In the last trading session, 1.52 million Scilex Holding Company (NASDAQ:SCLX) shares changed hands as the company’s beta touched 0.97. With the company’s per share price at $0.64 changed hands at $0.0 or -0.37% during last session, the market valuation stood at $128.72M. SCLX’s last price was a discount, traded about -310.94% off its 52-week high of $2.63. The share price had its 52-week low at $0.46, which suggests the last value was 28.12% up since then. When we look at Scilex Holding Company’s average trading volume, we note the 10-day average is 2.27 million shares, with the 3-month average coming to 1.99 million.
Analysts gave the Scilex Holding Company (SCLX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SCLX as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
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Scilex Holding Company (NASDAQ:SCLX) trade information
Instantly SCLX was in red as seen at the end of in last trading. With action 23.12%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -68.57%, with the 5-day performance at 23.12% in the green. However, in the 30-day time frame, Scilex Holding Company (NASDAQ:SCLX) is -33.23% down. Looking at the short shares, we see there were 5.4 million shares sold at short interest cover period of 1.65 days.
Scilex Holding Company (SCLX) estimates and forecasts
Data shows that the Scilex Holding Company share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -41.17% over the past 6 months, a 28.23% in annual growth rate that is considerably higher than the industry average of 17.70%.
The 2024 estimates are for Scilex Holding Company earnings to increase by 59.11%.
SCLX Dividends
Scilex Holding Company is expected to release its next quarterly earnings report in January.
Scilex Holding Company (NASDAQ:SCLX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 32.79% of Scilex Holding Company shares while 18.16% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 27.02%.
