Oklo stock tumbles as Financial Times scrutinizes valuation
Lee Stewart Murray, Head of People and Strategy at New Horizon Aircraft Ltd (EXCHANGE:HOVR), sold 100,000 shares of Class A Ordinary Shares on October 14, 2025. The shares were sold at a weighted average price of $3.72, for a total transaction value of $372,000. The stock, currently trading at $3.12, has shown significant volatility recently, with InvestingPro data indicating an 8.7% decline over the past week.
The prices for the disposed shares ranged from $3.450 to $3.910. Following the transaction, Murray directly owns 163,588 shares, which includes 766 shares acquired under the Company’s employee share purchase plan. With a market capitalization of $148.3 million and strong liquidity metrics (current ratio of 7.97), the company maintains a solid balance sheet. InvestingPro analysis reveals 12 additional key insights about HOVR’s financial health and market position, available to subscribers.
In other recent news, Horizon Aircraft has announced several key developments. The company reported completing one of the world’s first successful fan-in-wing forward transition flights with its large-scale prototype aircraft in May 2025. This milestone was highlighted in their fourth quarter and annual financial results, where Horizon Aircraft also disclosed having approximately $17 million in cash, providing an estimated 18-month runway to complete its full-scale demonstrator aircraft. Additionally, Horizon Aircraft has started construction of a full-scale prototype of its hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, with initial testing planned to begin in 18 months. In a related development, the company has signed a purchase agreement with Pratt & Whitney Canada for the PT6A engine to power its Cavorite X7 hybrid eVTOL aircraft. The PT6A turboprop engine will be integrated into Horizon’s hybrid gas/electric design, enabling operations in remote locations without dependency on battery charging infrastructure. These recent developments underscore Horizon Aircraft’s ongoing efforts to advance its eVTOL technology.
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