Scilex Holding Company (NASDAQ:SCLX) price on current trading day, rose 4.52% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.65.
A look at the stock’s price movement, the close in the last trading session was $0.62, moving within a range at $0.6251 and $0.6655. The beta value (5-Year monthly) was 1.15. Turning to its 52-week performance, $2.63 and $0.46 were the 52-week high and 52-week low respectively. Overall, SCLX moved -39.53% over the past month.
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Scilex Holding Company’s market cap currently stands at around $129.70 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 15.64M for the company’s revenue for the quarter, with a low and high estimate of 13.21M and 16.9M respectively. The average forecast suggests up to a 54.58% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 60.84M, representing a 30.17% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SCLX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SCLX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SCLX’s current price about -0.96% and -20.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.11, while 7-day volatility ratio is 10.91% and 15.07% in the 30-day chart. Further, Scilex Holding Company (SCLX) has a beta value of 0.97, and an average true range (ATR) of 0.09.
If we refocus on Scilex Holding Company (NASDAQ:SCLX), historical trading data shows that trading volumes averaged 1.45 over the past 10 days and 1.98 million over the past 3 months. The company’s latest data on shares outstanding shows there are 191.79 million shares.
The 32.90% of Scilex Holding Company’s shares are in the hands of company insiders while institutional holders own 18.04% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.4 million on 2024-11-15, giving us a short ratio of 1.65. The data shows that as of 2024-11-15 short interest in Scilex Holding Company (SCLX) stood at 732.0 of shares outstanding, with shares short falling to 12.16 million registered in 2024-10-15. Current price change has pushed the stock -68.28% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SCLX stock continues to rise going into the next quarter.
