SCWorx (NASDAQ:WORX) Shares Up 0.5% – What’s Next?

SCWorx Corp. (NASDAQ:WORX) shares shot up 0.5% on Wednesday . The company traded as high as $0.37 and last traded at $0.3350. Approximately 5,299 shares changed hands during trading, a decline of 99% from the average daily volume of 485,851 shares. The stock had previously closed at $0.3332.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded SCWorx to a “hold” rating in a research report on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

SCWorx Trading Up 0.5%

The company has a market cap of $357,445.00, a price-to-earnings ratio of -0.02 and a beta of 1.60. The stock has a 50 day moving average price of $0.37 and a two-hundred day moving average price of $1.86.

SCWorx (NASDAQ:WORX) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.16) EPS for the quarter. SCWorx had a negative return on equity of 72.19% and a negative net margin of 154.41%.The company had revenue of $0.74 million for the quarter.

Institutional Trading of SCWorx

An institutional investor recently bought a new position in SCWorx stock. Citadel Advisors LLC acquired a new position in shares of SCWorx Corp. (NASDAQ:WORX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned about 1.55% of SCWorx at the end of the most recent reporting period. 1.88% of the stock is currently owned by hedge funds and other institutional investors.

About SCWorx

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.