Is Scilex Holding Company (NASDAQ: SCLX) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Drug Manufacturers – General industry segment, falling under the Healthcare sector. The current market capitalization of Scilex Holding Company is $197.50M. A total of 1.01 million shares were traded on the day, compared to an average of 887.78K shares.

In the most recent transaction, SHAH JAISIM bought 56,939 shares of SCLX for 0.92 per share on May 17 ’24. After the transaction, the insider now owns 155,882 company shares. In a previous transaction on May 17 ’24, Chun Jay bought 57,500 shares at 0.90 per share. SCLX shares that Director owns now total 102,500.

Among the insiders who bought shares, Ji Henry acquired of 50,000 shares on May 17 ’24 at a per-share price of $0.88. This resulted in the Executive Chairperson holding 50,070 shares of SCLX after the transaction. In another insider transaction, Ma Stephen Hoi bought 14,140 shares at $0.88 per share on May 17 ’24. Company shares held by the Chief Financial Officer now total 14,140.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, SCLX has a high of $8.30 and a low of $0.73.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SCLX’s latest balance sheet shows that the firm has $4.34M in Cash & Short Term Investments as of fiscal 2021. There were $154.75M in debt and $169.42M in liabilities at the time. Its Book Value Per Share was -$1.79, while its Total Shareholder’s Equity was -$223.88M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SCLX is Buy with a score of 5.00.

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