SCWorx (NASDAQ:WORX) Shares Down 1.7% – What’s Next?

SCWorx Corp. (NASDAQ:WORX)’s stock price traded down 1.7% on Tuesday . The company traded as low as $0.2895 and last traded at $0.2950. 850 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 531,833 shares. The stock had previously closed at $0.30.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded SCWorx to a “hold” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

SCWorx Stock Performance

The stock has a 50-day moving average of $0.65 and a two-hundred day moving average of $2.20. The company has a market cap of $314,765.00, a P/E ratio of -0.02 and a beta of 1.61.

SCWorx (NASDAQ:WORX) last released its earnings results on Friday, May 15th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $0.74 million during the quarter. SCWorx had a negative return on equity of 72.19% and a negative net margin of 154.41%.

Institutional Trading of SCWorx

An institutional investor recently bought a new position in SCWorx stock. Citadel Advisors LLC acquired a new stake in shares of SCWorx Corp. (NASDAQ:WORX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 Securities and Exchange Commission (SEC). 1.88% of the stock is currently owned by institutional investors.

SCWorx Company Profile

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. It also offers virtualized item master file repair, expansion, and automation; electronic medical record management; charge description master management; contract management; request for proposal automation; rebate management; integration of acquired management; big data analytics modeling; data integration and warehousing; and ScanWorx.