Stocks of Scilex Holding Company (NASDAQ:SCLX) traded higher last session on Wall Street, up 1.90% to $1.07.
SCLX stock price is now 11.14% away from the 50-day moving average and -18.29% away from the 200-day moving average. The market capitalization of the company currently stands at $205.22M.
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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, Ji Henry, Executive Chairperson bought 8,888 shares of the company’s stock on Oct 31 ’24. The stock was bought for $8,351 at an average price of $0.94. Upon completion of the transaction, the Executive Chairperson now directly owns 320,161 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 29 ’24, SHAH JAISIM bought 32,000 shares of the business’s stock. A total of $31,670 was incurred on buying the stock at an average price of $0.99. This leaves the insider owning 109,333 shares of the company worth $0.12 million. A total of 39.44% 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 $0.96374 and a two-hundred day moving average price translates $1.312335 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.
