SCWorx Corp (NASDAQ:WORX) traded at $2.84 at close of the session on Tuesday, March 19, made an upward move of 51.06% on its previous day’s price.
Looking at the stock we see that its previous close was $1.88 and the beta (5Y monthly) reads 2.46 . In terms of its 52-week price range, WORX has a high of $14.40 and a low of $1.14. The company’s stock has gained about 91.89% over that past 30 days.
SCWorx Corp has a market cap of $3.44 million and is expected to release its quarterly earnings report on Apr 17, 2024 – Apr 24, 2024.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the WORX stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 76.49% off its SMA20 and 89.43% from its 50-day simple moving average. The RSI (14) is pointing at 76.44 while the volatility over the past week is 27.56% and jumps to 21.40% over the past one month.
Coming back to SCWorx Corp (NASDAQ:WORX), we note that the average 3-month trading volume was 279.04K, while that of the preceding 10-day period stands at 1.05 million. Current shares outstanding are 1.21 million.
The insiders hold 13.87% of the company’s shares while institutions hold 1.88%. The data shows that short shares as of Feb 29, 2024, stood at 2300.0 at a short ratio of 0.11. This represents a 0.19% short interest in shares outstanding on Feb 29, 2024. Shares short fall in February from the previous month at 8240.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 54.35% up in year-to-date price movement.
