Critical Review: ScION Tech Growth II (SCOB) and The Competition

ScION Tech Growth II (NASDAQ:SCOBGet Rating) is one of 682 publicly-traded companies in the “Holding & other investment offices” industry, but how does it contrast to its rivals? We will compare ScION Tech Growth II to related companies based on the strength of its dividends, institutional ownership, valuation, profitability, risk, analyst recommendations and earnings.

Earnings and Valuation

This table compares ScION Tech Growth II and its rivals top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
ScION Tech Growth II N/A N/A -65.60
ScION Tech Growth II Competitors $1.23 billion $71.90 million -18.57

ScION Tech Growth II’s rivals have higher revenue and earnings than ScION Tech Growth II. ScION Tech Growth II is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Insider & Institutional Ownership

54.5% of ScION Tech Growth II shares are owned by institutional investors. Comparatively, 51.1% of shares of all “Holding & other investment offices” companies are owned by institutional investors. 23.3% of shares of all “Holding & other investment offices” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Analyst Ratings

This is a summary of recent ratings and recommmendations for ScION Tech Growth II and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ScION Tech Growth II 0 0 0 0 N/A
ScION Tech Growth II Competitors 175 679 959 20 2.45

As a group, “Holding & other investment offices” companies have a potential upside of 78.22%. Given ScION Tech Growth II’s rivals higher possible upside, analysts plainly believe ScION Tech Growth II has less favorable growth aspects than its rivals.

Profitability

This table compares ScION Tech Growth II and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
ScION Tech Growth II N/A N/A N/A
ScION Tech Growth II Competitors 49.62% -28.80% 2.69%

Summary

ScION Tech Growth II rivals beat ScION Tech Growth II on 6 of the 8 factors compared.

About ScION Tech Growth II (Get Rating)

ScION Tech Growth II focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on technology-enabled businesses that offer technology solutions, broader technology software and services in the financial services sector. The company was incorporated in 2020 and is based in London, the United Kingdom.

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