NewHold Investment Corp III (NASDAQ:NHIC) Trading 0.1% Higher – Still a Buy?

NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) shares shot up 0.1% on Friday . The stock traded as high as $10.65 and last traded at $10.62. Approximately 80,594 shares changed hands during trading, a decline of 36% from the average daily volume of 125,720 shares. The stock had previously closed at $10.61.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NewHold Investment Corp III in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Get NewHold Investment Corp III alerts:

View Our Latest Stock Report on NHIC

NewHold Investment Corp III Price Performance

The firm has a 50-day moving average of $10.80 and a 200 day moving average of $10.63. The company has a market capitalization of $293.22 million, a PE ratio of -151.71 and a beta of 0.30.

NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $3.74 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in NewHold Investment Corp III during the second quarter valued at approximately $1,015,000. Karpus Management Inc. bought a new stake in NewHold Investment Corp III in the 2nd quarter worth approximately $1,207,000. Shaolin Capital Management LLC purchased a new stake in NewHold Investment Corp III during the 2nd quarter valued at $2,034,000. Whitebox Advisors LLC purchased a new stake in NewHold Investment Corp III during the 2nd quarter valued at $2,542,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in NewHold Investment Corp III during the 2nd quarter valued at $9,950,000.

About NewHold Investment Corp III

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than NewHold Investment Corp III
• Blueprint for a Boom: SEC Clears the Crypto Runway
• Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
• Advance Auto Parts Plunged, But Its Turnaround Is Still Working
• Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

Receive News & Ratings for NewHold Investment Corp III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewHold Investment Corp III and related companies with MarketBeat.com's FREE daily email newsletter.