How have the shares performed?
SCWorx Corp. (WORX) saw downtrend of -5.47% in the recent trading with $1.90 being its most recent. The current price level -52.74% lower than the highest price of $4.02 marked by the stock while trading over the past 52-weeks, whereas it is 90.00% higher than the lowest price of $1.00 the company dropped to over past 52-weeks. The latest news story on WORX appeared in GlobeNewswire under the title “SCWorx Announces Compliance with Nasdaq Listing Standards and Appointment of Tim Hannibal as CEO” on Jun-01-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -23.69% below one month high and is +42.75% above of the lowest during that time. Looking into the simple moving average, SCWorx Corp. (WORX)’s stock stands at a SMA-50 of $1.6502 while that of 5-day is reading $1.9800.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and WORX’s SMA-200 as of now is $1.6788.
SCWorx Corp. Earnings – What Happened With WORX
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $1.15 billion.
WORX – SCWorx Corp. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 10.00 million. WORX does have institutional investors; and they hold 3.30% of the stock.
SCWorx Corp. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, WORX declared 20,000 shares have been sold in 4 insider transactions over the past three months.
As on Mar 30, 2021, Vanguard Group, Inc. (The) was the top most holder in SCWorx Corp. (NASDAQ:WORX) with an ownership of 0.11 million shares of the company or 1.14% of the stake worth $0.23 million. The filing also reveals Citadel Advisors LLC as the second largest holder in the company with a control over 0.75% of the outstanding shares. Its stake is worth $0.15 million for having 75392.0 shares in hand.
Geode Capital Management, LLC also came holding a key position in the company during the recent quarter and it now holds 0.52% of the outstanding shares. With this there are now 12 institutions which have possession in WORX’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by SCWorx Corp. was 0.47 while posting a debt to equity ratio of 0.00. The count was 5.13 for long-term debt to equity ratio.
SCWorx Corp.’s return on equity, or ROE, is -124.10%, compared to the industry average of 4.43% for Healthcare – Health Information Services. Although this indicates that WORX fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of SCWorx Corp. (NASDAQ:WORX) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for SCWorx Corp. (WORX), we notice that the stock’s 20-day average volume is at 618,735 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 372,488 shares. And to end, WORX’s 100-day average volume is 830,716 shares with 100% of the long-term indicators pointing towards Buy for the stock.