In the latest trading session, 0.44 million Scilex Holding Company (NASDAQ:SCLX) shares changed hands as the company’s beta touched 1.06. With the company’s most recent per share price at $0.44 changing hands around $0.0 or -1.58% at last look, the market valuation stands at $104.32M. SCLX’s current price is a discount, trading about -497.73% off its 52-week high of $2.63. The share price had its 52-week low at $0.38, which suggests the last value was 13.64% up since then. When we look at Scilex Holding Company’s average trading volume, we note the 10-day average is 1.4 million shares, with the 3-month average coming to 2.21 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. Scilex Holding Company’s EPS for the current quarter is expected to be -0.1.
Scilex Holding Company (NASDAQ:SCLX) trade information
Instantly SCLX was in red as seen in intraday trades today. With action -14.47%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 2.30%, with the 5-day performance at -14.47% in the red. However, in the 30-day time frame, Scilex Holding Company (NASDAQ:SCLX) is -26.07% down. Looking at the short shares, we see there were 4.91 million shares sold at short interest cover period of 3.25 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 -76.92% over the past 6 months, a 28.23% in annual growth rate that is considerably higher than the industry average of 16.70%. Year-over-year growth is forecast to reach 30.34% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 15.7M. 3 analysts are of the opinion that Scilex Holding Company’s revenue for the current quarter will be 18.04M. The company’s revenue for the corresponding quarters a year ago was 10.12M and 13.46M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 55.20%. The estimates for the next quarter sales put growth at 34.00%.
The 2025 estimates are for Scilex Holding Company earnings to increase by 46.09%.
SCLX Dividends
Scilex Holding Company is expected to release its next quarterly earnings report in February.
Scilex Holding Company (NASDAQ:SCLX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.22% of Scilex Holding Company shares while 14.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.09%.
Among Mutual Funds, the top two as of Oct 31, 2024 were SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. With 5.94 shares estimated at $2.57 million under it, the former controlled 3.10% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.94% of the shares, roughly 3.71 shares worth around $1.61 million.
