Scilex Holding Company [NASDAQ: SCLX] plunged by -$0.09 during the normal trading session on while it closed the day at $1.84.
Scilex Holding Company stock has also gained 22.68% of its value over the past 7 days. However, SCLX stock has inclined by 19.49% in the 3 months of the year. Over the past six months meanwhile, it has lost -9.79% and lost -9.79% year-on date.
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The market cap for SCLX stock reached $333.43 million, with 181.19 million shares outstanding and 118.21 million shares in the current float. Compared to the average trading volume of 1.15M shares, SCLX reached a trading volume of 7849709 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Scilex Holding Company [SCLX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SCLX shares is $7.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SCLX stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Rodman & Renshaw have made an estimate for Scilex Holding Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 13, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on October 16, 2023, representing the official price target for Scilex Holding Company stock. Previously, the target price had yet another raise to $4, while B. Riley Securities analysts kept a Buy rating on SCLX stock.
The Average True Range (ATR) for Scilex Holding Company is set at 0.22, with the Price to Sales ratio for SCLX stock in the period of the last 12 months amounting to 7.09.
SCLX stock trade performance evaluation
Scilex Holding Company [SCLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.68. With this latest performance, SCLX shares gained by 68.83% in over the last four-week period, additionally sinking by -9.79% over the last 6 months – not to mention a drop of -67.66% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SCLX stock in for the last two-week period is set at 59.14, with the RSI for the last a single of trading hit 56.11, and the three-weeks RSI is set at 57.93 for Scilex Holding Company [SCLX]. The present Moving Average for the last 50 days of trading for this stock 1.2142, while it was recorded at 1.8660 for the last single week of trading, and 1.4649 for the last 200 days.
Scilex Holding Company [SCLX]: An insightful look at the core fundamentals
Scilex Holding Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.14 and a Current Ratio set at 0.15.
Scilex Holding Company [SCLX]: Institutional Ownership
The top three institutional holders of SCLX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SCLX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SCLX stock with ownership which is approximately 5.1238%.
