A better buy-in window may exist right now for SCWorx Corp. (WORX)

SCWorx Corp. (NASDAQ: WORX) stock jumped 0.59% on Friday to $0.19 against a previous-day closing price of $0.19. With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.72 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $0.1960 whereas the lowest price it dropped to was $0.1823. The 52-week range on WORX shows that it touched its highest point at $0.96 and its lowest point at $0.18 during that stretch.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WORX was up-trending over the past week, with a rise of 3.50%, but this was down by -25.84% over a month. Three-month performance dropped to -49.67% while six-month performance fell -46.81%. The stock lost -72.99% in the past year, while it has lost -52.25% so far this year.

Float and Shares Shorts:

At present, 16.70 million WORX shares are outstanding with a float of 13.90 million shares on hand for trading. On Aug 30, 2023, short shares totaled 33980.0, which was 0.20% higher than short shares on Jul 30, 2023. In addition to Mr. Timothy Andrew Hannibal as the firm’s Pres, CEO & Director, Mr. Christopher J. Kohler serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 2.69% of WORX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 36.31% of WORX, in contrast to 1.34% held by mutual funds. Shares owned by individuals account for 1.07%. As the largest shareholder in WORX with 0.62% of the stake, The Vanguard Group, Inc. holds 103,826 shares worth 103,826. A second-largest stockholder of WORX, Hudock, Inc., holds 79,500 shares, controlling over 0.48% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in WORX, holding 63,443 shares or 0.38% stake. With a 0.62% stake in WORX, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 103,826 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.22% of WORX stock, is the second-largest Mutual Fund holder. It holds 36,387 shares valued at 6586.0. Fidelity Nasdaq Composite Index F holds 0.13% of the stake in WORX, owning 21,155 shares worth 3829.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, WORX reported revenue of $992.42k and operating income of -$563.36k. The EBITDA in the recently reported quarter was -$563.36k and diluted EPS was -$0.05.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WORX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded WORX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 340,000 while 0 shares were sold.

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