Exhibition 2024 in Tokyo from October 16-19, showcasing its hybrid electric eVTOL aircraft.
Horizon Aircraft's participation in JA2024 highlights its commitment to expanding its presence in the aerospace market, potentially attracting partnerships and investment opportunities.
Tom Brassington has joined a new company from Lilium, contributing extensive experience in the eVTOL industry.
Tom Brassington's arrival enhances leadership in the eVTOL sector, potentially boosting innovation and investor confidence in the company's growth prospects.
Frequently Asked Questions About HOVR Stock
What is New Horizon Aircraft Ltd.'s (HOVR) stock forecast for 2025?
Based on our analysis of 2 Wall Street analysts, New Horizon Aircraft Ltd. (HOVR) has a median price target of $2.03. The highest price target is $2.03 and the lowest is $2.03.
Is HOVR stock a good investment in 2025?
According to current analyst ratings, HOVR has 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $0.58. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for HOVR stock?
Wall Street analysts predict HOVR stock could reach $2.03 in the next 12 months. This represents a 251.3% increase from the current price of $0.58. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is New Horizon Aircraft Ltd.'s business model?
The company operates as an original equipment manufacturer (OEM) specializing in the design and development of hybrid electric vertical takeoff and landing (eVTOL) aircraft. It primarily targets the regional air mobility market in the United States, generating revenue through the sale of its innovative aircraft, such as the Cavorite X7.
What is the highest forecasted price for HOVR New Horizon Aircraft Ltd.?
The highest price target for HOVR is $2.03 from at , which represents a 251.3% increase from the current price of $0.58.
What is the lowest forecasted price for HOVR New Horizon Aircraft Ltd.?
The lowest price target for HOVR is $2.03 from at , which represents a 251.3% increase from the current price of $0.58.
What is the overall HOVR consensus from analysts for New Horizon Aircraft Ltd.?
The overall analyst consensus for HOVR is bullish. Out of 2 Wall Street analysts, 1 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $2.03.
How accurate are HOVR stock price projections?
Stock price projections, including those for New Horizon Aircraft Ltd., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.