Scilex Holding Company (NASDAQ:SCLX) price on Thursday, February 27, fall -15.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.23.
A look at the stock’s price movement, the close in the last trading session was $0.27. Turning to its 52-week performance, $2.63 and $0.27 were the 52-week high and 52-week low respectively. Overall, SCLX moved -49.00% over the past month.
Scilex Holding Company’s market cap currently stands at around $55.47 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 15.31M for the company’s revenue for the quarter, with a low and high estimate of 14.87M and 15.75M respectively. The average forecast suggests up to a 13.72% 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 57.02M, representing a 21.99% 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 -35.05% and -44.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 17.61, while 7-day volatility ratio is 13.32% and 9.44% in the 30-day chart. Further, Scilex Holding Company (SCLX) has a beta value of 1.14, and an average true range (ATR) of 0.04.
If we refocus on Scilex Holding Company (NASDAQ:SCLX), historical trading data shows that trading volumes averaged 1.36 million over the past 3 months. The company’s latest data on shares outstanding shows there are 243.31 million shares.
The 25.93% of Scilex Holding Company’s shares are in the hands of company insiders while institutional holders own 20.38% of the company’s shares. Current price change has pushed the stock -46.53% 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.
