Scilex Holding Company (NASDAQ:SCLX) has a beta value of 1.05 and has seen 0.54 million shares traded in the recent trading session. The company, currently valued at $58.54M, closed the recent trade at $0.24 per share which meant it lost -$0.01 on the day or -3.18% during that session. The SCLX stock price is -858.33% off its 52-week high price of $2.30 and 12.5% above the 52-week low of $0.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.99 million shares traded. The 3-month trading volume is 1.36 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 0.28.
Scilex Holding Company (NASDAQ:SCLX) trade information
Sporting -3.18% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SCLX stock price touched $0.24 or saw a rise of 15.7%. Year-to-date, Scilex Holding Company shares have moved -43.57%, while the 5-day performance has seen it change -3.45%. Over the past 30 days, the shares of Scilex Holding Company (NASDAQ:SCLX) have changed -17.43%. Short interest in the company has seen 6.05 million shares shorted with days to cover at 3.93.
Scilex Holding Company (SCLX) estimates and forecasts
The company’s shares have lost -74.42% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 116.42%.
4 analysts offering their estimates for the company have set an average revenue estimate of 25.88M for the current quarter. 4 have an estimated revenue figure of 29.89M for the next ending quarter. Year-ago sales stood 10.88M and 16.37M respectively for this quarter and the next, and analysts expect sales will grow by 137.75% for the current quarter and 116.42% for the next.
SCLX Dividends
Scilex Holding Company is expected to release its next earnings report on 2025-Mar-30 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 25.93% of the company shares, while shares held by institutions stand at 20.34% with a share float percentage of 27.46%. Investors are also buoyed by the number of investors in a company, with Scilex Holding Company having a total of 154.0 institutions that hold shares in the company. The top two institutional holders are ARMISTICE CAPITAL, LLC with over 11.95 million shares worth more than $23.06 million. As of 2024-06-30, ARMISTICE CAPITAL, LLC held 9.9428% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 6.71 million shares as of 2024-06-30. The firm’s total holdings are worth over $12.95 million and represent 5.5809% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR SERIES TRUST-SPDR(R) S&P(R) Biotech ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. As of Feb 28, 2025, the former fund manager holds about 2.44% shares in the company for having 5.94 shares of worth $1.4 million while later fund manager owns 3.71 shares of worth $0.88 million as of Dec 31, 2024, which makes it owner of about 1.53% of company’s outstanding stock.
