Scilex Holding Company [SCLX] stock prices are up 7.67% to $0.87 at the moment. 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 6.36% over the last week, with a monthly amount drifted -16.35%, 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 October 16, 2024, when Alliance Global Partners initiated its Buy rating and assigned the stock a price target of $14. Previously, Rodman & Renshaw started tracking the stock with Buy rating on June 13, 2024, and set its price target to $13. On October 16, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $4 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $4 on October 13, 2023. H.C. Wainwright initiated its recommendation with a Buy and recommended $12 as its price target on October 09, 2023.
The stock price of Scilex Holding Company [SCLX] has been fluctuating between $0.73 and $2.63 over the past year. Scilex Holding Company [NASDAQ: SCLX] shares were valued at $0.87 at the most recent close of the market.
Analyzing the SCLX fundamentals
The Scilex Holding Company [NASDAQ:SCLX] reported sales of 50.83M for trailing twelve months, representing a surge of 30.11%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 0.7860 points at the first support level, and at 0.7020 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0120, and for the 2nd resistance point, it is at 1.1540.
Ratios To Look Out For
It’s worth pointing out that Scilex Holding Company [NASDAQ:SCLX]’s Current Ratio is 0.20. As well, the Quick Ratio is 0.19, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 3.28.
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.
