Head to Head Review: New Horizon Aircraft (HOVR) and Its Competitors

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 competitors? We will compare New Horizon Aircraft to related companies based on the strength of its risk, institutional ownership, dividends, valuation, profitability, analyst recommendations and earnings.

Profitability

This table compares New Horizon Aircraft and its competitors’ 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 recent ratings for New Horizon Aircraft and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
New Horizon Aircraft	0	0	1	1	3.50
New Horizon Aircraft Competitors	409	2178	3411	126	2.53

New Horizon Aircraft currently has a consensus target price of $2.00, indicating a potential downside of 10.31%. As a group, “AEROSP/DEFENSE” companies have a potential upside of 0.01%. Given New Horizon Aircraft’s competitors higher probable upside, analysts plainly believe New Horizon Aircraft has less favorable growth aspects than its competitors.

Institutional & 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 company insiders. Comparatively, 10.0% of shares of all “AEROSP/DEFENSE” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Volatility & Risk

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

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
New Horizon Aircraft	N/A	$5.20 million	22.30
New Horizon Aircraft Competitors	$18.84 billion	$730.78 million	11.68

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

Summary

New Horizon Aircraft beats its competitors 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.