Electric vertical takeoff and landing (eVTOL) aircraft
Strategic Profile
The Cavorite X7 prototype can take off vertically, but once in flight, its patented HOVR wing system reverts to the configuration of a conventional airplane. Recent validation of the company's patent-pending yaw control system enables precise hover and performance in strong crosswinds, providing enhanced stability and control for pilots. The company is advancing toward full-scale prototype development.
Cyborg Score Rationale
New Horizon Aircraft is pre-revenue with only 30 employees, extremely high volatility (beta 3.68), and negative earnings. However, the company is advancing critical technology milestones, completed a recent equity offering, and has differentiated hybrid-electric VTOL architecture. Execution risk is substantial.
Top Insights
Full-scale propulsion unit production has commenced, with detailed design and aerodynamic analysis sufficiently developed to begin physical production and testing of the core vertical lifting fan technology.
Market capitalization as of mid-June 2026 is approximately $118.3M with 61.76M shares outstanding.
New Horizon Aircraft completed a Follow-on Equity Offering in the amount of $19.9M to fuel development and prototype advancement.
Extremely volatile stock (19% weekly volatility, trading 52-week range of $1.16–$4.18) indicates speculative positioning and execution uncertainty.