Scilex Holding Company (NASDAQ: SCLX) kicked off on Monday, down -9.01% from the previous trading day, before settling in for the closing price of $0.88. Over the past 52 weeks, SCLX has traded in a range of $0.73-$2.63.
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Annual sales at Healthcare sector company grew by 14.78% over the past five years. While this was happening, its average annual earnings per share was recorded 46.09%. With a float of $116.16 million, this company’s outstanding shares have now reached $191.79 million.
Let’s look at the performance matrix of the company that is accounted for 105 employees. 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
Our next focus will be how large-scale investors are participating in this stock of the Drug Manufacturers – General Industry. The insider ownership of Scilex Holding Company is 39.44%, while institutional ownership is 20.93%. The most recent insider transaction that took place on Oct 31 ’24, was worth 8,351. In this transaction Executive Chairperson of this company bought 8,888 shares at a rate of $0.94, taking the stock ownership to the 320,161 shares. Before that another transaction happened on Oct 29 ’24, when Company’s insider bought 32,000 for $0.99, making the entire transaction worth $31,670. This insider now owns 109,333 shares in total.
Scilex Holding Company (SCLX) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.63 earnings per share (EPS), lower than consensus estimate (set at -0.17) by -0.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 46.09% per share during the next fiscal year.
Scilex Holding Company (NASDAQ: SCLX) Trading Performance Indicators
Take a look at Scilex Holding Company’s (SCLX) current performance indicators. Last quarter, stock had a quick ratio of 0.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.73. Likewise, its price to free cash flow for the trailing twelve months is 11.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.02, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.39 in one year’s time.
Technical Analysis of Scilex Holding Company (SCLX)
Scilex Holding Company (NASDAQ: SCLX) saw its 5-day average volume 4.87 million, a positive change from its year-to-date volume of 1.24 million. As of the previous 9 days, the stock’s Stochastic %D was 38.39%. Additionally, its Average True Range was 0.11.
During the past 100 days, Scilex Holding Company’s (SCLX) raw stochastic average was set at 2.08%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 103.00% in the past 14 days, which was higher than the 92.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9485, while its 200-day Moving Average is $1.2989. Nevertheless, the first resistance level for the watch stands at $0.8535 in the near term. At $0.9061, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9323. If the price goes on to break the first support level at $0.7747, it is likely to go to the next support level at $0.7485. The third support level lies at $0.6959 if the price breaches the second support level.
Scilex Holding Company (NASDAQ: SCLX) Key Stats
The company with the Market Capitalisation of 138.56 million has total of 191,791K Shares Outstanding. Its annual sales at the moment are 46,740 K in contrast with the sum of -114,330 K annual income. Company’s last quarter sales were recorded 16,370 K and last quarter income was -37,580 K.
