Home  »  Companies   »  What’s Up With SCWorx Corp. (NASDAQ:WORX)?...

What’s Up With SCWorx Corp. (NASDAQ:WORX)?

SCWorx Corp. (NASDAQ:WORX) price closed higher on Friday, September 15, jumping 0.59% above its previous close.

A look at the daily price movement shows that the last close reads $0.19, with intraday deals fluctuated between $0.182 and $0.196. Taking into account the 52-week price action we note that the stock hit a 52-week high of $0.96 and 52-week low of $0.18. The stock subtracted -25.84% on its value in the past month.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give WORX a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that WORX’s price is at present -8.65% off the SMA20 and -24.54% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 39.71, with weekly volatility standing at 8.15%. The indicator jumps to 13.02% when calculated based on the past 30 days. SCWorx Corp. (NASDAQ:WORX)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.03.

An analysis of the SCWorx Corp. (NASDAQ:WORX) stock in terms of its daily trading volume indicates that the 3-month average is 5.72 million. However, this figure increases on the past 10-day timeline to an average of 0.59 million.

Current records show that the company has 16.70M in outstanding shares. The insiders’ percentage holdings are 19.41% of outstanding shares while the percentage share held by institutions stands at 2.80%. The stats also highlight that short interest as of Aug 30, 2023, stood at 33980.0 shares, which puts the short ratio at the time at 0.12. From this we can glean that short interest is 0.20% of company’s current outstanding shares. Notably, we see that shares short in August fall slightly given the previous month’s figure stood at 0.24 million. But the -52.25% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.