Stocks of Scilex Holding Company (NASDAQ:SCLX) traded higher last session on Wall Street, up 2.47% to $0.97.
SCLX stock price is now -6.14% away from the 50-day moving average and -28.98% away from the 200-day moving average. The market capitalization of the company currently stands at $186.04M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $14, Alliance Global Partners recently initiated with Buy rating for Scilex Holding Company (NASDAQ: SCLX). On June 13, 2024, Rodman & Renshaw recently initiated its ‘Buy’ rating on the stock quoting a target price of $13, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Followwill Dorman, Director bought 1,000 shares of the company’s stock on Oct 18 ’24. The stock was bought for $990 at an average price of $0.99. Upon completion of the transaction, the Director now directly owns 2,300 shares in the company, valued at $2231.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18 ’24, Director Chun Jay bought 5,000 shares of the business’s stock. A total of $4,750 was incurred on buying the stock at an average price of $0.95. This leaves the insider owning 112,500 shares of the company worth $0.11 million. A total of 39.36% of the company’s stock is owned by insiders.
During the past 12 months, Scilex Holding Company has had a low of $0.73 and a high of $2.63. The fifty day moving average price for SCLX is $1.03348 and a two-hundred day moving average price translates $1.36582 for the stock.
The latest earnings results from Scilex Holding Company (NASDAQ: SCLX) was released for 2024-06-30. The company reported revenue of $16.37 million for the quarter, compared to $12.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.11 percent. For the current quarter, analysts expect SCLX to generate $16.81M in revenue.
