Professional
Added to YB: 2025-10-16
Pitch date: 2025-10-14
HOVR [neutral]
New Horizon Aircraft Ltd.
-53.75%
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, engages in designing and building hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States.
Market Cap
$161.2M
Pitch Price
$4.00
Price Target
5.50 (+192%)
Dividend
N/A
EV/EBITDA
-3.87
P/E
-3.13
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)