Saturday, October 24, 2020

Market cap of SCWorx Corp. [WORX] reaches 13.91M – now what?

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SCWorx Corp. [NASDAQ: WORX] gained 2.82% or 0.04 points to close at $1.46 with a heavy trading volume of 2391898 shares.

It opened the trading session at $1.43, the shares rose to $1.47 and dropped to $1.36, the range by which the price of stock traded the whole day. The daily chart for WORX points out that the company has recorded -45.93% loss over the past six months. However, it is still -7.35% lower than its most recent low trading price.

If we look at the average trading volume of 5.58M shares, WORX reached to a volume of 2391898 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about SCWorx Corp. [WORX]:

The Average True Range (ATR) for SCWorx Corp. is set at 0.23, with the Price to Sales ratio for WORX stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 2.15, with the Price to Cash per share for the same quarter was set at 0.03.

Trading performance analysis for WORX stock

SCWorx Corp. [WORX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, WORX shares dropped by -5.19% in over the last four-week period, additionally sinking by -45.93% over the last 6 months – not to mention a drop of -76.26% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WORX stock in for the last two-week period is set at 47.07, with the RSI for the last a single of trading hit 36.36, and the three-weeks RSI is set at 32.64 for SCWorx Corp. [WORX].

SCWorx Corp. [WORX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and SCWorx Corp. [WORX] shares currently have an operating margin of -214.44 and a Gross Margin at +20.39. SCWorx Corp.’s Net Margin is presently recorded at -203.90.

Return on Total Capital for WORX is now -436.91, given the latest momentum, and Return on Invested Capital for the company is -563.10. Return on Equity for this stock declined to -563.10, with Return on Assets sitting at -144.51.

Reflecting on the efficiency of the workforce at the company, SCWorx Corp. [WORX] managed to generate an average of -$2,828,125 per employee. Receivables Turnover for the company is 13.35 with a Total Asset Turnover recorded at a value of 0.71.SCWorx Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

An analysis of insider ownership at SCWorx Corp. [WORX]

There are presently around $0 million, or 2.00% of WORX stock, in the hands of institutional investors. The top three institutional holders of WORX stocks are: VANGUARD GROUP INC with ownership of 80,202, which is approximately 314.695% of the company’s market cap and around 17.50% of the total institutional ownership; GEODE CAPITAL MANAGEMENT, LLC, holding 41,858 shares of the stock with an approximate value of $61000.0 in WORX stocks shares; and BLACKROCK INC., currently with $31000.0 in WORX stock with ownership of nearly 2.673% of the company’s market capitalization.

7 institutional holders increased their position in SCWorx Corp. [NASDAQ:WORX] by around 152,838 shares. Additionally, 3 investors decreased positions by around 22,306 shares, while 1 investors held positions by with 17,918 shares. The mentioned changes placed institutional holdings at 193,062 shares, according to the latest SEC report filing. WORX stock had 5 new institutional investments in for a total of 91,419 shares, while 3 institutional investors sold positions of 22,306 shares during the same period.

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