NewHold Investment Corp III (NASDAQ:NHIC) Posts Quarterly Earnings Results

NewHold Investment Corp III (NASDAQ:NHIC) released its earnings results on Monday. The company reported $0.03 EPS for the quarter, FiscalAI reports. The business had revenue of $3.71 million for the quarter.

NewHold Investment Corp III Price Performance

Shares of NASDAQ NHIC opened at $10.53 on Tuesday. NewHold Investment Corp III has a 1 year low of $10.01 and a 1 year high of $10.86. The stock has a market cap of $290.73 million and a P/E ratio of 87.75. The firm has a 50-day moving average of $10.43 and a 200 day moving average of $10.40.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NHIC. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in NewHold Investment Corp III during the 2nd quarter valued at about $9,950,000. Hudson Bay Capital Management LP purchased a new position in NewHold Investment Corp III during the 2nd quarter valued at about $8,922,000. Meteora Capital LLC purchased a new position in NewHold Investment Corp III during the 4th quarter valued at about $4,915,000. Kryger Capital LLC purchased a new position in NewHold Investment Corp III during the 1st quarter valued at about $4,175,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in NewHold Investment Corp III during the 4th quarter valued at about $4,146,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, NewHold Investment Corp III currently has a consensus rating of “Sell”.

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.