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Scilex Holding Company (SCLX): Skating on Thin Ice? We Know the Answer

Scilex Holding Company (NASDAQ:SCLX) went down by -31.30% from its latest closing price compared to the recent 1-year high of $11.69. The company’s stock price has collected -19.06% of loss in the last five trading sessions.

Is It Worth Investing in Scilex Holding Company (NASDAQ :SCLX) Right Now?

Scilex Holding Company (NASDAQ:SCLX) scored a price-to-earnings ratio above its average ratio, recording 51.50 x from its present earnings ratio.

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A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.


SCLX currently public float of 5.30M and currently shorts hold a 0.94% ratio of that float. Today, the average trading volume of SCLX was 135.77K shares.

SCLX’s Market Performance

SCLX stocks went down by -19.06% for the week, with a monthly jump of 107.83% and a quarterly performance of -37.12%, while its annual performance rate touched -35.05%. The volatility ratio for the week stands at 33.53% while the volatility levels for the past 30 days are set at 24.72% for Scilex Holding Company. The simple moving average for the period of the last 20 days is 4.38% for SCLX stocks with a simple moving average of -28.16% for the last 200 days.

SCLX Trading at 14.95% from the 50-Day Moving Average

After a stumble in the market that brought SCLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.05% of loss for the given period.

Volatility was left at 24.72%, however, over the last 30 days, the volatility rate increased by 33.53%, as shares surge +101.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.60% lower at present.

During the last 5 trading sessions, SCLX fell by -19.06%, which changed the moving average for the period of 200-days by -35.50% in comparison to the 20-day moving average, which settled at $6.43. In addition, Scilex Holding Company saw 63.91% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for SCLX

Equity return is now at value 1.60, with 1.30 for asset returns.

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