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SCWorx Corp. (WORX) Shows Downtrend But Still 124.00% Up From Recent Low

SCWorx Corp. (WORX) saw an uptrend of 10.34% in the recent trading with $2.24 being its most recent. The current price level -55.20% lower than the highest price of $5.00 marked by the stock while trading over the past 52-weeks, whereas it is 124.00% higher than the lowest price of $1.00 the company dropped to over past 52-weeks. The latest news story on WORX appeared in Insider Monkey under the title “15 Best Short Squeeze Stocks To Buy Now” on Sep-25-21.

Squeezing the time span to 30 day period shows us the stock is currently trading -10.40% below one month high and is +16.67% above of the lowest during that time. Looking into the simple moving average, SCWorx Corp. (WORX)’s stock stands at a SMA-50 of $2.55 while that of 5-day is reading $2.09.

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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 $2.05.

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 $1.1 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 10.14 million. WORX does have institutional investors; and they hold 2.00% of the stock.

SCWorx Corp. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 4 new insider purchases involving 209,334 shares. On the other hand, WORX declared 380,000 shares have been sold in 20 insider transactions over the past three months.

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 0.07. The count was 5.13 for long-term debt to equity ratio.

SCWorx Corp.’s return on equity, or ROE, is -82.80%, compared to the industry average of 9.65% 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.

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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 486,020 shares. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 5,117,480 shares. And to end, WORX’s 100-day average volume is 5,347,020 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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