A share price of Scilex Holding Company [SCLX] is currently trading at $1.15, up 8.49%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SCLX shares have gain 10.58% over the last week, with a monthly amount drifted -8.00%, and not 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 $2.63. Scilex Holding Company [NASDAQ: SCLX] shares were valued at $1.15 at the most recent close of the market.
Analyzing the SCLX fundamentals
Trailing Twelve Months sales for Scilex Holding Company [NASDAQ:SCLX] were 50.83M which represents 30.11% growth. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at -1.95%, Pretax Profit Margin comes in at -2.34%, and Net Profit Margin reading is -2.34%. To continue investigating profitability, this company’s Return on Assets is posted at -1.14, Equity is 0.64 and Total Capital is 0.66. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.49.
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 1.0667 points at the first support level, and at 0.9833 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2067, and for the 2nd resistance point, it is at 1.2633.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Scilex Holding Company [NASDAQ:SCLX] is 0.20. Further, the Quick Ratio stands at 0.19, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 3.62.
Transactions by insiders
Recent insider trading involved Ji Henry, Executive Chairperson, that happened on May 17 ’24 when 50000.0 shares were purchased. Director, Chun Jay completed a deal on May 17 ’24 to buy 57500.0 shares. Meanwhile, SHAH JAISIM bought 83061.0 shares on May 16 ’24.
