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Scilex Holding Company (NASDAQ: SCLX) closed the day trading at $1.92 down -1.54% from the previous closing price of $1.95. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 1.11 million shares were traded. SCLX stock price reached its highest trading level at $2.005 during the session, while it also had its lowest trading level at $1.8707.
Ratios:
For a better understanding of SCLX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.14 and its Current Ratio is at 0.15.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 17 ’24 when SHAH JAISIM bought 56,939 shares for $0.92 per share. The transaction valued at 52,099 led to the insider holds 155,882 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 17 ’24, another insider, Ji Henry, who serves as the Executive Chairperson of the company, bought 50,000 shares for $0.88 each. As a result, the insider paid 43,985 and bolstered with 50,070 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 232552320 and an Enterprise Value of 342780000. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.39. Its current Enterprise Value per Revenue stands at 7.286 whereas that against EBITDA is -3.354.
Stock Price History:
The Beta on a monthly basis for SCLX is 1.23, which has changed by -0.657754 over the last 52 weeks, in comparison to a change of 0.22226071 over the same period for the S&P500. Over the past 52 weeks, SCLX has reached a high of $6.55, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is 37.29%, while the 200-Day Moving Average is calculated to be 30.18%.
Shares Statistics:
Over the past 3-months, SCLX traded about 1.32M shares per day on average, while over the past 10 days, SCLX traded about 1162200 shares per day. A total of 181.19M shares are outstanding, with a floating share count of 118.21M. Insiders hold about 34.76% of the company’s shares, while institutions hold 15.96% stake in the company. Shares short for SCLX as of 1719532800 were 8924244 with a Short Ratio of 6.78, compared to 1717113600 on 7075169. Therefore, it implies a Short% of Shares Outstanding of 8924244 and a Short% of Float of 14.66.
