SCWorx (NASDAQ:WORX) Posts Quarterly Earnings Results

SCWorx (NASDAQ:WORX) issued its quarterly earnings results on Friday. The company reported ($0.16) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.74 million during the quarter. SCWorx had a negative net margin of 154.41% and a negative return on equity of 72.19%.

SCWorx Stock Down 19.0%

WORX stock opened at $0.36 on Friday. SCWorx has a twelve month low of $0.33 and a twelve month high of $12.01. The company has a market cap of $384,226.70, a PE ratio of -0.03 and a beta of 1.63. The business’s 50-day simple moving average is $1.37 and its 200 day simple moving average is $2.84.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised SCWorx to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SCWorx in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SCWorx has a consensus rating of “Sell”.

Institutional Investors Weigh In On SCWorx

An institutional investor recently bought a new position in SCWorx stock. Citadel Advisors LLC bought a new position in shares of SCWorx Corp. (NASDAQ:WORX) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned approximately 1.55% of SCWorx as of its most recent SEC filing. 1.88% of the stock is owned by hedge funds and other institutional investors.

SCWorx Company Profile

SCWorx Corp. develops and markets health care information technology solutions and related services to improve healthcare processes and information flow within hospitals and other healthcare facilities in the United States. The company provides data content and services related to repair, normalization, and interoperability of information for healthcare providers, as well as big data analytics for the healthcare industry. It also offers virtualized item master file repair, expansion, and automation; electronic medical record management; charge description master management; contract management; request for proposal automation; rebate management; integration of acquired management; big data analytics modeling; data integration and warehousing; and ScanWorx.