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The closing price of Scilex Holding Company (NASDAQ: SCLX) was $1.15 for the day, up 3.60% from the previous closing price of $1.11. In other words, the price has increased by $3.60 from its previous closing price. On the day, 0.64 million shares were traded. SCLX stock price reached its highest trading level at $1.19 during the session, while it also had its lowest trading level at $1.095.
Ratios:
Our analysis of SCLX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.09. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 151480304 and an Enterprise Value of 251589232. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.34. Its current Enterprise Value per Revenue stands at 4.949 whereas that against EBITDA is -2.648.
Stock Price History:
Over the past 52 weeks, SCLX has reached a high of $3.24, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is -26.79%, while the 200-Day Moving Average is calculated to be -19.69%.
Shares Statistics:
SCLX traded an average of 1.20M shares per day over the past three months and 700970 shares per day over the past ten days. A total of 191.79M shares are outstanding, with a floating share count of 125.34M. Insiders hold about 34.65% of the company’s shares, while institutions hold 20.92% stake in the company. Shares short for SCLX as of 1723680000 were 8234315 with a Short Ratio of 6.87, compared to 1721001600 on 8276849. Therefore, it implies a Short% of Shares Outstanding of 8234315 and a Short% of Float of 11.5200005.
