The trading price of SCWorx Corp. (NASDAQ:WORX) closed lower on Tuesday, Jan 12, closing at $1.88, -7.45% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.7100 and $1.8600. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 4.09. In examining the 52-week price action we see that the stock hit a 52-week high of $14.88 and a 52-week low of $1. Over the past month, the stock has gained 2.96% in value.
To see how SCWorx Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: WORX stock’s performance was -7.45% in the latest trading, and -36.96% in the past year, while Paypal Holdings (PYPL) has traded +0.06% on the day and positioned +106.14% higher than it was a year ago. Another comparable company Square (SQ) saw its stock close 0.9% higher in the most recent trading session but was up +231.37% in a year. Furthermore, Zoom Video Communications Cl A (ZM) showed a decline of -7.45% on the day while its price kept declining at -36.96% over the past year. SCWorx Corp. has a P/E ratio of 0, compared to Paypal Holdings 89.74 and Square’s 491.4. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of SCWorx Corp. (NASDAQ:WORX) indicates that the 3-month average is 2.35 Million. However, this figure has increased over the past 10 days to an average of 4.87 Million.
Currently, records show that 9.86 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 22.08% of outstanding shares, whereas institutions hold 1.79%. The stats also highlight that short interest as of December 14, 2020, stood at 513.32 Million shares, resulting in a short ratio of 0.1 at that time. From this, we can conclude that short interest is 5.21% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 268.55 Million. However, since the stock’s price has seen +28.88% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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