Scilex Holding Company (NASDAQ:SCLX) finished Friday with a subtraction of -$0.32 to close at $3.99, a downside of -7.42 percent. An average of 483,540 shares of common stock have been traded in the last five days. There was a fall of -$1.36 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 493,450 shares traded, while the 50-day average volume stands at 551,482.
SCLX stock has decreased by -32.72% in the last month. The company shares reached their 1-month lowest point of $3.96 on 08/11/23. With the stock rallying to its 52-week high on 04/05/23, shares of the company touched a low of $2.87 and a high of $16.90 in 52 weeks. In spite of this, the price is down -76.39% from the 52-week high.
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Valuation Metrics
Scilex Holding Company (SCLX) stock’s beta is 0.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 16.49, the price-to-book (PB) ratio at 49.88.
Financial Health
The quick ratio of Scilex Holding Company for the recent quarter was 0.40, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.86 for the recent quarter. Scilex Holding Company’s EBITDA margin is -121.42%. Its gross profit as reported stood at $27.24 million compared to revenue of $38.03 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$30.75 million in the quarter, while revenues of -$23.99 million were grew 97.37%. Shareholders own equity worth $146.49 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Scilex Holding Company (SCLX) price momentum. RSI 9-day as of the close on 11 August was 29.46%, suggesting the stock is oversold, with historical volatility in this time frame at 147.51%.
As of today, SCLX’s price is $4.28 -25.42% or -$1.36 from its 5-day moving average. SCLX is currently trading -32.37% lower than its 20-day SMA and -49.75% lower than its 100-day SMA. However, the stock’s current price level is -32.94% below the SMA50 and -61.63% below the SMA200.
The stochastic %K and %D were 4.09% and 5.25%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 1.16% and the average true range at 0.52, the RSI (14) stands at 33.14%. The stock has reached -0.76 on the 9-day MACD Oscillator while the 14-day reading was at -0.87.
