Professional
Added to YB: 2025-05-20
Pitch date: 2025-05-16
HOVR [neutral]
New Horizon Aircraft Ltd.
+309.86%
current return
Author Info
Trickle Research is an independent microcap research firm. Visit the website.
Company Info
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States.
Market Cap
$210.9M
Pitch Price
$0.71
Price Target
1.60 (-45%)
Dividend
N/A
EV/EBITDA
-12.13
P/E
-55.89
EV/Sales
N/A
Sector
Aerospace and Defense
Category
growth
New Horizon Aircraft Ltd. Allocation Increase
HOVR (increased position): First eVTOL aircraft to achieve stable transition with fan-in-wing design, ahead of projected timeline. Cavorite X7 targets 250mph speed, 500-mile range. Milestone reduces tech risk, validates platform vs competitors. $18M market cap severely discounted vs JOBY ($5.7B), EVEX ($1.3B). Analyst raises allocation from 4 to 5, PT $1.60 (3x upside).
Read full article (3 min)