While Scilex Holding Company has underperformed by -0.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SCLX fell by -79.25%, with highs and lows ranging from $2.30 to $0.21, whereas the simple moving average fell by -69.17% in the last 200 days.
On January 27, 2025, D. Boral Capital started tracking Scilex Holding Company (NASDAQ: SCLX) recommending Buy. A report published by Alliance Global Partners on October 16, 2024, Initiated its previous ‘Buy’ rating for SCLX. Rodman & Renshaw also rated SCLX shares as ‘Buy’, setting a target price of $13 on the company’s shares in an initiating report dated June 13, 2024. B. Riley Securities Initiated an Buy rating on October 16, 2023, and assigned a price target of $4. B. Riley Securities initiated its ‘Buy’ rating for SCLX, as published in its report on October 13, 2023. H.C. Wainwright’s report from October 09, 2023 suggests a price prediction of $12 for SCLX shares, giving the stock a ‘Buy’ rating.
Analysis of Scilex Holding Company (SCLX)
Further, the quarter-over-quarter increase in sales is 42.69%, showing a positive trend in the upcoming months.
Scilex Holding Company’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 0.13, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and SCLX has an average volume of 1.43M. On a monthly basis, the volatility of the stock is set at 13.43%, whereas on a weekly basis, it is put at 11.06%, with a loss of -6.07% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.85, showing growth from the present price of $0.28, which can serve as yet another indication of whether SCLX is worth investing in or should be passed over.
How Do You Analyze Scilex Holding Company Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 25.93%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 20.29% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SCLX shares are owned by institutional investors to the tune of 20.29% at present.
