New Horizon Aircraft (HOVR)

• Market cap: $67.4M
• 1 day: 0.58%
• 5 days: 4.24%
• 1 month: -1.71%
• 3 months: -2.27%
• 6 months: 227.62%
• Year to date: 57.8%
• 1 year: 115%
• 5 years: -83.15%
• 10 years: -83.15%
• Sector: Industrials
• Industry: Aerospace & Defense

About: New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building 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: 30

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

4,574% more capital invested

Capital invested by funds: $55.3K [Q1] → $2.59M (+$2.53M) [Q2]

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

117% more funds holding

Funds holding: 6 [Q1] → 13 (+7) [Q2]

4.48% more ownership

Funds ownership: 0.34% [Q1] → 4.82% (+4.48%) [Q2]

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 1

Research analyst outlook

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

• Low target: $2
• Avg. target: $2
• High target: $2

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

D. Boral Capital Jesse Sobelson

$2

Buy Maintained

23 Jul 2025