SCWorx (NASDAQ:WORX) Trading 0.5% Higher – Still a Buy?

SCWorx Corp. (NASDAQ:WORX) shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as $0.37 and last traded at $0.3350. Approximately 5,299 shares changed hands during trading, a decline of 99% from the average daily volume of 485,851 shares. The stock had previously closed at $0.3332.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of SCWorx to a “hold” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

SCWorx Stock Performance

The business has a 50 day moving average price of $0.37 and a two-hundred day moving average price of $1.84. The stock has a market cap of $757,570.00, a PE ratio of -0.05 and a beta of 1.60.

SCWorx (NASDAQ:WORX) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $0.74 million during the quarter. SCWorx had a negative net margin of 154.41% and a negative return on equity of 72.19%.

Institutional Trading of SCWorx

A hedge fund recently bought a new position in SCWorx stock. Citadel Advisors LLC bought a new position in SCWorx Corp. (NASDAQ:WORX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned approximately 1.55% of SCWorx as of its most recent SEC filing. 1.88% of the stock is owned by hedge funds and other institutional investors.

About SCWorx

SCWorx Corp. develops and markets health care information technology solutions and related services to improve healthcare processes and information flow within hospitals and other healthcare facilities in the United States. The company provides data content and services related to repair, normalization, and interoperability of information for healthcare providers, as well as big data analytics for the healthcare industry. It also offers virtualized item master file repair, expansion, and automation; electronic medical record management; charge description master management; contract management; request for proposal automation; rebate management; integration of acquired management; big data analytics modeling; data integration and warehousing; and ScanWorx.