Scilex Holding Company (NASDAQ:SCLX) has a beta value of 1.17 and has seen 2.26 million shares traded in the recent trading session. The company, currently valued at $178.46M, closed the recent trade at $0.93 per share which meant it gained $0.12 on the day or 15.16% during that session. The SCLX stock price is -182.8% off its 52-week high price of $2.63 and 21.51% above the 52-week low of $0.73. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.94 million shares traded. The 3-month trading volume is 873.63K shares.
The consensus among analysts is that Scilex Holding Company (SCLX) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.3.
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Scilex Holding Company (NASDAQ:SCLX) trade information
Sporting 15.16% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SCLX stock price touched $0.93 or saw a rise of 1.99%. Year-to-date, Scilex Holding Company shares have moved -54.39%, while the 5-day performance has seen it change 13.75%. Over the past 30 days, the shares of Scilex Holding Company (NASDAQ:SCLX) have changed -10.53%. Short interest in the company has seen 11.08 million shares shorted with days to cover at 10.57.
Scilex Holding Company (SCLX) estimates and forecasts
Figures show that Scilex Holding Company shares have underperformed across the wider relevant industry. The company’s shares have lost -20.47% over the past 6 months, with this year growth rate of 4.03%, compared to 17.40% for the industry. Revenue growth from the last financial year stood is estimated to be 31.80%.
1 analysts offering their estimates for the company have set an average revenue estimate of 16.86M for the current quarter. 1 have an estimated revenue figure of 17.37M for the next ending quarter. Year-ago sales stood 10.12M and 13.46M respectively for this quarter and the next, and analysts expect sales will grow by 66.70% for the current quarter and 31.80% for the next.
SCLX Dividends
Scilex Holding Company is expected to release its next earnings report on 2024-Aug-13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Scilex Holding Company (NASDAQ:SCLX)’s Major holders
Insiders own 32.74% of the company shares, while shares held by institutions stand at 20.99% with a share float percentage of 31.21%. Investors are also buoyed by the number of investors in a company, with Scilex Holding Company having a total of 145.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 3.10% shares in the company for having 5.94 shares of worth $5.72 million while later fund manager owns 2.98 shares of worth $2.87 million as of Jun 30, 2024, which makes it owner of about 1.55% of company’s outstanding stock.
