NewHold Investment Corp III (NHIC) vs. Its Competitors Critical Comparison

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

Analyst Recommendations

This is a summary of recent recommendations and price targets for NewHold Investment Corp III and its competitors, 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	521	238	205	4	1.68

As a group, “UNCLASSIFIED” companies have a potential upside of 64.29%. Given NewHold Investment Corp III’s competitors stronger consensus rating and higher possible upside, analysts clearly believe NewHold Investment Corp III has less favorable growth aspects than its competitors.

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
NewHold Investment Corp III	N/A	$4.92 million	94.17
NewHold Investment Corp III Competitors	$36.22 million	-$48.48 million	99.63

NewHold Investment Corp III’s competitors 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 competitors, indicating that it is currently more affordable than other companies in its industry.

Institutional & Insider Ownership

53.9% of shares of all “UNCLASSIFIED” companies are owned by institutional investors. 42.2% of shares of all “UNCLASSIFIED” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Volatility and Risk

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

Profitability

This table compares NewHold Investment Corp III and its competitors’ 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%

Summary

NewHold Investment Corp III competitors 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.