Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Scilex Holding Company’s stock clocked out at $0.85, down -7.65% from its previous closing price of $0.92. In other words, the price has decreased by -$7.65 from its previous closing price. On the day, 1.04 million shares were traded. SCLX stock price reached its highest trading level at $0.92 during the session, while it also had its lowest trading level at $0.822.
Ratios:
To gain a deeper understanding of SCLX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.17 and its Current Ratio is at 0.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on October 16, 2023, initiated with a Buy rating and assigned the stock a target price of $4.
On October 13, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.
On October 09, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $12.H.C. Wainwright initiated its Buy rating on October 09, 2023, with a $12 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SCLX now has a Market Capitalization of 102601600 and an Enterprise Value of 221887024. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.01. Its current Enterprise Value per Revenue stands at 4.747 whereas that against EBITDA is -2.191.
Stock Price History:
Over the past 52 weeks, SCLX has reached a high of $8.37, while it has fallen to a 52-week low of $0.80. The 50-Day Moving Average of the stock is -35.38%, while the 200-Day Moving Average is calculated to be -56.66%.
Shares Statistics:
It appears that SCLX traded 1.02M shares on average per day over the past three months and 629840 shares per day over the past ten days. A total of 166.19M shares are outstanding, with a floating share count of 102.88M. Insiders hold about 38.09% of the company’s shares, while institutions hold 15.85% stake in the company. Shares short for SCLX as of 1713139200 were 7344664 with a Short Ratio of 7.22, compared to 1710460800 on 6786685. Therefore, it implies a Short% of Shares Outstanding of 7344664 and a Short% of Float of 16.009999999999998.
