Screaming Eagle Acquisition Corp (NASDAQ: SCRM) has a higher price-to-earnings ratio of 60.27x compared to its average ratio, The 36-month beta value for SCRM is at 0.03.
The public float for SCRM is 16.77M, and currently, shorts hold a 0.11% of that float. The average trading volume for SCRM on May 01, 2024 was 705.99K shares.
SCRM) stock’s latest price update
Screaming Eagle Acquisition Corp (NASDAQ: SCRM) has seen a decline in its stock price by -0.32 in relation to its previous close of 10.77. However, the company has experienced a -0.28% decline 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.
SCRM’s Market Performance
Screaming Eagle Acquisition Corp (SCRM) has experienced a -0.28% fall in stock performance for the past week, with a 0.47% rise in the past month, and a 1.23% rise in the past quarter. The volatility ratio for the week is 0.38%, and the volatility levels for the past 30 days are at 0.47% for SCRM. The simple moving average for the past 20 days is -0.02% for SCRM’s stock, with a 1.83% simple moving average for the past 200 days.
SCRM Trading at 0.40% 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 -2.98% of loss for the given period.
Volatility was left at 0.47%, however, over the last 30 days, the volatility rate increased by 0.38%, as shares surge +0.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.85% upper at present.
During the last 5 trading sessions, SCRM fell by -0.28%, which changed the moving average for the period of 200-days by +3.77% in comparison to the 20-day moving average, which settled at $10.74. In addition, Screaming Eagle Acquisition Corp saw 1.32% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SCRM starting from Alberta Investment Management, who sale 1,250,000 shares at the price of $10.78 back on Apr 19 ’24. After this action, Alberta Investment Management now owns 1,325,000 shares of Screaming Eagle Acquisition Corp, valued at $13,475,000 using the latest closing price.
Flow State Investments, L.P., the 10% Owner of Screaming Eagle Acquisition Corp, sale 500,000 shares at $10.76 during a trade that took place back on Apr 12 ’24, which means that Flow State Investments, L.P. is holding 1,591,821 shares at $5,380,000 based on the most recent closing price.
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
In conclusion, Screaming Eagle Acquisition Corp (SCRM) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
