Critical Survey: NewHold Investment Corp III (NHIC) vs. Its Rivals

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 rivals? We will compare NewHold Investment Corp III to related companies based on the strength of its earnings, valuation, profitability, analyst recommendations, risk, institutional ownership and dividends.

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%

Risk and Volatility

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.

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 company insiders. Comparatively, 41.2% of shares of all “UNCLASSIFIED” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Valuation and Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
NewHold Investment Corp III	N/A	$4.92 million	93.50
NewHold Investment Corp III Competitors	$36.22 million	-$48.48 million	98.95

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.

Analyst Ratings

This is a breakdown of current recommendations for NewHold Investment Corp III and its rivals, as reported 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 70.25%. 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 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.