Scilex Holding Company (NASDAQ: SCLX) May Be Attracting Institutional Investments

After Hours

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.

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Stocks Info

Scilex Holding Company is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Drug Manufacturers – General industry. The current market capitalization of Scilex Holding Company is $142.24M. A total of 0.89 million shares were traded on the day, compared to an average of 1.03M shares.

In the most recent transaction, Ji Henry bought 50,000 shares of SCLX for 0.88 per share on May 17 ’24. After the transaction, the Executive Chairperson now owns 50,070 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, SHAH JAISIM acquired of 83,061 shares on May 16 ’24 at a per-share price of $0.84. This resulted in the insider holding 98,943 shares of SCLX after the transaction. In another insider transaction, SHAH JAISIM bought 56,939 shares at $0.92 per share on May 17 ’24. Company shares held by the insider now total 155,882.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SCLX has a high of $2.63 and a low of $0.73.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 -$1.77, while its Total Shareholder’s Equity was -$223.88M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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