In the last trading session, 1.13 million Scilex Holding Company (NASDAQ:SCLX) shares changed hands as the company’s beta touched 0.96. With the company’s per share price at $0.26 changed hands at -$0.02 or -9.31% during last session, the market valuation stood at $62.80M. SCLX’s last price was a discount, traded about -784.62% off its 52-week high of $2.30. The share price had its 52-week low at $0.21, which suggests the last value was 19.23% up since then. When we look at Scilex Holding Company’s average trading volume, we note the 10-day average is 1.27 million shares, with the 3-month average coming to 1.38 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 0.05.
Scilex Holding Company (NASDAQ:SCLX) trade information
Instantly SCLX was in red as seen at the end of in last trading. With action 6.08%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -39.47%, with the 5-day performance at 6.08% in the green. However, in the 30-day time frame, Scilex Holding Company (NASDAQ:SCLX) is -20.31% down. Looking at the short shares, we see there were 6.05 million shares sold at short interest cover period of 3.93 days.
Scilex Holding Company (SCLX) estimates and forecasts
Year-over-year growth is forecast to reach 283.66% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 52.11M. 1 analysts are of the opinion that Scilex Holding Company’s revenue for the current quarter will be 54.28M. The company’s revenue for the corresponding quarters a year ago was 10.88M and 16.37M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 378.75%. The estimates for the next quarter sales put growth at 231.57%.
The 2025 estimates are for Scilex Holding Company earnings to increase by 65.39%.
SCLX Dividends
Scilex Holding Company is expected to release its next quarterly earnings report on 2025-Mar-30.
Scilex Holding Company (NASDAQ:SCLX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 25.93% of Scilex Holding Company shares while 20.33% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 27.45%. There are 20.33% institutions holding the Scilex Holding Company stock share, with ARMISTICE CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 9.9428% of the shares, roughly 11.95 million SCLX shares worth $23.06 million.
STATE STREET CORP holds the second largest percentage of outstanding shares, with 6.1819% or 7.43 million shares worth $14.34 million as of 2024-06-30.
