Streetbeat News

HOVR

New Horizon Aircraft Ltd.

https://www.horizonaircraft.com

Industry

Aerospace & Defense

New Horizon Aircraft Ltd., an aerospace engineering company, focuses on designing and developing the hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market primarily in the United States. It is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.

Open

0.49

Mkt cap

11M

Volume

747K

High

0.50

P/E Ratio

-0.86

52-wk high

12.14

Low

0.46

Div yield

N/A

52-wk low

0.24

EF Hutton has initiated coverage on New Horizon Aircraft (NASDAQ:HOVR) with a Buy rating and set a price target of $2.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:56 pm

In Thursday's after-market session, several industrial stocks experienced notable price movements. Momentus, Staffing 360 Solutions, New Horizon Aircraft, Microvast Holdings, PS International Group, and Bridger Aerospace saw gains, while Graphex Group, AgEagle Aerial Systems, Stem, Addentax Group, Surf Air Mobility, and Simpple experienced declines.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 8:31 pm

The article reports on the intraday stock movements of various industrial companies. Joby Aviation, Nikola, and WANG & LEE Group are among the top gainers, while New Horizon Aircraft and VCI Global are notable losers.

Portfolio Pulse from Benzinga Insights

October 02, 2024 | 4:31 pm

The article reports on the after-market movements of various industrial stocks on Tuesday. OceanPal, Aqua Metals, ConnectM Technology, Safe Pro Group, PS International Group, and Innodata saw gains, while AgEagle Aerial Systems, Resources Connection, LiqTech International, New Horizon Aircraft, Microvast Holdings, and Roma Green Finance experienced declines.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 8:31 pm

The article reports on the after-market movements of various industrial stocks. Notable gainers include Professional Diversity (IPDN), Addentax Group (ATXG), and New Horizon Aircraft (HOVR), while significant losers include ShiftPixy (PIXY), Lakeside Holding (LSH), and Volato Group (SOAR).

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 8:30 pm

In Friday's after-market session, several industrial stocks experienced significant price movements. Espey Mfg & Electronics, Roma Green Finance, and Hyliion Holdings were among the gainers, while Aeries Technology, Graphex Gr, and Quhuo saw declines.

Portfolio Pulse from Benzinga Insights

September 27, 2024 | 8:30 pm

New Horizon Aircraft's shares are rising following the announcement of full-scale development of eVTOL aircraft, accelerated flight tests, and team expansion.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:41 pm

Horizon Aircraft is advancing its development of eVTOL aircraft by accelerating flight tests and expanding its team. This progress could impact companies involved in the eVTOL industry.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 12:40 pm

In Monday's after-market session, Safe Pro Group (SPAI) saw a massive 15517.9% increase in share price, while Turbo Energy (TURB) and Shoals Technologies (SHLS) also experienced significant gains. Conversely, ConnectM Technology (CNTM) and ShiftPixy (PIXY) were among the notable decliners.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 8:31 pm

New Horizon Aircraft has announced a public offering of 2.8 million shares, along with warrants to purchase an additional 2.8 million shares. Additionally, pre-funded warrants to purchase up to 3 million shares and accompanying warrants are being offered, all at a combined price of $0.50.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 10:05 am

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