SCWorx (NASDAQ:WORX) Stock Price Up 6.3% – Time to Buy?

SCWorx Corp. (NASDAQ:WORXGet Free Report)’s stock price shot up 6.3% during mid-day trading on Wednesday . The stock traded as high as $0.2498 and last traded at $0.2498. 816,080 shares changed hands during trading, a decline of 98% from the average session volume of 40,828,408 shares. The stock had previously closed at $0.2351.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SCWorx in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SCWorx currently has an average rating of “Sell”.

Read Our Latest Analysis on SCWorx

SCWorx Trading Up 6.3%

The firm has a market cap of $3.95 million, a P/E ratio of -0.26 and a beta of 1.92. The stock has a 50 day simple moving average of $0.29 and a 200-day simple moving average of $0.36.

SCWorx (NASDAQ:WORXGet Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.15) EPS for the quarter. SCWorx had a negative return on equity of 70.82% and a negative net margin of 139.68%.The company had revenue of $0.71 million during the quarter.

Hedge Funds Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC purchased a new stake in shares of SCWorx Corp. (NASDAQ:WORXFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned 1.55% of SCWorx as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.88% of the company’s stock.

SCWorx Company Profile

(Get Free Report)

SCWorx Corp. develops and markets health care information technology solutions and related services to improve healthcare processes and information flow within hospitals and other healthcare facilities in the United States. The company provides data content and services related to repair, normalization, and interoperability of information for healthcare providers, as well as big data analytics for the healthcare industry.

Further Reading

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