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Home โบ Stocks โบ New Horizon Aircraft Ltd. (HOVR) Stock Forecast & Price Prediction Canada | NASDAQ | Industrials | Aerospace & Defense
$0.59
+0.12 (26.67%)10 Quality Stocks Worth Considering Now
Researching New Horizon (HOVR) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 2 Wall Street analysts, HOVR has a bullish consensus with a median price target of $1.78 (ranging from $1.58 to $1.99). Currently trading at $0.59, the median forecast implies a 203.0% 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.
These are the latest 20 analyst ratings and price targets for HOVR.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Apr 21, 2025 | D. Boral Capital | Jesse Sobelson | Buy | Maintains | $2.00 |
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 |
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. has a market capitalization of $18.49M 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%.
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Designs and manufactures commercial and private aircraft.
The company generates revenue by selling advanced aircraft to major airlines, charter services, and individual consumers. By focusing on innovation and sustainability, it aims to capture a growing market for eco-friendly aviation solutions.
New Horizon Aircraft Ltd. is recognized for its cutting-edge technology that enhances fuel efficiency and minimizes environmental impact, making it a key player in the aerospace industry amidst increasing demand for greener travel options.
Industrials
Aerospace & Defense
20
Mr. E. Brandon Robinson
Canada
2024
New Horizon Aircraft (NASDAQ: HOVR) announced that Justin Chapman will join as a senior advisor to enhance technical development of its hybrid-eVTOL aircraft systems.
Justin Chapman's advisory role enhances Horizon Aircraft's technical capabilities, potentially accelerating product development and improving investor confidence in the company's future growth.
New Horizon Aircraft (NASDAQ: HOVR) raised approximately $2.7 million by exercising 2.5 million warrants, part of a $11.1 million capital infusion within 30 days.
The additional $2.7 million enhances Horizon Aircraft's financial stability, boosting investor confidence in its growth potential in the eVTOL market.
Horizon Aircraft (NASDAQ: HOVR) announced an $8.4 million investment from a strategic investor to support its operations and development of hybrid electric eVTOL aircraft.
The $8.4 million investment in Horizon Aircraft signals confidence in its eVTOL technology, enhancing operational stability and growth prospects, crucial for attracting further investments and market interest.
New Horizon Aircraft Ltd. (NASDAQ: HOVR) will participate in the 13th Annual Roth Technology Conference on November 19-20, 2024, with management available for meetings on November 20.
Horizon Aircraft's participation in a prominent technology conference highlights its visibility and potential for investment interest, signaling growth opportunities in the eVTOL sector.
Horizon Aircraft (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 could signal increased visibility and interest in its eVTOL technology, potentially impacting stock performance and investor sentiment.
New Horizon Aircraft Ltd. (NASDAQ: HOVR) will participate in the Japan International Aerospace Exhibition 2024 from October 16-19 in Tokyo, showcasing its hybrid electric eVTOL aircraft.
Horizon Aircraft's participation in a major aerospace exhibition highlights its growth potential and innovation in the eVTOL market, attracting investor interest and potential partnerships.
Based on our analysis of 2 Wall Street analysts, New Horizon Aircraft Ltd. (HOVR) has a median price target of $1.78. The highest price target is $1.99 and the lowest is $1.58.
According to current analyst ratings, HOVR has 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $0.59. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict HOVR stock could reach $1.78 in the next 12 months. This represents a 203.0% increase from the current price of $0.59. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company generates revenue by selling advanced aircraft to major airlines, charter services, and individual consumers. By focusing on innovation and sustainability, it aims to capture a growing market for eco-friendly aviation solutions.
The highest price target for HOVR is $1.99 from at , which represents a 237.2% increase from the current price of $0.59.
The lowest price target for HOVR is $1.58 from at , which represents a 168.8% increase from the current price of $0.59.
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 $1.78.
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.
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.