SCWorx (NASDAQ:WORX) Shares Down 0.5% – Here’s Why

SCWorx Corp. (NASDAQ:WORX)’s share price fell 0.5% during trading on Monday . The stock traded as low as $0.30 and last traded at $0.32. 23,800,094 shares changed hands during mid-day trading, an increase of 971% from the average session volume of 2,221,434 shares. The stock had previously closed at $0.32.

Analysts Set New Price Targets

Several research firms recently commented on WORX. Weiss Ratings reiterated a “sell (e+)” rating on shares of SCWorx in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of SCWorx to a “sell” rating in a research report on Saturday, June 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

SCWorx Stock Performance

The company has a market capitalization of $2.52 million, a PE ratio of -0.30 and a beta of 2.60. The stock’s fifty day simple moving average is $0.31 and its 200-day simple moving average is $0.47.

SCWorx (NASDAQ:WORX) last released its earnings results on Thursday, August 14th. The company reported ($0.44) earnings per share (EPS) for the quarter. The firm had revenue of $0.68 million during the quarter. SCWorx had a negative net margin of 105.74% and a negative return on equity of 58.42%.

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.