In the last trading session, 1.59 million shares of the Scilex Holding Company (NASDAQ:SCLX) were traded, and its beta was 1.00. Most recently the company’s share price was $0.28, and it changed around $0.0 or -0.07% from the last close, which brings the market valuation of the company to $68.15M. SCLX currently trades at a discount to its 52-week high of $2.30, offering almost -721.43% off that amount. The share price’s 52-week low was $0.21, which indicates that the current value has risen by an impressive 25.0% since then. We note from Scilex Holding Company’s average daily trading volume that its 10-day average is 1.11 million shares, with the 3-month average coming to 1.43 million.
Scilex Holding Company stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended SCLX as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Scilex Holding Company is expected to report earnings per share of -0.09 for the current quarter.
Scilex Holding Company (NASDAQ:SCLX) trade information
Instantly SCLX has showed a red trend with a performance of -0.07% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.3400 on recent trading dayincreased the stock’s daily price by 17.65%. The company’s shares are currently down -34.31% year-to-date, but still down -6.07% over the last five days. On the other hand, Scilex Holding Company (NASDAQ:SCLX) is -16.51% down in the 30-day period. We can see from the shorts that 6.28 million shares have been sold at a short interest cover period of 5.05 day(s).
Scilex Holding Company (SCLX) estimates and forecasts
The year-over-year growth rate is expected to be 21.75%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 15.31M in revenue for the current quarter. 4 analysts expect Scilex Holding Company to make 25.88M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 13.46M and 10.88M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 13.72%. Forecasts for the next quarter put sales growth at 137.75%.
SCLX Dividends
Scilex Holding Company’s next quarterly earnings report is expected to be released on 2025-Jan-16.
Scilex Holding Company (NASDAQ:SCLX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 25.93% of Scilex Holding Company shares, and 20.34% of them are in the hands of institutional investors. The stock currently has a share float of 27.46%. Scilex Holding Company stock is held by 155.0 institutions, with ARMISTICE CAPITAL, LLC being the largest institutional investor. By 2024-06-30, it held 9.9428% of the shares, which is about 11.95 million shares worth $23.06 million.
D. E. SHAW & CO., INC., with 0.5217% or 0.63 million shares worth $1.21 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
