Professional
Added to YB: 2025-10-16
Pitch date: 2025-10-14
HOVR [neutral]
New Horizon Aircraft Ltd.
-56.75%
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
$114.2M
Pitch Price
$4.00
Price Target
5.50 (+218%)
Dividend
N/A
EV/EBITDA
-6.29
P/E
-30.26
EV/Sales
N/A
Sector
Aerospace and Defense
Category
growth
Trickle Research: Price Target Increase & Allocation Decrease - New Horizon Aircraft
HOVR (update): Pre-revenue eVTOL co achieved full wing transition milestone on X5 prototype, enabling $11.25M capital raise at higher prices than expected. Lower dilution (25-30% vs initial est) + derisked story via successful demo = new $5.50 PT (vs prior $2.75). Op expenses $5.9M vs $3M est due to 50% team expansion & accelerated R&D. X7 demo expected within 18 months.
Read full article (4 min)