Scilex Holding Company (NASDAQ: SCLX) is -30.89% lower on its value in year-to-date trading and has touched a low of $0.21 and a high of $2.30 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 $0.31 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.29, the stock is -2.40% and -20.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing -4.72% at the moment leaves the stock -67.84% off its SMA200. SCLX registered -78.49% loss for a year compared to 6-month loss of -72.96%. The firm has a 50-day simple moving average (SMA 50) of $0.37098 and a 200-day simple moving average (SMA200) of $0.91646.
The stock witnessed a -16.63% gain in the last 1 month and extending the period to 3 months gives it a -41.93%, and is -5.48% 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 11.06% over the week and 12.89% over the month.
Scilex Holding Company (SCLX) has around 105 employees, a market worth around $71.71M and $55.15M in sales. Fwd P/E is 4.42. Profit margin for the company is -159.10%. Distance from 52-week low is 40.33% and -87.19% from its 52-week high.
The EPS is expected to grow by 121.38% this year
155.0 institutions hold shares in Scilex Holding Company (SCLX), with institutional investors hold 27.46% of the company’s shares. The shares outstanding are 243.31M, and float is at 180.22M with Short Float at 3.49%. Institutions hold 20.34% of the Float.
The top institutional shareholder in the company is ARMISTICE CAPITAL, LLC with over 11.95 million shares valued at $$23.06 million. The investor’s holdings represent 9.9428 of the SCLX Shares outstanding. As of 2024-06-30, the second largest holder is D. E. SHAW & CO., INC. with 0.63 million shares valued at $$1.21 million to account for 0.5217 of the shares outstanding. The other top investors are RAFFERTY ASSET MANAGEMENT, LLC which holds 0.62 million shares representing 0.516 and valued at over $$1.2 million, while JANUS HENDERSON GROUP PLC holds 0.4297 of the shares totaling 0.52 million with a market value of $$1.0 million.
Scilex Holding Company (SCLX) Insider Activity
The most recent transaction is an insider purchase by SHAH JAISIM. SEC filings show that SHAH JAISIM bought 30,000 shares of the company’s common stock on Dec 18 ’24 at a price of $0.46 per share for a total of $13800.0. Following the purchase, the insider now owns 0.14 million shares.
Scilex Holding Company disclosed in a document filed with the SEC on Oct 31 ’24 that Ji Henry (Executive Chairperson) bought a total of 8,888 shares of the company’s common stock. The trade occurred on Oct 31 ’24 and was made at $0.94 per share for $8351.0. Following the transaction, the insider now directly holds 0.32 million shares of the SCLX stock.
Still, SEC filings show that on Oct 29 ’24, SHAH JAISIM acquired 32,000 shares at an average price of $0.99 for $31670.0. The insider now directly holds 109,333 shares of Scilex Holding Company (SCLX).
