$1.39M in average volume shows that Scilex Holding Company (SCLX) is heading in the right direction

Scilex Holding Company (NASDAQ: SCLX) kicked off on Monday, up 23.47% from the previous trading day, before settling in for the closing price of $0.24. Over the past 52 weeks, SCLX has traded in a range of $0.21-$2.63.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Healthcare Sector giant saw their annual sales surged by 14.78% over the last five years. While this was happening, its average annual earnings per share was recorded 121.38%. With a float of $180.22 million, this company’s outstanding shares have now reached $243.31 million.

The firm has a total of 105 workers. Let’s measure their productivity. In terms of profitability, gross margin is 66.3%, operating margin of -145.5%, and the pretax margin is -159.09%.

Scilex Holding Company (SCLX) Insider Activity

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 25.93%, while institutional ownership is 20.38%. The most recent insider transaction that took place on Dec 18 ’24, was worth 13,800. In this transaction an insider of this company bought 30,000 shares at a rate of $0.46, taking the stock ownership to the 139,333 shares. Before that another transaction happened on Oct 31 ’24, when Company’s Executive Chairperson bought 8,888 for $0.94, making the entire transaction worth $8,351. This insider now owns 320,161 shares in total.

Scilex Holding Company (SCLX) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.28 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 121.38% 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 0.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.29. Likewise, its price to free cash flow for the trailing twelve months is 6.08.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.80, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.07 in one year’s time.

Technical Analysis of Scilex Holding Company (SCLX)

Analysing the last 5-days average volume posted by the [Scilex Holding Company, SCLX], we can find that recorded value of 2.47 million was better than the volume posted last year of 1.45 million. As of the previous 9 days, the stock’s Stochastic %D was 27.94%. Additionally, its Average True Range was 0.04.

During the past 100 days, Scilex Holding Company’s (SCLX) raw stochastic average was set at 8.75%, which indicates a significant decrease from 52.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 130.55% in the past 14 days, which was higher than the 99.09% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.4016, while its 200-day Moving Average is $0.9597. Now, the first resistance to watch is $0.3079. This is followed by the second major resistance level at $0.3243. The third major resistance level sits at $0.3573. If the price goes on to break the first support level at $0.2585, it is likely to go to the next support level at $0.2255. Should the price break the second support level, the third support level stands at $0.2091.

Scilex Holding Company (NASDAQ: SCLX) Key Stats

The company with the Market Capitalisation of 70.90 million has total of 243,313K 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 14,440 K and last quarter income was -4,390 K.