Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
New Horizon Aircraft Ltd. is an aerospace engineering firm dedicated to the design and development of hybrid-electric vertical takeoff and landing (eVTOL) aircraft. The company primarily targets the regional air mobility market, with a significant focus on operations within the United States. Currently under development is their Cavorite X7, a hybrid-electric aircraft designed to transport seven passengers and capable of both vertical takeoffs and landings. Established in 2013, New Horizon Aircraft Ltd. is headquartered in Lindsay, Canada.
Company Valuation
Based on key historical and expected multiples, the stock is overvalued relative to its peers.
Target Price
The average target price of HOVR is 8.3 and suggests 265% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increa