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As of close of business last night, Scilex Holding Company’s stock clocked out at $1.84, down -4.65% from its previous closing price of $1.93. In other words, the price has decreased by -$4.65 from its previous closing price. On the day, 7.85 million shares were traded. SCLX stock price reached its highest trading level at $2.23 during the session, while it also had its lowest trading level at $1.78.
Ratios:
To gain a deeper understanding of SCLX’s stock, we examine 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:
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 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 218017792 and an Enterprise Value of 328245440. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.09. Its current Enterprise Value per Revenue stands at 6.977 whereas that against EBITDA is -3.212.
Stock Price History:
The Beta on a monthly basis for SCLX is 1.23, which has changed by -0.6875 over the last 52 weeks, in comparison to a change of 0.25510752 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 53.70%, while the 200-Day Moving Average is calculated to be 25.43%.
Shares Statistics:
It appears that SCLX traded 1.15M shares on average per day over the past three months and 2115810 shares per day over the past ten days. 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 1718323200 were 7918300 with a Short Ratio of 6.87, compared to 1715731200 on 8075870. Therefore, it implies a Short% of Shares Outstanding of 7918300 and a Short% of Float of 13.0.
Earnings Estimates
The dynamic stock of Scilex Holding Company (SCLX) is currently attracting attention from 3 analysts actively involved in rating its market status.On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.26, while EPS last year was -$0.63. The consensus estimate for the next quarter is -$0.17, with high estimates of -$0.1 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$0.5 and -$1.04 for the fiscal current year, implying an average EPS of -$0.74. EPS for the following year is -$0.49, with 3.0 analysts recommending between -$0.25 and -$0.79.
Revenue Estimates
For the next quarter, 3 analysts are estimating revenue of $16.03M. There is a high estimate of $20.85M for the next quarter, whereas the lowest estimate is $11.55M.
A total of 3 analysts have provided revenue estimates for SCLX’s current fiscal year. The highest revenue estimate was $72.38M, while the lowest revenue estimate was $45.6M, resulting in an average revenue estimate of $60.1M. In the same quarter a year ago, actual revenue was $46.74MBased on 3 analysts’ estimates, the company’s revenue will be $89.18M in the next fiscal year. The high estimate is $135.85M and the low estimate is $47.57M.
