Critical Comparison: NewHold Investment Corp III (NHIC) and Its Peers

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

Insider & Institutional Ownership

53.9% of shares of all “UNCLASSIFIED” companies are owned by institutional investors. 13.8% of NewHold Investment Corp III shares are owned by insiders. Comparatively, 41.2% of shares of all “UNCLASSIFIED” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Risk & Volatility

NewHold Investment Corp III has a beta of 0.21, suggesting 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, suggesting 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%

Earnings & Valuation

This table compares NewHold Investment Corp III and its competitors 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	$164.64 million	-$48.48 million	98.56

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 and price targets 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	521	238	205	4	1.68

As a group, “UNCLASSIFIED” companies have a potential upside of 71.35%. 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.

Summary

NewHold Investment Corp III competitors 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.