SCWorx (NASDAQ:WORX) Trading 2.5% Higher – Here’s What Happened

SCWorx Corp. (NASDAQ:WORX) traded up 2.5% on Tuesday . The stock traded as high as $0.43 and last traded at $0.43. 334,485 shares traded hands during trading, an increase of 19% from the average session volume of 281,093 shares. The stock had previously closed at $0.42.

Analysts Set New Price Targets

Separately, Wall Street Zen raised SCWorx to a “sell” rating in a research report on Saturday, June 14th.

SCWorx Price Performance

The business has a 50-day moving average of $0.45 and a two-hundred day moving average of $0.80. The company has a market cap of $1.57 million, a P/E ratio of -0.49 and a beta of 2.24.

SCWorx (NASDAQ:WORX) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $0.72 million during the quarter. SCWorx had a negative return on equity of 31.53% and a negative net margin of 49.45%.

Institutional Investors Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Renaissance Technologies LLC purchased a new stake in shares of SCWorx Corp. (NASDAQ:WORX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,590 shares of the company’s stock, valued at approximately $35,000. Renaissance Technologies LLC owned approximately 1.11% of SCWorx at the end of the most recent quarter. 1.88% of the stock is currently owned by institutional investors and hedge funds.

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.