At the time of writing, Scilex Holding Company [SCLX] stock is trading at $1.88, up 4.44%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SCLX shares have gain 5.03% over the last week, with a monthly amount glided 72.48%, 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.
For the past year, the stock price of Scilex Holding Company fluctuated between $0.73 and $6.55. Scilex Holding Company [NASDAQ: SCLX] shares were valued at $1.88 at the most recent close of the market.
Analyzing the SCLX fundamentals
According to Scilex Holding Company [NASDAQ:SCLX], the company’s sales were 47.05M for trailing twelve months, which represents an 2.85% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 1.7567 points at the first support level, and at 1.6333 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9667, and for the 2nd resistance point, it is at 2.0533.
Ratios To Look Out For
It is important to note that Scilex Holding Company [NASDAQ:SCLX] has a current ratio of 0.15. In addition, the Quick Ratio stands at 0.14 and the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 7.24.
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.
