Critical Contrast: NewHold Investment Corp III (NHIC) vs. Its Peers

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

Risk and Volatility

NewHold Investment Corp III has a beta of 0.21, meaning that its stock price is 79% less volatile than the S&P 500. Comparatively, NewHold Investment Corp III’s peers have a beta of 0.03, meaning that their average stock price is 97% less volatile than the S&P 500.

Earnings and Valuation

This table compares NewHold Investment Corp III and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
NewHold Investment Corp III	N/A	$4.92 million	93.42
NewHold Investment Corp III Competitors	$49.16 million	-$48.48 million	98.78

NewHold Investment Corp III’s peers 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 peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares NewHold Investment Corp III and its peers’ 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%

Insider & 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 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 current ratings for NewHold Investment Corp III and its peers, as provided 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 64.38%. Given NewHold Investment Corp III’s peers stronger consensus rating and higher possible upside, analysts clearly believe NewHold Investment Corp III has less favorable growth aspects than its peers.

Summary

NewHold Investment Corp III peers 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.