In the past week, WORX stock has gone down by -23.87%, with a monthly decline of -33.69% and a quarterly plunge of -13.52%. The volatility ratio for the week is 13.92%, and the volatility levels for the last 30 days are 9.00% for SCWorx Corp The simple moving average for the past 20 days is -22.49% for WORX’s stock, with a -45.79% simple moving average for the past 200 days.
Is It Worth Investing in SCWorx Corp (NASDAQ: WORX) Right Now?
The public float for WORX is 1.55M and currently, short sellers hold a 0.62% ratio of that float. The average trading volume of WORX on November 18, 2024 was 55.09K shares.
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WORX) stock’s latest price update
The stock price of SCWorx Corp (NASDAQ: WORX) has dropped by -16.34 compared to previous close of 1.07. Despite this, the company has seen a fall of -23.87% in its stock price over the last five trading days. globenewswire.com reported 2024-08-23 that NEW YORK, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) — On August 19, 2024, the Nasdaq Stock Market notified SCWorx Corp. (the “Company”) that it has failed to satisfy a standard for continued listing, namely Nasdaq Listing Rule 5250(c)(1) (the “Rule), because the Company did not file its June 30, 2024 Quarterly Report on Form 10-Q by the due date of August 14, 2024 and because it remains delinquent in filing its Form 10-K for the period ended December 31, 2023 and its Form 10Q for the quarter ended March 31, 2024.
WORX Trading at -23.93% 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 -79.84% of loss for the given period.
Volatility was left at 9.00%, however, over the last 30 days, the volatility rate increased by 13.92%, as shares sank -35.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.12% lower at present.
During the last 5 trading sessions, WORX fell by -23.87%, which changed the moving average for the period of 200-days by -33.19% in comparison to the 20-day moving average, which settled at $1.1547. In addition, SCWorx Corp saw -51.35% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WORX
Current profitability levels for the company are sitting at:
- -0.29 for the present operating margin
- 0.29 for the gross margin
The net margin for SCWorx Corp stands at -1.09. The total capital return value is set at -0.21. Equity return is now at value -65.95, with -45.77 for asset returns.
Currently, EBITDA for the company is -3.97 million with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.42. The receivables turnover for the company is 5.9for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
In conclusion, SCWorx Corp (WORX) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
