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.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit money your investment account: Pick your payment method and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  1. Click here to get started.
  2. Enter your personal info to start your new trading account.
  1. Submit your data by pressing the "Create Account" button.
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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.

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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

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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

MACD Signal
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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.

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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.

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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.


How to Buy Stock in Scilex Holding Co

To summarize, here are the 6 steps to buy Scilex Holding Co stock:

  1. Choose where to buy Scilex Holding Co stock
  2. Sign up for a brokerage account
  3. Deposit money your investment account
  4. Analyze Scilex Holding Co stock
  5. Make your SCLX trade
  6. Get the latest scoop on your SCLX investment

If you need a online brokerage, eToro is our recommended option.

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If you would like to get the latest scoop on your investment in Scilex Holding Co, create a watchlist today.

$7.66-0.14 (-1.79%)
Updated Mar 29, 2023
Open eToro Account
$7.66-0.14 (-1.79%)
Updated Mar 29, 2023
Open eToro Account


How much does it cost to buy one Scilex Holding Co share?

As of Mar 29, 2023, it costs $7.66 to buy one share of Scilex Holding Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.392 shares of SCLX.

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What is the best way to buy Scilex Holding Co stock?

One way to place an order for Scilex Holding Co stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.