Scilex Holding Company (SCLX) concluded trading on Wednesday at a closing price of $0.87, with 7.06 million shares of worth about $6.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -25.64% during that period and on October 16, 2024 the price saw a gain of about 7.67%. Currently the company’s common shares owned by public are about 191.79M shares, out of which, 116.30M shares are available for trading.
Stock saw a price change of 6.36% in past 5 days and over the past one month there was a price change of -16.35%. Year-to-date (YTD), SCLX shares are showing a performance of -57.35% which decreased to -52.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.73 but also hit the highest price of $2.63 during that period. The average intraday trading volume for Scilex Holding Company shares is 873.63K. The stock is currently trading -0.10% below its 20-day simple moving average (SMA20), while that difference is down -16.98% for SMA50 and it goes to -36.79% lower than SMA200.
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Scilex Holding Company (NASDAQ: SCLX) currently have 191.79M outstanding shares and institutions hold larger chunk of about 20.92% of that.
The stock has a current market capitalization of $166.86M and its 3Y-monthly beta is at 1.17. It has posted earnings per share of -$1.02 in the same period. It has Quick Ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SCLX, volatility over the week remained 9.36% while standing at 11.40% over the month.
Stock’s fiscal year EPS is expected to rise by 43.23% while it is estimated to increase by 26.38% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alliance Global Partners on Oct-17-24 offering a Buy rating for the stock and assigned a target price of $14 to it. Coverage by Rodman & Renshaw stated Scilex Holding Company (SCLX) stock as a Buy in their note to investors on June 13, 2024, suggesting a price target of $13 for the stock. On October 16, 2023, B. Riley Securities Initiated their recommendations, while on October 13, 2023, B. Riley Securities Initiated their ratings for the stock with a price target of $4. Stock get a Buy rating from H.C. Wainwright on October 09, 2023.
