Analyzing New Horizon Aircraft (HOVR) & The Competition

New Horizon Aircraft (NASDAQ:HOVR) is one of 33 publicly-traded companies in the “AEROSP/DEFENSE” industry, but how does it weigh in compared to its peers? We will compare New Horizon Aircraft to related companies based on the strength of its dividends, profitability, risk, institutional ownership, valuation, analyst recommendations and earnings.

Profitability

This table compares New Horizon Aircraft and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
New Horizon Aircraft	N/A	-36.78%	37.46%
New Horizon Aircraft Competitors	-957.17%	-50.06%	-10.72%

Volatility and Risk

New Horizon Aircraft has a beta of 2.62, indicating that its stock price is 162% more volatile than the S&P 500. Comparatively, New Horizon Aircraft’s peers have a beta of 1.22, indicating that their average stock price is 22% more volatile than the S&P 500.

Valuation & Earnings

This table compares New Horizon Aircraft and its peers revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
New Horizon Aircraft	N/A	$5.20 million	17.30
New Horizon Aircraft Competitors	$18.81 billion	$730.78 million	11.43

New Horizon Aircraft’s peers have higher revenue and earnings than New Horizon Aircraft. New Horizon Aircraft is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Institutional and Insider Ownership

66.0% of New Horizon Aircraft shares are owned by institutional investors. Comparatively, 53.5% of shares of all “AEROSP/DEFENSE” companies are owned by institutional investors. 11.1% of New Horizon Aircraft shares are owned by insiders. Comparatively, 10.0% of shares of all “AEROSP/DEFENSE” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Analyst Ratings

This is a summary of recent ratings and price targets for New Horizon Aircraft and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
New Horizon Aircraft	0	0	1	1	3.50
New Horizon Aircraft Competitors	406	2174	3401	126	2.53

New Horizon Aircraft currently has a consensus price target of $2.00, suggesting a potential upside of 15.61%. As a group, “AEROSP/DEFENSE” companies have a potential upside of 0.51%. Given New Horizon Aircraft’s stronger consensus rating and higher probable upside, equities research analysts plainly believe New Horizon Aircraft is more favorable than its peers.

Summary

New Horizon Aircraft beats its peers on 10 of the 13 factors compared.

About New Horizon Aircraft

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, focuses on designing and developing hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the Uinted States. The company is developing Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically like and helicopter. New Horizon Aircraft Ltd. was founded in 2013 and is headquartered in Lindsay, Canada.