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

ScION Tech Growth II (NASDAQ:SCOBGet Rating) is one of 700 public companies in the “Holding & other investment offices” industry, but how does it contrast to its competitors? We will compare ScION Tech Growth II to related businesses based on the strength of its institutional ownership, earnings, dividends, risk, profitability, valuation and analyst recommendations.

Institutional and Insider Ownership

64.2% of ScION Tech Growth II shares are held by institutional investors. Comparatively, 56.7% of shares of all “Holding & other investment offices” companies are held by institutional investors. 23.7% of shares of all “Holding & other investment offices” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Analyst Ratings

This is a summary of current ratings for ScION Tech Growth II and its competitors, 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 182 733 987 20 2.44

As a group, “Holding & other investment offices” companies have a potential upside of 82.78%. Given ScION Tech Growth II’s competitors higher probable upside, analysts plainly believe ScION Tech Growth II has less favorable growth aspects than its competitors.

Profitability

This table compares ScION Tech Growth II and its competitors’ 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 37.49% -28.85% 2.58%

Earnings and Valuation

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

Gross Revenue Net Income Price/Earnings Ratio
ScION Tech Growth II N/A $3.39 million -65.20
ScION Tech Growth II Competitors $1.22 billion $61.67 million 20.32

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

Summary

ScION Tech Growth II competitors 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.

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