In last trading session, Scilex Holding Company (NASDAQ:SCLX) saw 7.5 million shares changing hands with its beta currently measuring 1.17. Company’s recent per share price level of $0.97 trading at $0.02 or 2.47% at ring of the bell on the day assigns it a market valuation of $186.04M. That closing price of SCLX’s stock is at a discount of -171.13% from its 52-week high price of $2.63 and is indicating a premium of 24.74% from its 52-week low price of $0.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.76 million shares which gives us an average trading volume of 984.81K if we extend that period to 3-months.
For Scilex Holding Company (SCLX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.2 in the current quarter.
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Scilex Holding Company (NASDAQ:SCLX) trade information
Upright in the green during last session for gaining 2.47%, in the last five days SCLX remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $0.97 price level, adding 14.16% to its value on the day. Scilex Holding Company’s shares saw a change of -52.45% in year-to-date performance and have moved 22.80% in past 5-day. Scilex Holding Company (NASDAQ:SCLX) showed a performance of -5.83% in past 30-days. Number of shares sold short was 11.08 million shares which calculate 10.57 days to cover the short interests.
Scilex Holding Company (SCLX) estimates and forecasts
Statistics highlight that Scilex Holding Company is scoring comparatively lower than the scores of other players of the relevant industry. The company added 8.04% of value to its shares in past 6 months, showing an annual growth rate of 4.03% while that of industry is 17.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 32.00% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 16.81M for the same. And 2 analysts are in estimates of company making revenue of 17.56M in the next quarter. Company posted 10.12M and 13.46M of sales in current and next quarters respectively a year earlier.
Scilex Holding Company (NASDAQ:SCLX)’s Major holders
Insiders are in possession of 32.74% of company’s total shares while institution are holding 20.99 percent of that, with stock having share float percentage of 31.21%. Investors also watch the number of corporate investors in a company very closely, which is 20.99% institutions for Scilex Holding Company that are currently holding shares of the company.
