Head to Head Analysis: NewHold Investment Corp III (NHIC) and The Competition

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

Insider and Institutional Ownership

53.9% of shares of all “UNCLASSIFIED” companies are held by institutional investors. 13.8% of NewHold Investment Corp III shares are held by insiders. Comparatively, 42.2% of shares of all “UNCLASSIFIED” companies are held 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.

Valuation and 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	87.83
NewHold Investment Corp III Competitors	$151.70 million	-$48.48 million	101.44

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.

Analyst Recommendations

This is a summary of current ratings for NewHold Investment Corp III and its competitors, 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	514	237	205	3	1.68

As a group, “UNCLASSIFIED” companies have a potential upside of 63.01%. Given NewHold Investment Corp III’s competitors stronger consensus rating and higher probable upside, analysts clearly believe NewHold Investment Corp III has less favorable growth aspects than its competitors.

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%	-205.36%	-57.13%

Summary

NewHold Investment Corp III competitors beat NewHold Investment Corp III on 8 of the 12 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.