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New Horizon Aircraft Ltd. (HOVR) Stock Forecast & Price Prediction

Live HOVR Stock Price & Analysis

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$0.58

-0.01 (-0.86%)

12 Month Price Forecast For HOVR

$0.58
Current Price
$18.02M
Market Cap
1 Ratings
Buy 1
Hold 0
Sell 0
Wall St Analyst Ratings

Distance to HOVR Price Forecasts

+251.3%
To High Target of $2.03
+251.3%
To Median Target of $2.03
+251.3%
To Low Target of $2.03

HOVR Price Momentum

-10.8%
1 Week Change
-35.6%
1 Month Change
-66.5%
1 Year Change
-48.7%
Year-to-Date Change
-82.5%
From 52W High of $3.29
+140.4%
From 52W Low of $0.24

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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

1
Buy
0
Hold
0
Sell

HOVR Price Target Range

Low
$2.03
Average
$2.03
High
$2.03
Current: $0.58

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

Stocks Similar to New Horizon Aircraft Ltd.

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

Market Cap $18.02M
Enterprise Value $12.23M
P/E Ratio 1.7x
PEG Ratio 0.0x
Price/Sales 0.0x

Growth & Margins

Revenue Growth (YoY) N/A
Gross Margin N/A
Operating Margin 0.0%
Net Margin 0.0%
EPS Growth N/A

Financial Health

Cash/Price Ratio +4.9%
Current Ratio 2.8x
Debt/Equity 0.0x
ROE +45.5%
ROA -123.8%

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New Horizon Aircraft Ltd. logo

New Horizon Aircraft Ltd. (HOVR) Company Overview

About New Horizon Aircraft Ltd.

What They Do

Develops hybrid electric eVTOL aircraft.

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.

Additional Information

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

New Horizon Aircraft Ltd. (HOVR) Latest News & Analysis

HOVR stock latest news image
Quick Summary

New 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.

Why It Matters

The capital infusion strengthens Horizon Aircraft's balance sheet, enhancing liquidity and supporting growth in the competitive eVTOL sector, potentially boosting investor confidence.

Source: GlobeNewsWire
Market Sentiment: Neutral
HOVR stock latest news image
Quick Summary

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.

Why It Matters

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.

Source: GlobeNewsWire
Market Sentiment: Neutral
HOVR stock latest news image
Quick Summary

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.

Why It Matters

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.

Source: GlobeNewsWire
Market Sentiment: Neutral
HOVR stock latest news image
Quick Summary

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.

Why It Matters

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.

Source: Newsfile Corp
Market Sentiment: Neutral
HOVR stock latest news image
Quick Summary

New 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.

Why It Matters

Horizon Aircraft's participation in JA2024 highlights its commitment to expanding its presence in the aerospace market, potentially attracting partnerships and investment opportunities.

Source: GlobeNewsWire
Market Sentiment: Neutral
HOVR stock latest news image
Quick Summary

Tom Brassington has joined a new company from Lilium, contributing extensive experience in the eVTOL industry.

Why It Matters

Tom Brassington's arrival enhances leadership in the eVTOL sector, potentially boosting innovation and investor confidence in the company's growth prospects.

Source: GlobeNewsWire
Market Sentiment: Neutral

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.