In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
Scilex Holding Company (NASDAQ: SCLX) closed the day trading at $0.90 down -0.24% from the previous closing price of $0.90. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 2.1 million shares were traded. SCLX stock price reached its highest trading level at $0.9636 during the session, while it also had its lowest trading level at $0.8002.
Ratios:
For a better understanding of SCLX, let’s look at 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 95275440 and an Enterprise Value of 219817664. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.19. Its current Enterprise Value per Revenue stands at 4.703 whereas that against EBITDA is -2.17.
Stock Price History:
Over the past 52 weeks, SCLX has reached a high of $14.64, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is -41.19%, while the 200-Day Moving Average is calculated to be -60.53%.
Shares Statistics:
Over the past 3-months, SCLX traded about 967.36K shares per day on average, while over the past 10 days, SCLX traded about 1237680 shares per day. 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 15.93% stake in the company. Shares short for SCLX as of 1711584000 were 6581760 with a Short Ratio of 6.80, compared to 1709164800 on 7244459. Therefore, it implies a Short% of Shares Outstanding of 6581760 and a Short% of Float of 14.34.
Earnings Estimates
The stock of Scilex Holding Company (SCLX) is currently being evaluated by Scilex Holding Company analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $143.55, with high estimates of $84.17 and low estimates of $8.28.
