Scilex (NASDAQ:SCLX) Trading 0.6% Higher - What's Next?

robot
Abstract generation in progress

Scilex (NASDAQ:SCLX) saw its shares trade up 0.6% to $8.31, despite significant quarterly misses in both EPS and revenue, failing to meet analyst expectations. The stock is currently trading well below its 50- and 200-day moving averages, and analysts maintain a “Reduce” rating with an average target price of $630.00. Institutional ownership in Scilex has increased, with hedge funds like Renaissance Technologies and Armistice Capital significantly raising their stakes, bringing institutional ownership to 69.67%.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin