NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) is one of 79 publicly-traded companies in the “UNCLASSIFIED” industry, but how does it contrast to its rivals? We will compare NewHold Investment Corp III to related businesses based on the strength of its analyst recommendations, dividends, institutional ownership, earnings, profitability, valuation and risk.
Insider & Institutional 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 insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Analyst Recommendations
This is a summary of recent ratings and price targets for NewHold Investment Corp III and its rivals, as reported 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 |
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% |
Volatility & 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.
Earnings and Valuation
This table compares NewHold Investment Corp III and its rivals top-line revenue, earnings per share 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 | $36.65 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.
Summary
NewHold Investment Corp III rivals beat NewHold Investment Corp III on 8 of the 13 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.
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