For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Scilex Holding Company’s stock clocked out at $0.44, up 2.42% from its previous closing price of $0.43. In other words, the price has increased by $2.42 from its previous closing price. On the day, 0.81 million shares were traded. SCLX stock price reached its highest trading level at $0.4404 during the session, while it also had its lowest trading level at $0.42.
Ratios:
To gain a deeper understanding of SCLX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1339.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.18. For the most recent quarter (mrq), Quick Ratio is recorded 0.13 and its Current Ratio is at 0.14.
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, Alliance Global Partners on October 16, 2024, initiated with a Buy rating and assigned the stock a target price of $14.
On June 13, 2024, Rodman & Renshaw started tracking the stock assigning a Buy rating and target price of $13.
On October 16, 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 16, 2023, with a $4 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 18 ’24 when SHAH JAISIM bought 30,000 shares for $0.46 per share. The transaction valued at 13,800 led to the insider holds 139,333 shares of the business.
Ji Henry bought 8,888 shares of SCLX for $8,351 on Oct 31 ’24. The Executive Chairperson now owns 320,161 shares after completing the transaction at $0.94 per share. On Oct 29 ’24, another insider, SHAH JAISIM, who serves as the insider of the company, bought 32,000 shares for $0.99 each. As a result, the insider paid 31,670 and bolstered with 109,333 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 80700656 and an Enterprise Value of 159252144. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94. Its current Enterprise Value per Revenue stands at 3.133 whereas that against EBITDA is -1.676.
Stock Price History:
The Beta on a monthly basis for SCLX is 1.07, which has changed by -0.7426901 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, SCLX has reached a high of $2.63, while it has fallen to a 52-week low of $0.38. The 50-Day Moving Average of the stock is -17.65%, while the 200-Day Moving Average is calculated to be -57.58%.
Shares Statistics:
It appears that SCLX traded 1.99M shares on average per day over the past three months and 1389430 shares per day over the past ten days. A total of 243.31M shares are outstanding, with a floating share count of 175.81M. Insiders hold about 27.74% of the company’s shares, while institutions hold 14.26% stake in the company. Shares short for SCLX as of 1735603200 were 4914943 with a Short Ratio of 2.47, compared to 1732838400 on 6142088. Therefore, it implies a Short% of Shares Outstanding of 4914943 and a Short% of Float of 4.9099997.
