During the last session, Scilex Holding Company (NASDAQ:SCLX)’s traded shares were 0.76 million, with the beta value of the company hitting 1.17. The 52-week high for the SCLX share is $2.63, that puts it down -232.91 from that peak though still a striking 7.59% gain since the share price plummeted to a 52-week low of $0.73. The company’s market capitalization is $151.49M, and the average intraday trading volume over the past 10 days was 1.02 million shares, and the average trade volume was 892.70K shares over the past three months.
Scilex Holding Company (SCLX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. SCLX has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.3.
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Scilex Holding Company (NASDAQ:SCLX) trade information
Scilex Holding Company (SCLX) registered a 0.61% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.61% in intraday trading to $0.79, hitting a weekly high. The stock’s 5-day price performance is -19.40%, and it has moved by -25.48% in 30 days. Based on these gigs, the overall price performance for the year is -64.58%. The short interest in Scilex Holding Company (NASDAQ:SCLX) is 11.08 million shares and it means that shorts have 10.57 day(s) to cover.
Scilex Holding Company (SCLX) estimates and forecasts
Statistics show that Scilex Holding Company has underperformed its competitors in share price, compared to the industry in which it operates. Scilex Holding Company (SCLX) shares have gone down -40.61% during the last six months, with a year-to-date growth rate less than the industry average at 4.03% against 17.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 52.40% this quarter and then drop -36.00% in the quarter after that. In the rating firms’ projections, revenue will increase 31.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 16.86M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 17.37M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 10.12M and 13.46M respectively. In this case, analysts expect current quarter sales to grow by 66.70% and then jump by 29.00% in the coming quarter.
While earnings are projected to return 7.03% in 2024.
SCLX Dividends
Scilex Holding Company is due to release its next quarterly earnings on 2024-Aug-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Scilex Holding Company (NASDAQ:SCLX)’s Major holders
Scilex Holding Company insiders own 32.74% of total outstanding shares while institutional holders control 20.99%, with the float percentage being 31.21%.
