Scilex Holding Company (NASDAQ: SCLX) is -66.67% lower on its value in year-to-date trading and has touched a low of $0.73 and a high of $2.63 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SCLX stock was last observed hovering at around $0.74 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $0.68, the stock is -25.97% and -26.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing -8.11% at the moment leaves the stock -47.07% off its SMA200. SCLX registered -44.72% loss for a year compared to 6-month gain of -21.84%. The firm has a 50-day simple moving average (SMA 50) of $0.93486 and a 200-day simple moving average (SMA200) of $1.289515.
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The stock witnessed a -21.84% gain in the last 1 month and extending the period to 3 months gives it a -44.72%, and is -30.33% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.41% over the week and 12.72% over the month.
Scilex Holding Company (SCLX) has around 105 employees, a market worth around $130.41M and $50.83M in sales. Profit margin for the company is -233.88%. Distance from 52-week low is -6.25% and -74.14% from its 52-week high.
The EPS is expected to grow by 46.09% this year
146.0 institutions hold shares in Scilex Holding Company (SCLX), with institutional investors hold 32.17% of the company’s shares. The shares outstanding are 191.79M, and float is at 128.69M with Short Float at 8.58%. Institutions hold 21.62% of the Float.
Scilex Holding Company (SCLX) Insider Activity
The most recent transaction is an insider purchase by Ji Henry, the company’s Executive Chairperson. SEC filings show that Ji Henry bought 8,888 shares of the company’s common stock on Oct 31 ’24 at a price of $0.94 per share for a total of $8351.0. Following the purchase, the insider now owns 0.32 million shares.
Scilex Holding Company disclosed in a document filed with the SEC on Oct 29 ’24 that SHAH JAISIM () bought a total of 32,000 shares of the company’s common stock. The trade occurred on Oct 29 ’24 and was made at $0.99 per share for $31670.0. Following the transaction, the insider now directly holds 0.11 million shares of the SCLX stock.
Still, SEC filings show that on Oct 18 ’24, Followwill Dorman (Director) acquired 1,000 shares at an average price of $0.99 for $990.0. The insider now directly holds 2,300 shares of Scilex Holding Company (SCLX).
