SCWorx Corp (NASDAQ:WORX) saw a downside of -6.76% to close Friday at $0.21 after subtracting -$0.01 on the day. The 5-day average trading volume is 25,028,801 shares of the company’s common stock. It has gained $0.4200 in the past week and touched a new high 1 time within the past 5 days. An average of 6,671,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,669,796.
WORX’s 1-month performance is -9.21% or -$0.0232 on its low of $0.1800 reached on 09/11/23. The company’s shares have touched a 52-week low of $0.18 and high of $0.96, with the stock’s rally to the 52-week high happening on 06/16/23. YTD, WORX has lost -47.73% or -$0.1890 and has reached a new high 4 times. However, the current price is down -78.44% from the 52-week high price.
Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.86 while the price-to-book (PB) in the most recent quarter is 0.51.
SCWorx Corp’s quick ratio for the recent period was 0.29, with the current ratio over the same period at 0.29. In terms of profitability, the gross margin trailing 12 months is 34.83%. The trailing 12-month EBITDA margin is -52.66%. The firm’s gross profit as reported stood at $1.41 million against revenue of $4.04 million.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 1313.33% to -$0.15 million, while revenue of -$0.4 million was -166.67% off the previous quarter. EBITDA for the quarter stood at more than -$0.15 million. WORX stock balance sheet for the recent quarter shows that total liabilities totaled 2.46 million, with total debt at $0.24 million. Shareholders hold equity totaling $16.7 million.
Let’s look briefly at SCWorx Corp (WORX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 47.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 194.76%.
The stock’s 5-day moving average is $0.2296, reflecting a +9.47% or $0.0179 change from its current price. WORX is currently trading -9.61% above its 20-day SMA, -23.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -32.60% and SMA200 by-68.88%.
Stochastic %K and %D was 16.86% and 20.36% and the average true range (ATR) pointed at 0.0412. The RSI (14) points at 46.74%, while the 14-day stochastic is at 11.25% with the period’s ATR at 0.0393. The stock’s 9-day MACD Oscillator is pointing at 0.0094 and 0.0181 on the 14-day charts.
