Critical Analysis: ScION Tech Growth II (SCOB) & Its Peers

ScION Tech Growth II (NASDAQ:SCOB – Get Rating) is one of 701 public companies in the “Holding & other investment offices” industry, but how does it compare to its peers? We will compare ScION Tech Growth II to related companies based on the strength of its analyst recommendations, profitability, institutional ownership, dividends, earnings, risk and valuation.

Analyst Ratings

This is a summary of recent recommendations and price targets for ScION Tech Growth II and its peers, 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	177	727	988	20	2.45

As a group, “Holding & other investment offices” companies have a potential upside of 74.48%. Given ScION Tech Growth II’s peers higher probable upside, analysts plainly believe ScION Tech Growth II has less favorable growth aspects than its peers.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
ScION Tech Growth II	N/A	4.47%	0.98%
ScION Tech Growth II Competitors	49.62%	-28.80%	2.69%

Earnings & Valuation

This table compares ScION Tech Growth II and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
ScION Tech Growth II	N/A	$3.39 million	-65.53
ScION Tech Growth II Competitors	$1.22 billion	$61.54 million	-18.08

ScION Tech Growth II’s peers 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 peers, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

64.2% of ScION Tech Growth II shares are owned by institutional investors. Comparatively, 55.4% of shares of all “Holding & other investment offices” companies are owned by institutional investors. 18.7% of shares of all “Holding & other investment offices” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Summary

ScION Tech Growth II peers beat ScION Tech Growth II on 7 of the 9 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.