A share price of Scilex Holding Company [SCLX] is currently trading at $1.93, up 7.82%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SCLX shares have gain 10.29% over the last week, with a monthly amount glided 69.30%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Scilex Holding Company [NASDAQ: SCLX] stock has seen the most recent analyst activity on June 13, 2024, when Rodman & Renshaw initiated its Buy rating and assigned the stock a price target of $13. Previously, B. Riley Securities started tracking the stock with Buy rating on October 16, 2023, and set its price target to $4. On October 13, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $4 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $12 on October 09, 2023.
Scilex Holding Company experienced fluctuations in its stock price throughout the past year between $0.73 and $6.68. Scilex Holding Company [NASDAQ: SCLX] shares were valued at $1.93 at the most recent close of the market.
Analyzing the SCLX fundamentals
Trailing Twelve Months sales for Scilex Holding Company [NASDAQ:SCLX] were 47.05M which represents 2.85% growth. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at -2.26%, Pretax Profit Margin comes in at -2.29%, and Net Profit Margin reading is -2.29%. To continue investigating profitability, this company’s Return on Assets is posted at -1.18, Equity is 0.84 and Total Capital is 0.66. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.58.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.7667 points at the first support level, and at 1.6034 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.0216, and for the 2nd resistance point, it is at 2.1132.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Scilex Holding Company [NASDAQ:SCLX] is 0.15. As well, the Quick Ratio is 0.14, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 7.43.
Transactions by insiders
Recent insider trading involved SHAH JAISIM, that happened on May 17 ’24 when 56939.0 shares were purchased. Director, Chun Jay completed a deal on May 17 ’24 to buy 57500.0 shares. Meanwhile, Executive Chairperson Ji Henry bought 50000.0 shares on May 17 ’24.
