SCWorx Corp. (WORX) Shares: Are They Risky Or Cheap?

SCWorx Corp. (NASDAQ:WORX) finished Wednesday with an addition of $0.21 to close at $2.24, an upside of 10.34 percent. An average of 504,420 shares of common stock have been traded in the last five days. There was a gain of $0.25 in the past week. The last 20 days have seen an average of 486,020 shares traded, while the 50-day average volume stands at 5,117,480.

WORX stock has decreased by 0.00% in the last month. The company shares reached their 1-month lowest point of $1.92 on 10/06/21. With the stock rallying to its 52-week high on 08/09/21, shares of the company touched a low of $1.00 and a high of $5.00 in 52 weeks. In spite of this, the price is down -55.20% from the 52-week high.


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Insider Transactions

56 days have passed since SCWorx Corp. (WORX) last reported insider trading activity. Wallitt Steven, who is Director, most recently acquired $100,000 shares at $3.15 per share on Aug 19. In this transaction, the insider spent $314,834. 10% Owner, Schessel Marc Sanford, disposed of 50,000 shares at a price of $4.20 on Aug 09. The insider now owns more than $210,000 worth of shares. Prior to that, 10% Owner Schessel Marc Sanford went on to Sale 50,000 shares at $2.25 each on Aug 03. An amount of $112,500 was transacted.

Valuation Metrics

SCWorx Corp. (WORX) has a trailing price-to-earnings (P/E) ratio of 23.70 for the broader industry and 32.30 for the sector. The stock’s beta is 3.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.07, the price-to-book (PB) ratio at 4.23.

The quick ratio of SCWorx Corp. for the recent quarter was 0.20, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.07 and a total debt to equity ratio of 0.07 for the recent quarter. SCWorx Corp.’s EBITDA margin is -111.46%, while its operating margin for the same period stands at -82.10%. Its gross profit as reported stood at $1.7 million compared to revenue of $5.21 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SCWorx Corp.’s return on assets was -43.80%. For the broader industry, ROE averaged 9.65 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at SCWorx Corp. (WORX) price momentum. RSI 9-day as of the close on 13 October was 55.41%, suggesting the stock is Neutral, with historical volatility in this time frame at 74.74%.

As of today, WORX’s price is $2.09 +12.56% or $0.25 from its 5-day moving average. However, the stock’s current price level is -3.03% below the SMA50 and +60.00% above the SMA200.

The stochastic %K and %D were 34.01% and 26.22%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 62.75% and the average true range at 0.19, the RSI (14) stands at 49.74%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.03.

Analyst Ratings

The consensus rating for SCWorx Corp. (WORX) among analysts is -. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WORX, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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