Screaming Eagle Acquisition Corp (SCRM) Is Now En Route to Higher Prices

Screaming Eagle Acquisition Corp (NASDAQ: SCRM) is 0.47% higher on its value in year-to-date trading and has touched a low of $9.59 and a high of $11.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SCRM stock was last observed hovering at around $10.64 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $10.65, the stock is 0.34% and 0.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.94 million and changing 0.09% at the moment leaves the stock 2.12% off its SMA200. SCRM registered 5.97% gain for a year compared to 6-month gain of 2.50%. The firm has a 200-day simple moving average (SMA200) of -$489.86.

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The stock witnessed a 0.47% loss in the last 1 month and extending the period to 3 months gives it a 1.43%, and is 0.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.20% over the week and 0.17% over the month.

Current P/E ratio is 30.90. Distance from 52-week low is 11.05% and -3.79% from its 52-week high. The company has generated returns on investments over the last 12 months (4.27%).


Screaming Eagle Acquisition Corp (SCRM) Top Institutional Holders

84 institutions hold shares in Screaming Eagle Acquisition Corp (SCRM), with institutional investors hold 92.20% of the company’s shares. The shares outstanding are 75.00M, and float is at 73.23M with Short Float at 0.00%. Institutions hold 92.20% of the Float.

The top institutional shareholder in the company is First Trust Capital Management L.P. with over 7.02 million shares valued at $72.42 million. The investor’s holdings represent 9.36% of the SCRM Shares outstanding. As of Jun 29, 2023, the second largest holder is Aristeia Capital, LLC with 6.01 million shares valued at $61.99 million to account for 8.01% of the shares outstanding. The other top investors are Millennium Management Llc which holds 4.68 million shares representing 6.24% and valued at over $48.29 million, while AQR Arbitrage LLC holds 5.16% of the shares totaling 3.87 million with a market value of $39.95 million.