The stock has a 36-month beta value of 0.94. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SCLX is 102.88M, and at present, short sellers hold a 7.14% of that float. On May 09, 2024, the average trading volume of SCLX was 1.02M shares.
SCLX) stock’s latest price update
Scilex Holding Company (NASDAQ: SCLX) has seen a decline in its stock price by -7.65 in relation to its previous close of 0.92. However, the company has experienced a -0.99% decline in its stock price over the last five trading sessions. PennyStocks reported 2023-10-09 that Penny stocks are shares of small companies priced under $5 per share. While the potential returns can be alluring, penny stocks carry high risk.
SCLX’s Market Performance
SCLX’s stock has fallen by -0.99% in the past week, with a monthly drop of -37.71% and a quarterly drop of -47.39%. The volatility ratio for the week is 8.43% while the volatility levels for the last 30 days are 10.96% for Scilex Holding Company The simple moving average for the past 20 days is -15.37% for SCLX’s stock, with a -56.66% simple moving average for the past 200 days.
Analysts’ Opinion of SCLX
Many brokerage firms have already submitted their reports for SCLX stocks, with B. Riley Securities repeating the rating for SCLX by listing it as a “Buy.” The predicted price for SCLX in the upcoming period, according to B. Riley Securities is $4 based on the research report published on October 16, 2023 of the previous year 2023.
B. Riley Securities, on the other hand, stated in their research note that they expect to see SCLX reach a price target of $4. The rating they have provided for SCLX stocks is “Buy” according to the report published on October 13th, 2023.
H.C. Wainwright gave a rating of “Buy” to SCLX, setting the target price at $12 in the report published on October 09th of the previous year.
SCLX Trading at -35.38% 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 -89.88% of loss for the given period.
Volatility was left at 10.96%, however, over the last 30 days, the volatility rate increased by 8.43%, as shares sank -36.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -63.33% lower at present.
During the last 5 trading sessions, SCLX fell by -0.99%, which changed the moving average for the period of 200-days by -84.95% in comparison to the 20-day moving average, which settled at $0.9763. In addition, Scilex Holding Company saw -58.48% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SCLX
Current profitability levels for the company are sitting at:
- -2.26 for the present operating margin
- 0.64 for the gross margin
The net margin for Scilex Holding Company stands at -2.45. The total capital return value is set at 0.71. Equity return is now at value -163.31, with -121.73 for asset returns.
Based on Scilex Holding Company (SCLX), the company’s capital structure generated -2.7 points at debt to capital in total, while cash flow to debt ratio is standing at -0.16. The debt to equity ratio resting at -0.73. The interest coverage ratio of the stock is -98.72.
Currently, EBITDA for the company is -101.28 million with net debt to EBITDA at -1.29. When we switch over and look at the enterprise to sales, we see a ratio of 5.68. The receivables turnover for the company is 1.35for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
Conclusion
To sum up, Scilex Holding Company (SCLX) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
