Screaming Eagle Acquisition Corp (SCRM) Shares Up Despite Recent Market Volatility

The stock of Screaming Eagle Acquisition Corp (NASDAQ: SCRM) has increased by 0.09 when compared to last closing price of 10.69. Despite this, the company has experienced a 0.19% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-12-26 that Lionsgate (LGF.A) plans to create a standalone company, Lionsgate Studios, by merging the Lionsgate Studio Business with Screaming Eagle in a $4.6 billion deal.

Is It Worth Investing in Screaming Eagle Acquisition Corp (NASDAQ: SCRM) Right Now?

Screaming Eagle Acquisition Corp (NASDAQ: SCRM) has a price-to-earnings ratio that is above its average at 60.04x. The stock has a 36-month beta value of 0.03.

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The public float for SCRM is 73.23M, and at present, short sellers hold a 0.01% of that float. On April 04, 2024, the average trading volume of SCRM was 737.75K shares.

SCRM’s Market Performance

SCRM stock saw an increase of 0.19% in the past week, with a monthly gain of 0.38% and a quarterly increase of 0.85%. The volatility ratio for the week is 0.15%, and the volatility levels for the last 30 days are 0.15% for Screaming Eagle Acquisition Corp (SCRM). The simple moving average for the past 20 days is 0.21% for SCRM’s stock, with a 1.84% simple moving average for the past 200 days.

SCRM Trading at 0.46% from the 50-Day Moving Average

After a stumble in the market that brought SCRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.34% of loss for the given period.

Volatility was left at 0.15%, however, over the last 30 days, the volatility rate increased by 0.15%, as shares surge +0.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.94% upper at present.

During the last 5 trading sessions, SCRM rose by +0.19%, which changed the moving average for the period of 200-days by +4.29% in comparison to the 20-day moving average, which settled at $10.68. In addition, Screaming Eagle Acquisition Corp saw 0.94% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for SCRM

The total capital return value is set at -0.03. Equity return is now at value 2.26, with 2.15 for asset returns.

Currently, EBITDA for the company is -24.45 million with net debt to EBITDA at 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.

Conclusion

To sum up, Screaming Eagle Acquisition Corp (SCRM) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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