Why SCWorx Corp Stock Might Make Sense If Bought Today

SCWorx Corp (NASDAQ:WORX) traded at $2.10 at close of the session on current trade day and made a downward move of -0.94% on its previous day’s price.

Looking at the stock we see that its previous close was $2.12 and the beta (5Y monthly) reads 2.498 with the day’s price range being $1.75 – $2.18. In terms of its 52-week price range, WORX has a high of $4.44 and a low of $0.75. The company’s stock has gained about 70.73% over that past 30 days.

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SCWorx Corp has a market cap of $3.39 million and is expected to release its quarterly earnings report in December.

On the other hand, looking at the outlook for the WORX stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.

Looking further, we note the current price level is 75.29% off its SMA20 and 74.11% from its 50-day simple moving average. The RSI (14) is pointing at 78.30 while the volatility over the past week is 24.61% and jumps to 12.53% over the past one month.

Coming back to SCWorx Corp (NASDAQ:WORX), we note that the average 3-month trading volume was 2.31 million, while that of the preceding 10-day period stands at 14.95 million. Current shares outstanding are 1.63 million.

The insiders hold 4.68% of the company’s shares while institutions hold 0.69%. The data shows that short shares as of 2024-10-31, stood at 9605.0 at a short ratio of 0.25. This represents a 62.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 18222.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 14.13% up in year-to-date price movement.

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