Revelation Biosciences Inc. (REVB) shares skyrocketed in pre-market trading after the company reported better-than-expected third-quarter earnings. Other notable movers include New Horizon Aircraft, Signing Day Sports, Destiny Tech100, and UTime Limited, all experiencing significant gains. Meanwhile, Dogwood Therapeutics, Jet.AI, Heramba Electric, and Li-Cycle Holdings faced declines.
New Horizon Aircraft, a Canadian aerospace company, is making significant strides in the eVTOL market with its innovative hybrid-electric aircraft, the Cavorite X7. This aircraft combines vertical takeoff and landing capabilities with the efficiency of a conventional airplane, making it ideal for regional travel, cargo delivery, and emergency services. As the company continues to advance its technology and expand its operations, New Horizon is attracting investor interest, especially in the small-cap stock market.
A recent study suggests that investors are increasingly looking toward small-cap and micro-cap stocks as interest rates are expected to decline and market conditions improve. The study, commissioned by advanced aerospace engineering company New Horizon Aircraft, highlights the growing appeal of these market segments, particularly among institutional and retail investors. The study also draws parallels to the dot-com bubble, suggesting that small-cap stocks could be positioned for a period of outperformance, similar to their rebound after the burst of the dot-com bubble.
