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 7, 2026, HOVR stock price declined to $1.40 with 248,095 million shares trading.

HOVR has a beta of 1.89, 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 $61.95 million. This is considered a Micro Cap stock.

HOVR has outperformed the market in the last year with a return of +211.1%, while the SPY ETF gained +31.1%. However, in the most recent history, HOVR shares have underperformed the stock market with its stock returning -24.3% in the last 3 month period and -18.6% for the last 2 week period, while SPY has returned -5.0% and 0.0%, respectively.

HOVR support price is $1.40 and resistance is $1.56 (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.