On Monday, Scilex Holding Company (NASDAQ: SCLX) opened lower -6.56% from the last session, before settling in for the closing price of $1.22. Price fluctuations for SCLX have ranged from $0.73 to $3.63 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 14.78% annually for the last half of the decade. Company’s average yearly earnings per share was noted 55.08% at the time writing. With a float of $125.34 million, this company’s outstanding shares have now reached $191.79 million.
In an organization with 105 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 62.2%, operating margin of -195.02%, and the pretax margin is -233.86%.
Scilex Holding Company (SCLX) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Drug Manufacturers – General industry is another important factor to consider. The insider ownership of Scilex Holding Company is 34.65%, while institutional ownership is 20.92%. The most recent insider transaction that took place on May 17 ’24, was worth 43,985. In this transaction Executive Chairperson of this company bought 50,000 shares at a rate of $0.88, taking the stock ownership to the 50,070 shares. Before that another transaction happened on May 17 ’24, when Company’s Director bought 57,500 for $0.90, making the entire transaction worth $51,641. This insider now owns 102,500 shares in total.
Scilex Holding Company (SCLX) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.63 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.17) by -0.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 55.08% per share during the next fiscal year.
Scilex Holding Company (NASDAQ: SCLX) Trading Performance Indicators
Check out the current performance indicators for Scilex Holding Company (SCLX). In the past quarter, the stock posted a quick ratio of 0.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.30. Likewise, its price to free cash flow for the trailing twelve months is 17.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.02, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.45 in one year’s time.
Technical Analysis of Scilex Holding Company (SCLX)
Let’s dig in a bit further. During the last 5-days, its volume was 0.86 million. That was inferior than the volume of 1.04 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 11.90%. Additionally, its Average True Range was 0.12.
During the past 100 days, Scilex Holding Company’s (SCLX) raw stochastic average was set at 26.04%, which indicates a significant increase from 6.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.76% in the past 14 days, which was lower than the 119.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.6158, while its 200-day Moving Average is $1.4347. However, in the short run, Scilex Holding Company’s stock first resistance to watch stands at $1.2067. Second resistance stands at $1.2733. The third major resistance level sits at $1.3167. If the price goes on to break the first support level at $1.0967, it is likely to go to the next support level at $1.0533. The third support level lies at $0.9867 if the price breaches the second support level.
Scilex Holding Company (NASDAQ: SCLX) Key Stats
There are currently 181,190K shares outstanding in the company with a market cap of 218.64 million. Presently, the company’s annual sales total 46,740 K according to its annual income of -114,330 K. Last quarter, the company’s sales amounted to 16,370 K and its income totaled -37,580 K.
