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

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

NewHold Investment Corp III Stock Up 0.0%

Shares of NewHold Investment Corp III stock traded up $0.01 on Friday, reaching $10.63. The company’s stock had a trading volume of 6,685 shares, compared to its average volume of 108,344. NewHold Investment Corp III has a 52 week low of $10.16 and a 52 week high of $11.60. The company has a market capitalization of $293.63 million, a price-to-earnings ratio of 88.62 and a beta of 0.30. The firm’s fifty day simple moving average is $10.85 and its two-hundred day simple moving average is $10.62.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of NewHold Investment Corp III in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On NewHold Investment Corp III

Several hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in shares of NewHold Investment Corp III in the second quarter worth approximately $1,015,000. Karpus Management Inc. purchased a new stake in NewHold Investment Corp III in the 2nd quarter worth approximately $1,207,000. Shaolin Capital Management LLC bought a new stake in NewHold Investment Corp III during the 2nd quarter worth approximately $2,034,000. Whitebox Advisors LLC bought a new stake in NewHold Investment Corp III during the 2nd quarter worth approximately $2,542,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of NewHold Investment Corp III in the second quarter worth $9,950,000.

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.