HOVR Stock Summary and Trading Ideas (New Horizon Aircraft Ltd. - Class A | NASDAQ:HOVR)

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.

New Horizon Aircraft Ltd. - Class A trades on the NASDAQ stock market under the symbol HOVR.

As of April 17, 2026, HOVR stock price climbed to $1.83 with 675,708 million shares trading.

HOVR has a beta of 2.40, meaning it tends to be more sensitive to market movements. HOVR has a correlation of 0.07 to the broad based SPY ETF.

HOVR has a market cap of $82.83 million. This is considered a Micro Cap stock.

HOVR has outperformed the market in the last year with a price return of +308.8% while the SPY ETF gained +36.3%. However, in the short term, HOVR had mixed performance relative to the market. It has underperformed in the last 3 months, returning -14.9% vs +2.9% return in SPY. But in the last 2 weeks, HOVR shares have fared better than the market returning +24.5% compared to SPY +8.3%.

HOVR support price is $1.67 and resistance is $1.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HOVR shares will trade within this expected range on the day.