In the last trading session, 1.26 million Scilex Holding Company (NASDAQ:SCLX) shares changed hands as the company’s beta touched 1.07. With the company’s per share price at $0.42 changed hands at $0.01 or 2.74% during last session, the market valuation stood at $102.97M. SCLX’s last price was a discount, traded about -526.19% off its 52-week high of $2.63. The share price had its 52-week low at $0.37, which suggests the last value was 11.9% up since then. When we look at Scilex Holding Company’s average trading volume, we note the 10-day average is 1.46 million shares, with the 3-month average coming to 1.94 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 -0.09.
Scilex Holding Company (NASDAQ:SCLX) trade information
Instantly SCLX was in green as seen at the end of in last trading. With action -8.00%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -0.75%, with the 5-day performance at -8.00% in the red. However, in the 30-day time frame, Scilex Holding Company (NASDAQ:SCLX) is -0.75% 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 -71.79% over the past 6 months, a 48.39% in annual growth rate that is considerably higher than the industry average of 15.90%. Year-over-year growth is forecast to reach 21.99% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 15.31M. 3 analysts are of the opinion that Scilex Holding Company’s revenue for the current quarter will be 17.13M. The company’s revenue for the corresponding quarters a year ago was 13.46M and 10.88M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.72%. The estimates for the next quarter sales put growth at 57.42%.
The 2025 estimates are for Scilex Holding Company earnings to increase by 53.91%, but the outlook for the next 5-year period is at 27.89% per year.
SCLX Dividends
Scilex Holding Company is expected to release its next quarterly earnings report in March.
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 Nov 30, 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 $2.51 million under it, the former controlled 2.44% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.53% of the shares, roughly 3.71 shares worth around $1.57 million.
