New Horizon Aircraft (HOVR) versus Its Peers Head to Head Comparison

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

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	-957.09%	-49.98%	-10.68%

Analyst Ratings

This is a summary of current ratings and price targets for New Horizon Aircraft and its peers, as provided 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	410	2179	3414	126	2.53

New Horizon Aircraft currently has a consensus target price of $2.00, indicating a potential downside of 19.68%. As a group, “AEROSP/DEFENSE” companies have a potential downside of 1.91%. Given New Horizon Aircraft’s peers higher possible upside, analysts clearly believe New Horizon Aircraft has less favorable growth aspects than its peers.

Risk and Volatility

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

Institutional and Insider Ownership

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

Earnings and Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
New Horizon Aircraft	N/A	$5.20 million	24.90
New Horizon Aircraft Competitors	$19.05 billion	$730.78 million	11.79

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.

Summary

New Horizon Aircraft beats its peers on 9 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.