What Do Analysts Think Of Screaming Eagle Acquisition Corp (SCRM)

Screaming Eagle Acquisition Corp (SCRM) saw an uptrend of 0.09% in the recent trading with $10.70 being its most recent. The current price level -3.34% lower than the highest price of $11.07 marked by the stock while trading over the past 52-weeks, whereas it is 11.57% higher than the lowest price of $9.59 the company dropped to over past 52-weeks. The latest news story on SCRM appeared in (The Wall Street Journal) under the title “Lionsgate to Separate Studios Business in $4.6 Billion SPAC Deal”.

Squeezing the time span to 30 day period shows us the stock is currently trading -0.09% below one month high and is +0.47% above of the lowest during that time. Looking into the simple moving average, Screaming Eagle Acquisition Corp (SCRM)’s stock stands at a SMA-50 of $10.65 while that of 5-day is reading $10.69.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and SCRM’s SMA-200 as of now is $10.51.

Screaming Eagle Acquisition Corp Earnings – What Happened With SCRM

Coming around sales and income figures on SCRM Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

SCRM – Screaming Eagle Acquisition Corp Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 75.00 million. SCRM does have institutional investors; and they hold 69.95% of the stock.

Screaming Eagle Acquisition Corp – Insider Activity and Holdings

As on Dec 30, 2023, Aristeia Capital, LLC was the top most holder in Screaming Eagle Acquisition Corp (NASDAQ:SCRM) with an ownership of 7.34 million shares of the company or 9.79% of the stake worth $78.58 million. The filing also reveals First Trust Capital Management L.P. as the second largest holder in the company with a control over 8.01% of the outstanding shares. Its stake is worth $64.28 million for having 6.01 million shares in hand.

Millennium Management Llc also came holding a key position in the company during the recent quarter and it now holds 5.07% of the outstanding shares. With this there are now 88 institutions which have possession in SCRM’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Screaming Eagle Acquisition Corp has a debt to equity ratio of 0.00.

Technical Analysis of Screaming Eagle Acquisition Corp (NASDAQ:SCRM) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Screaming Eagle Acquisition Corp (SCRM), we notice that the stock’s 20-day average volume is at 851,240 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 671,006 shares. And to end, SCRM’s 100-day average volume is 582,926 shares with 100% of the long-term indicators pointing towards Buy for the stock.