According to InvestingPro data, the stock currently trades at a P/E ratio of 1.49, suggesting an attractive entry point for investors interested in the emerging AAM sector. Horizon Aircraft, currently valued at $21.66 million in market capitalization, is developing a hybrid eVTOL aircraft aimed at the regional air mobility (RAM) market. The company recently achieved a significant milestone by successfully completing a full wing transition with its large-scale prototype. This achievement is a crucial step in the development process, showcasing the company's potential in the emerging AAM market. InvestingPro analysis reveals the company maintains a healthy balance sheet with more cash than debt and a strong current ratio of 7.11, though it's currently burning through cash reserves. The company is now in the design phase of its commercial aircraft, the Cavorite X7. This hybrid-electric aircraft will have seven seats and the capability to take off and land vertically, similar to a helicopter.