0.84$
AVG52.81
98.41%
B
Friday, May 9, 2025
SFTS
5 share AVG 1.23 today 5/9/2025 buy 6 share total 11 0..078percent down
Today 2.80 down 0.04 cent
Open 1.26
High 1.32
Low 1.22
Vol 129.55 k a G vol 2.48.90k
SCLX down fill later
2.08 share
AVG 4.32 market 4.01
86 Percentage down the whole year
One month 52% down
One week 32 percent down
Scilex Holding Company (NASDAQ: SCLX) has experienced a significant decline in its stock price, dropping over 80% in the past year and recently hitting a 52-week low of $5.17. Several factors have contributed to this downturn:Investing.com
1. Reverse Stock Split and Nasdaq Compliance
To regain compliance with Nasdaq's $1.00 minimum bid price requirement, Scilex implemented a 1-for-35 reverse stock split on April 15, 2025. This action reduced the number of outstanding shares from approximately 243 million to about 6.9 million. While the split helped the company meet listing standards, such moves can sometimes signal underlying challenges and may lead to increased volatility.MarketBeat+8Nasdaq+8Investing.com+8Investing.com+2Reddit+2Nasdaq+2
2. Analyst Downgrades
Following the reverse split, D. Boral Capital downgraded Scilex's stock from a "Buy" to a "Hold" rating, reflecting caution regarding the company's near-term prospects. Investing.com+3MarketBeat+3MarketBeat+3
3. Market Challenges and Investor Sentiment
Despite a 21% revenue growth over the past year, Scilex's stock has faced pressure due to broader market challenges and investor concerns about the company's long-term profitability. The stock's Relative Strength Index (RSI) indicates it is in oversold territory, suggesting potential value for contrarian investors. Investing.com
4. Upcoming Earnings Report
Scilex is scheduled to release its earnings report on Monday, May 12, 2025. Analysts anticipate an earnings per share (EPS) of -$2.97. The upcoming report could provide further insights into the company's financial health and future direction. StockInvest
In summary, Scilex's recent stock performance reflects a combination of strategic corporate actions, analyst sentiment, and broader market dynamics. Investors are advised to monitor the upcoming earnings release and any further developments closely.
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