Scilex Holding Company (NASDAQ: SCLX) on Tuesday, plunged -3.20% from the previous trading day, before settling in for the closing price of $0.64. Within the past 52 weeks, SCLX’s price has moved between $0.46 and $2.63.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 14.78%. The company achieved an average annual earnings per share of 59.11%. With a float of $128.69 million, this company’s outstanding shares have now reached $191.79 million.
Considering the fact that the conglomerate employs 105 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 64.18%, operating margin of -195.02%, and the pretax margin is -233.86%.
Scilex Holding Company (SCLX) Insider Activity
Observing investor behavior towards Drug Manufacturers – General industry stocks is more important than anything else. The insider ownership of Scilex Holding Company is 32.90%, while institutional ownership is 18.04%. 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) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.63 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.17) by -0.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.11% per share during the next fiscal year.
Scilex Holding Company (NASDAQ: SCLX) Trading Performance Indicators
Scilex Holding Company (SCLX) is currently performing well based on its current performance indicators. A quick ratio of 0.19 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.34. Likewise, its price to free cash flow for the trailing twelve months is 9.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.02, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.26 in one year’s time.
Technical Analysis of Scilex Holding Company (SCLX)
Compared to the last year’s volume of 1.3 million, its volume of 1.0 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 62.80%. Additionally, its Average True Range was 0.10.
During the past 100 days, Scilex Holding Company’s (SCLX) raw stochastic average was set at 10.02%, which indicates a significant decrease from 47.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.87% in the past 14 days, which was higher than the 88.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8242, while its 200-day Moving Average is $1.2225. Nevertheless, the first resistance level for the watch stands at $0.6443 in the near term. At $0.6678, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.6810. If the price goes on to break the first support level at $0.6076, it is likely to go to the next support level at $0.5944. Should the price break the second support level, the third support level stands at $0.5709.
Scilex Holding Company (NASDAQ: SCLX) Key Stats
Market capitalization of the company is 119.05 million based on 191,791K outstanding shares. Right now, sales total 46,740 K and income totals -114,330 K. The company made 16,370 K in profit during its latest quarter, and -37,580 K in sales during its previous quarter.
