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

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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 MarketBeat, the company presently has an average rating of “Sell”.

NewHold Investment Corp III Trading Up 0.1%

The company’s 50-day simple moving average is $10.90 and its 200 day simple moving average is $10.59. The stock has a market cap of $298.46 million, a P/E ratio of 90.12 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 firm had revenue of $3.71 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in NewHold Investment Corp III in the 2nd quarter worth about $98,000. FNY Investment Advisers LLC purchased a new position in shares of NewHold Investment Corp III during the second quarter worth about $217,000. Sandia Investment Management LP bought a new position in shares of NewHold Investment Corp III in the second quarter worth approximately $254,000. Alyeska Investment Group L.P. bought a new position in shares of NewHold Investment Corp III in the third quarter worth approximately $450,000. Finally, JPMorgan Chase & Co. purchased a new stake in NewHold Investment Corp III in the second quarter valued at 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.