NewHold Investment Corp III (NASDAQ:NHIC) Releases Earnings Results

NewHold Investment Corp III (NASDAQ:NHIC) posted its earnings results on Wednesday. The company reported ($0.12) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $3.74 million during the quarter.

NewHold Investment Corp III Price Performance

NASDAQ:NHIC remained flat at $10.63 during trading hours on Wednesday. 45,237 shares of the company traded hands, compared to its average volume of 109,964. The company’s 50 day simple moving average is $10.87 and its 200-day simple moving average is $10.62. The firm has a market cap of $293.53 million, a P/E ratio of 88.58 and a beta of 0.30. NewHold Investment Corp III has a twelve month low of $10.16 and a twelve month high of $11.60.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On NewHold Investment Corp III

Several institutional investors and hedge funds have recently modified their holdings of NHIC. Strategic Investment Solutions Inc. IL purchased a new position in shares of NewHold Investment Corp III during the second quarter valued at about $98,000. FNY Investment Advisers LLC purchased a new stake in NewHold Investment Corp III in the second quarter worth about $217,000. Sandia Investment Management LP bought a new stake in NewHold Investment Corp III during the 2nd quarter valued at approximately $254,000. Alyeska Investment Group L.P. bought a new stake in NewHold Investment Corp III during the 3rd quarter valued at approximately $450,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of NewHold Investment Corp III during the 2nd quarter worth approximately $1,015,000.

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.