SCWorx Corp. (NASDAQ:WORX) traded at $1.6 at last check on Wednesday, Sep 16, making an upward move of 9.59% on its previous day’s price.
Looking at the stock we see that its previous close was $1.46 and the beta (5Y monthly) reads 3.5 with the day’s price range being $1.4100 – 1.6900. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, WORX has a high of $14.88 and a low of $1.36. The company’s stock has gained about -31.78% over that past 30 days.
Let’s briefly compare SCWorx (WORX) stock to its peers. We find that today’s price change of +9.59% and -70.2% over the past 12 months for WORX competes that of Paypal Holdings (PYPL), which has seen its stock price fall -0.97% in the latest trading session and is +74.63% over the last one year. Another of its peers Zoom Video Communications Cl A (ZM) has dropped -0.04% today, and is +409.41% up over the past year, while Square (SQ) is also up 9.59% yet its price remains in the red at -70.2% over the same period. Paypal has a P/E ratio of 85.37 compared to SCWorx’s 0 and Zoom’s 524.83. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.56% and 0.78%, respectively, in early deals.
Coming back to SCWorx Corp. (NASDAQ:WORX), we note that the average 3-month trading volume was 2.56 Million, while that of the preceding 10-day period stands at 4.4 Million. Current shares outstanding are 9.49 Million.
According to data from Thomson Reuters, insiders hold 30.79% of the company’s shares while institutions hold 1.28%. The data shows that short shares as of August 30, 2020, stood at 698.17 Million at a short ratio of 0.11. This represents a 7.36% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 412.87 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -49.13% down in year-to-date price movement.