HOVR - another "flying taxi" company - 8.4m investment achievedew Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and aiming to build 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.
Float: 15.813M
Short % of Float: 4.34%
Flying taxis have the potential to revolutionize urban mobility by reducing traffic congestion, cutting travel times, and providing sustainable, efficient transportation. The industry is rapidly growing, attracting major investments from big players, signaling a promising future for this innovative solution.
Sympathy Plays: ACHR, JOBY, and EH have already seen significant run-ups, making them prominent in the sector. HOVR, however, could represent a delayed opportunity within this group, potentially offering upside as the broader flying taxi industry gains momentum.
Recent News:
Dec 20, 2024
Horizon Aircraft Has Received An Investment Of $8.4M From A Strategic Investor And Aerospace Supporter - Deepens Investor's Dedication to Horizon Aircraft Supporting Continued Operations and Development ~
TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical TakeOff and Landing ("eVTOL") aircraft developer, announced today it has received an investment from a strategic investor (the "Investor") and aerospace supporter, for aggregate proceeds of $8.4 million (the "Investment"). The strategic financing will fortify Horizon Aircraft's balance sheet, provide stability in the operations, governance and regulatory priorities, and fund further development and flight testing of its hybrid eVTOL, the Cavorite X7.
Overall Market Sentiment:
It’s always crucial to consider overall market sentiment when making trading decisions.
Trading Strategy:
Entry:
At recent price around $0.80
Breakout Zone:
$1.10 - 1.30
Resistance Zones:
$2.00 - 2.30
$2.80
$3.20 - 3.30
Surpassing these levels could signal a positive trend. Consider taking profits at these levels to realize gains.
Risk/Money Management
Take Profit (TP): Set the final target at $5.00
Stop Loss (SL): Set at under $0.40 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
