How to Buy Scilex Holding Co Stock
Scilex Holding Co
Scilex Holding Company, a biopharmaceutical company, focuses on developing and commercializing non-opioid management products for the treatment of acute and chronic pain. Its commercial product is ZTlido 1.
Scilex Holding Co stock last closed at $7.66, down 1.79% from the previous day, and has decreased 24.53% in one year. It has overperformed other stocks in the Biotechnology industry by 0.02 percentage points. Scilex Holding Co stock is currently +166.9% from its 52-week low of $2.87, and -34.47% from its 52-week high of $11.69.
At the moment, there are 145.8M shares of SCLX outstanding. The market value of SCLX is $1.12B. In the last 24 hours, 116,461 SCLX shares were traded.
How to Buy Scilex Holding Co Stock
Not sure how to invest in Scilex Holding Co stock? Here's how.
- Choose where to buy Scilex Holding Co stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Scilex Holding Co stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Pick your payment method and add your info.
- Analyze Scilex Holding Co stock: The Scilex Holding Co ticker symbol is SCLX. Is Scilex Holding Co stock a good investment? Should you buy shares of SCLX? How do SCLX's underlying business fundamentals look? Do top analysts think Scilex Holding Co is a good buy? Why has SCLX's stock price moved recently? (Hint: Our stock market research tools can help you understand if SCLX is a good stock to buy).
- Make your SCLX trade: Decide if you will purchase SCLX shares at the current market price or use a limit order to buy SCLX shares at a particular price.
- Get the latest scoop on your SCLX investment: Create a watchlist to the latest updates on your new investment in Scilex Holding Co stock.
Step 1: Choose where to buy Scilex Holding Co stock
You will need an online brokerage account to access the NASDAQ market and buy SCLX stock.
Our preferred brokerage: eToro
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- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, you need to fill out some personal information so you can buy SCLX stock today.
How to Create a New Account on eToro
- Click here to get started.
- Enter your personal info to start your new trading account.
- Submit your data by pressing the "Create Account" button.
Step 3: Deposit money your investment account
Now that you have finished signing up on apps for stocks, you need to deposit funds:
Watch the walkthrough below for more details depositing money into your new brokerage account.
Step 4: Analyze Scilex Holding Co stock
After you have identified the best place to buy Scilex Holding Co stock, it's absolutely critical to evaluate their stock prior to investing, so you actually understand the risk as well as the opportunity.
Scilex Holding Co stock data
SCLX Due Diligence Checks
WallStreetZen was built to help everyday investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SCLX's stock page.
What is the fair value of SCLX stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SCLX's true value.
Using relative valuations ratios:
- SCLX may be overvalued based on its P/B ratio of 30.82x, relative to Biotechnology industry P/B ratio of 4.92x
You can access additional valuation analysis on SCLX's stock here.
SCLX Financial Summary
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the SCLX balance sheet.
Failed Financial Due Diligence Checks:
- SCLX has a relatively high debt to equity ratio of 1.39.
- SCLX has $2.18M in cash and short term investments. This is not enough to cover its annual cash burn of $21.27M.
- SCLX profit margin has gone up by 2.21 percentage points in the past year, but the company is still unprofitable.
- SCLX has cash burn of 21265000. It does not have sufficient cash and short-term investments to cover this.
- There are more short-term liabilities than short-term assets on the SCLX balance sheet.
Metrics for Advanced SCLX Traders
How are SCLX Revenues/Earnings doing?
Last year, SCLX revenue was $38.03M. During the last three year, SCLX's revenue has grown by 93.15% per year. This was faster than the Biotechnology industry average of 41.18%.
Find out more about SCLX's earnings and revenue performance here.
Who is buying/selling SCLX?
Over the last year, insiders at SCLX have bought more shares than they have sold.
Henry Ji, Executive Chairperson of SCLX, was the latest SCLX insider to buy. They bought $23,478.00 worth of SCLX stock on Mar 17, 2023.
Learn more about who owns SCLX shares here.
Can I get consistent income from SCLX stock?
No, Scilex Holding Co doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Make your SCLX trade
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, place a limit order.
Hit the Open Trade button and your broker will place your order.
If you want additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your SCLX investment
Now that you own some shares in SCLX, you'll want to stay up-to-date on your investment.
Make a watchlist to keep tabs on your SCLX stock.
SCLX Feed
How to Buy Stock in Scilex Holding Co
To summarize, here are the 6 steps to buy Scilex Holding Co stock:
- Choose where to buy Scilex Holding Co stock
- Sign up for a brokerage account
- Deposit money your investment account
- Analyze Scilex Holding Co stock
- Make your SCLX trade
- Get the latest scoop on your SCLX investment
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Scilex Holding Co, create a watchlist today.
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