SCWorx (NASDAQ:WORX) Stock Price Down 19.9% – Time to Sell?

SCWorx Corp. (NASDAQ:WORXGet Free Report) dropped 19.9% on Tuesday . The stock traded as low as $0.2816 and last traded at $0.2963. Approximately 4,828 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 606,509 shares. The stock had previously closed at $0.37.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Get Our Latest Stock Analysis on SCWorx

SCWorx Price Performance

The business has a fifty day moving average of $1.13 and a 200-day moving average of $2.62. The stock has a market capitalization of $316,152.10, a price-to-earnings ratio of -0.02 and a beta of 1.63.

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

Hedge Funds Weigh In On SCWorx

An institutional investor recently bought a new position in SCWorx stock. Citadel Advisors LLC purchased a new stake in SCWorx Corp. (NASDAQ:WORXFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 SEC filing. 1.88% of the stock is currently owned by hedge funds and other institutional investors.

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. 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.

Further Reading

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