Contrasting NewHold Investment Corp III (NHIC) & Its Rivals

NewHold Investment Corp III (NASDAQ:NHIC) is one of 78 publicly-traded companies in the “UNCLASSIFIED” industry, but how does it compare to its rivals? We will compare NewHold Investment Corp III to related companies based on the strength of its dividends, profitability, risk, valuation, institutional ownership, earnings and analyst recommendations.

Insider and Institutional 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, 42.2% of shares of all “UNCLASSIFIED” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Earnings & Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
NewHold Investment Corp III	N/A	$4.92 million	87.92
NewHold Investment Corp III Competitors	$36.22 million	-$48.48 million	102.11

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.

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	-204.44%	-205.23%	-56.92%

Analyst Recommendations

This is a summary of current recommendations for NewHold Investment Corp III and its rivals, as provided by MarketBeat.com.

	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	513	237	205	3	1.68

As a group, “UNCLASSIFIED” companies have a potential upside of 61.12%. Given NewHold Investment Corp III’s rivals stronger consensus rating and higher probable upside, analysts plainly believe NewHold Investment Corp III has less favorable growth aspects than its rivals.

Summary

NewHold Investment Corp III rivals beat NewHold Investment Corp III on 8 of the 12 factors compared.

About NewHold Investment Corp III

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.