Scilex Holding Company (NASDAQ:SCLX) traded at $0.96 at close of the session on Monday, November 04 and made a downward move of -0.68% on its previous day’s price.
Looking at the stock we see that its previous close was $0.97 and the beta (5Y monthly) reads 1.165 with the day’s price range being $0.9401 – $1.01. In terms of its 52-week price range, SCLX has a high of $2.63 and a low of $0.73. The company’s stock has lost about -1.55% over that past 30 days.
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Scilex Holding Company has a market cap of $187.18 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.17, with the EPS growth for the year raised at -0.76 for current year and -0.76 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 15.61M, with a low of 13.2M and a high of 16.86M. The median projection represents growth squeezing down to 54.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 60.84M, or 30.20% up from figures reported last year.
On the other hand, looking at the outlook for the SCLX stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Scilex Holding Company (SCLX) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 6.91% off its SMA20 and -0.08% from its 50-day simple moving average. The RSI (14) is pointing at 52.35 while the volatility over the past week is 8.77% and jumps to 11.57% over the past one month. The beta value is 1.15, while the average true range (ATR) is currently pointing at 0.10.
Coming back to Scilex Holding Company (NASDAQ:SCLX), we note that the average 3-month trading volume was 1.31 million, while that of the preceding 10-day period stands at 2.24 million. Current shares outstanding are 191.79 million.
The insiders hold 39.44% of the company’s shares while institutions hold 20.93%. The data shows that short shares as of 2024-10-15, stood at 12.16 million at a short ratio of 11.43. This represents a 1650.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 9.32 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -52.71% down in year-to-date price movement.
