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10 Best Penny Stocks to Buy Now - 10 of 10

 
 

Scilex (NASDAQ:SCLX)

Number of Upgrades from Top-Ranked Analysts
3 (in the last 90 days)
Consensus Rating
Buy
Rating Score
3.0
Ratings Breakdown
3 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$8.00 (851.9% Upside)

About Scilex

Scilex logoScilex Holding Company focuses on acquiring, developing, and commercializing non-opioid pain management products for the treatment of acute and chronic pain. Its commercial products include ZTlido (lidocaine topical system) 1.8% (ZTlido), a prescription lidocaine topical product for the relief of neuropathic pain associated with postherpetic neuralgia (PHN), which is a form of post-shingles nerve pain; ELYXYB, a ready-to-use oral solution for the acute treatment of migraine with or without aura in adults; and GLOPERBA, a liquid oral version of the anti-gout medicine colchicine indicated for the prophylaxis of painful gout flares in adults. Read More 
 

Recent Analyst Ratings

DateBrokerageActionRatingPrice TargetDetails
6/17/2024HC WainwrightReiterated RatingBuy ➝ Buy$7.00 ➝ $7.00
6/13/2024Rodman & RenshawInitiated CoverageBuy$13.00
6/11/2024HC WainwrightReiterated RatingBuy ➝ Buy$7.00 ➝ $7.00
5/23/2024HC WainwrightLower Price TargetBuy ➝ Buy$8.00 ➝ $7.00
5/3/2024HC WainwrightLower Price TargetBuy ➝ Buy$12.00 ➝ $8.00
12/4/2023HC WainwrightReiterated RatingBuy ➝ Buy$12.00
10/13/2023B. RileyInitiated CoverageBuy$4.00
10/9/2023HC WainwrightInitiated CoverageBuy$12.00

 

While no one can say for sure that these will be the ten best penny stocks next year, Wall Street's top analysts are giving them high price targets, "buy" ratings and are telling their clients to acquire shares.

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