Scilex Holding Company (NASDAQ:SCLX) traded at $0.35 at close of the session on Friday, March 07 and made an upward move of 7.01% on its previous day’s price.
Scilex Holding Company has a market cap of $84.33 million and is expected to release its quarterly earnings report in April.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 15.31M, with a low of 14.87M and a high of 15.75M. The median projection represents growth squeezing down to 13.72% 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 56.91M, or 21.75% 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 8.54% off its SMA20 and -11.17% from its 50-day simple moving average. The RSI (14) is pointing at 50.88 while the volatility over the past week is 14.59% and jumps to 10.83% over the past one month. The beta value is 0.95, while the average true range (ATR) is currently pointing at 0.04.
