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In the latest session, Scilex Holding Company (NASDAQ: SCLX) closed at $0.92 down -6.55% from its previous closing price of $0.98. In other words, the price has decreased by -$6.55 from its previous closing price. On the day, 1.59 million shares were traded. SCLX stock price reached its highest trading level at $1.08 during the session, while it also had its lowest trading level at $0.8851.
Ratios:
For a deeper understanding of Scilex Holding Company’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.02. For the most recent quarter (mrq), Quick Ratio is recorded 0.19 and its Current Ratio is at 0.20.
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, Rodman & Renshaw on June 13, 2024, initiated with a Buy rating and assigned the stock a target price of $13.
On October 16, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.
On October 13, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $4.B. Riley Securities initiated its Buy rating on October 13, 2023, with a $4 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 17 ’24 when Ji Henry bought 50,000 shares for $0.88 per share. The transaction valued at 43,985 led to the insider holds 50,070 shares of the business.
Chun Jay bought 57,500 shares of SCLX for $51,641 on May 17 ’24. The Director now owns 102,500 shares after completing the transaction at $0.90 per share. On May 16 ’24, another insider, SHAH JAISIM, who serves as the insider of the company, bought 83,061 shares for $0.84 each. As a result, the insider paid 69,846 and bolstered with 98,943 shares of the company.
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 129596688 and an Enterprise Value of 220739952. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.88. Its current Enterprise Value per Revenue stands at 4.342 whereas that against EBITDA is -2.323.
Stock Price History:
Over the past 52 weeks, SCLX has reached a high of $2.63, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is -20.95%, while the 200-Day Moving Average is calculated to be -34.88%.
Shares Statistics:
For the past three months, SCLX has traded an average of 899.15K shares per day and 1080490 over the past ten days. A total of 160.00M shares are outstanding, with a floating share count of 107.46M. Insiders hold about 32.84% of the company’s shares, while institutions hold 25.08% stake in the company. Shares short for SCLX as of 1726185600 were 9320577 with a Short Ratio of 10.37, compared to 1723680000 on 8234315. Therefore, it implies a Short% of Shares Outstanding of 9320577 and a Short% of Float of 13.04.
