As of Friday close, Scilex Holding Company’s (NASDAQ:SCLX) stock was down -$0.46, moving down -11.47 percent to $3.55. The average number of shares traded per day over the past five days has been 580,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.44 fall in that time frame. In the last twenty days, the average volume was 546,520, while in the previous 50 days, it was 563,036.
Since last month, SCLX stock retreated -39.93%. Shares of the company fell to $3.12 on 08/18/23, the lowest level in the past month. A 52-week high of $16.90 was reached on 04/05/23 after having rallying from a 52-week low of $2.87. Since the beginning of this year, SCLX’s stock price has dropped by -11.03% or -$0.44, and marked a new high 8 times. However, the stock has declined by -78.99% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.52. Besides these, the trailing price-to-sales (P/S) ratio of 13.44, the price-to-book (PB) ratio of 44.37.
Financial Health
In the recent quarter, Scilex Holding Company’s quick ratio stood at 0.40, while its current ratio was 0.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 68.30% percent. Based on annual data, SCLX earned $27.24 million in gross profit and brought in $38.03 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SCLX’s revenue rose 100.0% to $10.58 million during the quarter, while net income inched up to $12.58 million. During the quarter, the company generated -$21.78 million in EBITDA. The liabilities of Scilex Holding Company were 116.05 million at the end of its most recent quarter, and its total debt was $37.73 million. The value of shareholders’ equity is $149.06 million.
Technical Picture
This quick technical analysis looks at Scilex Holding Company’s (SCLX) price momentum. With a historical volatility rate of 121.32%, the RSI 9-day stood at 32.61% on 18 August.
With respect to its five-day moving average, the current Scilex Holding Company price is down by -11.03% percent or -$0.44. At present, SCLX shares trade -36.72% below its 20-day simple moving average and -54.72% percent below its 100-day simple moving average. However, the stock is currently trading approximately -46.05% below its SMA50 and -65.93% below its SMA200.
Stochastic coefficient K was 19.65% and Stochastic coefficient D was 15.69%, while ATR was 0.57. Given the Stochastic reading of 12.54% for the 14-day period, the RSI (14) reading has been calculated as 34.27%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.65.
Analyst Ratings
Scilex Holding Company (SCLX) has been rated – by analysts. According to 0 brokerage firms, SCLX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Scilex Holding Company stock as buy, with 0 recommending it as overweight.
