NewHold Investment Corp III (NHIC) & Its Peers Head to Head Comparison

NewHold Investment Corp III (NASDAQ:NHIC) is one of 79 public companies in the “UNCLASSIFIED” industry, but how does it weigh in compared to its rivals? We will compare NewHold Investment Corp III to similar businesses based on the strength of its profitability, institutional ownership, dividends, valuation, earnings, analyst recommendations and risk.

Analyst Recommendations

This is a breakdown of recent ratings and target prices for NewHold Investment Corp III and its rivals, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
NewHold Investment Corp III	1	0	0	0	1.00
NewHold Investment Corp III Competitors	521	239	205	4	1.68

As a group, “UNCLASSIFIED” companies have a potential upside of 71.35%. Given NewHold Investment Corp III’s rivals stronger consensus rating and higher possible upside, analysts plainly believe NewHold Investment Corp III has less favorable growth aspects than its rivals.

Valuation & Earnings

This table compares NewHold Investment Corp III and its rivals revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
NewHold Investment Corp III	N/A	$4.92 million	92.92
NewHold Investment Corp III Competitors	$36.22 million	-$48.48 million	98.56

NewHold Investment Corp III’s rivals have higher revenue, but lower earnings than NewHold Investment Corp III. NewHold Investment Corp III is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Volatility and Risk

NewHold Investment Corp III has a beta of 0.21, indicating that its share price is 79% less volatile than the S&P 500. Comparatively, NewHold Investment Corp III’s rivals have a beta of 0.03, indicating that their average share price is 97% less volatile than the S&P 500.

Profitability

This table compares NewHold Investment Corp III and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
NewHold Investment Corp III	N/A	-79.90%	2.50%
NewHold Investment Corp III Competitors	-204.08%	-207.40%	-58.78%

Institutional & Insider Ownership

53.9% of shares of all “UNCLASSIFIED” companies are owned by institutional investors. 13.8% of NewHold Investment Corp III shares are owned by insiders. Comparatively, 41.2% of shares of all “UNCLASSIFIED” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

NewHold Investment Corp III rivals beat NewHold Investment Corp III on 8 of the 13 factors compared.

NewHold Investment Corp III Company Profile

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.