It’s Not A Fantasy To Think That Scilex Holding Company (SCLX) Has Big Future Potential

Scilex Holding Company (NASDAQ:SCLX) currently has a daily average trading volume of 905.01K but it saw 670045 shares traded in last market. With a market cap of 195.69M USD, the company’s current market price of $1.08 came falling about -0.92 while comparing to the previous closing price of $1.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.30 and as low as $0.73.

Taking a look at 20-day trading activity of Scilex Holding Company (SCLX) gives us an average price of $0.9988, while its current price level is -86.99% below from 52-week high level whereas it is 47.62% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1035 while that of 200 days or SMA-200 reads an average of $1.5810. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.13% during that period while stretching the period over a month that increases to 11.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.61 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the B. Riley Securities which initiated the stock as “Buy” in its note to investors issued on October 16, 2023, recommending a price target of $4 for it. H.C. Wainwright also issued its recommendations for the stock as it initiated the price target for the stock is $12.

Over the week, SCLX’s stock price is moving -5.26% down while it is 24.78% when we observe its performance for the past one month. Year-to-date it is -47.06% down and over the past year, the stock is showing a downside performance of -86.28%.

Currently, Scilex Holding Company’s total number of outstanding shares is 181.19M. Company’s return on equity (ROE) at -163.31%. Stock’s beta reads 1.02. Stock has a price to sale or P/S ratio amounts to 4.16. Its return on asset (ROA) is -121.78% on average.