Scilex Holding Company (NASDAQ:SCLX) has a beta value of 1.06 and has seen 0.39 million shares traded in the recent trading session. The company, currently valued at $86.76M, closed the recent trade at $0.36 per share which meant it gained $0.01 on the day or 0.73% during that session. The SCLX stock price is -630.56% off its 52-week high price of $2.63 and 8.33% above the 52-week low of $0.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.27 million shares traded. The 3-month trading volume is 1.57 million 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 -0.09.
Scilex Holding Company (NASDAQ:SCLX) trade information
Sporting 0.73% 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 $0.36 or saw a rise of 1.02%. Year-to-date, Scilex Holding Company shares have moved -16.37%, while the 5-day performance has seen it change 1.31%. Over the past 30 days, the shares of Scilex Holding Company (NASDAQ:SCLX) have changed -24.00%. Short interest in the company has seen 4.34 million shares shorted with days to cover at 3.09.
Scilex Holding Company (SCLX) estimates and forecasts
The company’s shares have lost -71.24% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 21.99%.
2 analysts offering their estimates for the company have set an average revenue estimate of 15.31M for the current quarter. 3 have an estimated revenue figure of 17.13M for the next ending quarter. Year-ago sales stood 13.46M and 10.88M respectively for this quarter and the next, and analysts expect sales will grow by 13.72% for the current quarter and 21.99% for the next.
SCLX Dividends
Scilex Holding Company is expected to release its next earnings report in March 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 25.87% of the company shares, while shares held by institutions stand at 20.35% with a share float percentage of 27.45%. Investors are also buoyed by the number of investors in a company, with Scilex Holding Company having a total of 157.0 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 Nov 30, 2024, the former fund manager holds about 2.44% shares in the company for having 5.94 shares of worth $2.11 million while later fund manager owns 3.71 shares of worth $1.32 million as of Sep 30, 2024, which makes it owner of about 1.53% of company’s outstanding stock.
