The closing price of Scilex Holding Company (NASDAQ: SCLX) was $1.37 for the day, down -1.44% from the previous closing price of $1.39. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 1423139 shares were traded.
Ratios:
Our analysis of SCLX’s different ratios will help us gain a deeper understanding of the company. 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 145.39M and an Enterprise Value of 269.93M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.87. Its current Enterprise Value per Revenue stands at 5.77 whereas that against EBITDA is -2.47.
Stock Price History:
Over the past 52 weeks, SCLX has reached a high of $16.90, while it has fallen to a 52-week low of $0.90. The 50-Day Moving Average of the stock is 1.6893, while the 200-Day Moving Average is calculated to be 2.8844.
Shares Statistics:
SCLX traded an average of 945.59K shares per day over the past three months and 1.16M shares per day over the past ten days. A total of 100.02M shares are outstanding, with a floating share count of 99.56M. Insiders hold about 40.09% of the company’s shares, while institutions hold 15.90% stake in the company. Shares short for SCLX as of Feb 29, 2024 were 7.24M with a Short Ratio of 7.66, compared to 6.96M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.53% and a Short% of Float of 7.44%.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.11 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.43 and -$0.61 for the fiscal current year, implying an average EPS of -$0.51. EPS for the following year is -$0.34, with 2 analysts recommending between -$0.32 and -$0.36.
Revenue Estimates
A total of 3 analysts have provided revenue estimates for SCLX’s current fiscal year. The highest revenue estimate was $103.15M, while the lowest revenue estimate was $57.43M, resulting in an average revenue estimate of $82.93M. In the same quarter a year ago, actual revenue was $46.74M, up 77.40% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $98.76M in the next fiscal year. The high estimate is $118.4M and the low estimate is $79.12M. The average revenue growth estimate for next year is up 19.10% from the average revenue estimate for this year.
