The stock of SCWorx Corp (NASDAQ: WORX) has increased by 35.96 when compared to last closing price of 2.03.Despite this, the company has seen a gain of 17.45% in its stock price over the last five trading days. InvestorPlace reported 2022-07-06 that SCWorx (WORX) stock is rocketing higher on Wednesday after boosting investor confidence with a stock purchase agreement! The post Why Is SCWorx (WORX) Stock Up 37% Today?
Is It Worth Investing in SCWorx Corp (NASDAQ: WORX) Right Now?
The public float for WORX is 1.10M, and currently, shorts hold a 1.68% of that float. The average trading volume for WORX on April 26, 2024 was 2.23M shares.
WORX’s Market Performance
WORX’s stock has seen a 17.45% increase for the week, with a -7.69% drop in the past month and a 95.74% gain in the past quarter. The volatility ratio for the week is 16.00%, and the volatility levels for the past 30 days are at 14.24% for SCWorx Corp The simple moving average for the past 20 days is 5.77% for WORX’s stock, with a 12.43% simple moving average for the past 200 days.
WORX Trading at 25.94% from the 50-Day Moving Average
After a stumble in the market that brought WORX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.83% of loss for the given period.
Volatility was left at 14.24%, however, over the last 30 days, the volatility rate increased by 16.00%, as shares sank -5.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +126.23% upper at present.
During the last 5 trading sessions, WORX rose by +17.45%, which changed the moving average for the period of 200-days by -40.65% in comparison to the 20-day moving average, which settled at $2.60. In addition, SCWorx Corp saw 50.00% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for WORX
Current profitability levels for the company are sitting at:
- -0.42 for the present operating margin
- 0.34 for the gross margin
The net margin for SCWorx Corp stands at -0.5. The total capital return value is set at -0.27. Equity return is now at value -25.77, with -18.45 for asset returns.
Based on SCWorx Corp (WORX), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -2.31. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -5.84.
Currently, EBITDA for the company is -2.41 million with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 0.86. The receivables turnover for the company is 12.16for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.18.
Conclusion
In conclusion, SCWorx Corp (WORX) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
