On Monday, Scilex Holding Company (NASDAQ: SCLX) opened higher 14.62% from the last session, before settling in for the closing price of $0.86. Price fluctuations for SCLX have ranged from $0.73 to $2.63 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 14.78%. Company’s average yearly earnings per share was noted 55.86% at the time writing. With a float of $107.46 million, this company’s outstanding shares have now reached $160.00 million.
Let’s determine the extent of company efficiency that accounts for 105 employees.
Scilex Holding Company (SCLX) Insider Activity
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 32.84%, while institutional ownership is 25.08%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 55.86% 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 3.08. Likewise, its price to free cash flow for the trailing twelve months is 12.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.02, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.67 in one year’s time.
Technical Analysis of Scilex Holding Company (SCLX)
Looking closely at Scilex Holding Company (NASDAQ: SCLX), its last 5-days average volume was 0.86 million, which is a drop from its year-to-date volume of 1.03 million. As of the previous 9 days, the stock’s Stochastic %D was 48.43%. Additionally, its Average True Range was 0.10.
During the past 100 days, Scilex Holding Company’s (SCLX) raw stochastic average was set at 13.66%, which indicates a significant decrease from 56.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 134.71% in the past 14 days, which was higher than the 117.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1585, while its 200-day Moving Average is $1.4064. However, in the short run, Scilex Holding Company’s stock first resistance to watch stands at $1.0433. Second resistance stands at $1.1067. The third major resistance level sits at $1.1933. If the price goes on to break the first support level at $0.8933, it is likely to go to the next support level at $0.8067. Should the price break the second support level, the third support level stands at $0.7433.
Scilex Holding Company (NASDAQ: SCLX) Key Stats
There are currently 181,190K shares outstanding in the company with a market cap of 156.80 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.
