The stock of SCWorx Corp. (NASDAQ:WORX) decreased by -$0.04 on Tuesday to finish at $0.22, down -13.96 percent. The last five days have seen an average of 24,954,662 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$0.1710. The average number of shares traded over the last 20 days was 6,643,775, while the average volume over the last 50 days totaled 3,654,256.
WORX stock dropped -10.36% since last month. On 09/11/23, the company’s shares reached a one-month low of $0.1800. The stock touched a high of $0.96 on 06/16/23, after rallying from a low of $0.18 in 52 weeks. The price of WORX stock has declined by -43.18% or -$0.1710 this year, reaching a new high 4 times. Still, the stock price is down -76.56% from the 52-week high.
Financial Health
For the recent quarter, SCWorx Corp.’s current ratio was 0.30. The company’s long-term debt to equity ratio for the recent quarter is 0.02, and the total debt to equity ratio is 0.02. As far as profitability goes, gross margin for the trailing twelve months is 34.80% percent. SCWorx Corp.’s EBITDA margin for the recent year was -52.66%, whereas its operating margin stood at -30.20% for the same period. Based on annual data, it had gross profit of $1.41 million and revenue of $4.04 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WORX’s return on assets (ROA) during the last 12 months has been -13.10%. There was a -26.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -18.20%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $0.99 million, while revenues fell by -3232.32% to $1.0 million. EBITDA was -$0.15 million for the quarter. At the end of SCWorx Corp.’s most recent quarter, its liabilities totaled 2.46 million, while its total debt was $0.24 million. Equity owned by shareholders amounts to $16.7 million.
Technical Picture
Here’s a quick look at SCWorx Corp.’s (WORX) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 55.33%, suggesting the stock is Neutral, with a 188.08% historical volatility rate.
The stochastic %K and %D were 21.06% and 16.41% respectively, while the average true range (ATR) was 0.0472. Based on the 14-day stochastic reading of 18.75%, the RSI (14) reading is 51.24%. On the 9-day MACD Oscillator, the stock is at 0.0257, and the 14-day reading is at 0.0270.
Analyst Ratings
Analysts have assigned SCWorx Corp. (WORX) an – rating. WORX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
