NewHold Investment Corp III (NASDAQ:NHIC) Shares Up 0.5% – What’s Next?

NewHold Investment Corp III (NASDAQ:NHIC) shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as $10.86 and last traded at $10.81. 10,622 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 68,627 shares. The stock had previously closed at $10.76.

Analyst Upgrades and Downgrades

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

NewHold Investment Corp III Price Performance

The firm has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $10.58. The firm has a market capitalization of $298.46 million, a P/E ratio of 90.08 and a beta of 0.28.

NewHold Investment Corp III (NASDAQ:NHIC) last announced its quarterly earnings data on Monday, May 18th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $3.71 million for the quarter.

Institutional Investors Weigh In On NewHold Investment Corp III

Several large investors have recently modified their holdings of the business. Governors Lane LP lifted its position in shares of NewHold Investment Corp III by 1.7% in the 4th quarter. Governors Lane LP now owns 254,190 shares of the company’s stock worth $2,635,000 after purchasing an additional 4,190 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in NewHold Investment Corp III during the second quarter valued at approximately $98,000. FNY Investment Advisers LLC bought a new position in NewHold Investment Corp III in the second quarter worth approximately $217,000. Sandia Investment Management LP bought a new position in NewHold Investment Corp III in the second quarter worth approximately $254,000. Finally, Alyeska Investment Group L.P. bought a new position in NewHold Investment Corp III in the third quarter worth approximately $450,000.

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.