New Horizon Aircraft (NASDAQ:HOVR – Get Free Report) is one of 33 public companies in the “AEROSP/DEFENSE” industry, but how does it weigh in compared to its rivals? We will compare New Horizon Aircraft to related companies based on the strength of its risk, analyst recommendations, earnings, profitability, institutional ownership, dividends and valuation.
Volatility & 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 rivals have a beta of 1.22, indicating that their average stock price is 22% more volatile than the S&P 500.
Profitability
This table compares New Horizon Aircraft and its rivals’ 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% |
Valuation & Earnings
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| New Horizon Aircraft | N/A | $5.20 million | 16.00 |
| New Horizon Aircraft Competitors | $19.02 billion | $730.78 million | 11.11 |
New Horizon Aircraft’s rivals have higher revenue and earnings than New Horizon Aircraft. New Horizon Aircraft is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Analyst Ratings
This is a breakdown of recent ratings and recommmendations for New Horizon Aircraft and its rivals, 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 | 406 | 2173 | 3398 | 126 | 2.53 |
New Horizon Aircraft currently has a consensus target price of $2.00, indicating a potential upside of 25.00%. As a group, “AEROSP/DEFENSE” companies have a potential upside of 1.42%. Given New Horizon Aircraft’s stronger consensus rating and higher possible upside, equities analysts clearly believe New Horizon Aircraft is more favorable than its rivals.
Insider & Institutional 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 insiders. Comparatively, 10.0% of shares of all “AEROSP/DEFENSE” companies are held 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.
Summary
New Horizon Aircraft beats its rivals 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.
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