SCWorx Stock Scheduled to Reverse Split on Tuesday, August 4th (NASDAQ:WORX)
by Kim Johansen · The Markets DailySCWorx Corp. (NASDAQ:WORX – Free Report) shares are going to reverse split on Tuesday, August 4th. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 3rd.
SCWorx Trading Up 17.0%
Shares of SCWorx stock traded up $0.11 during trading on Friday, hitting $0.73. The stock had a trading volume of 16,325 shares, compared to its average volume of 434,428. The firm has a market cap of $774,108.50, a price-to-earnings ratio of -0.05 and a beta of 1.60. SCWorx has a 12 month low of $0.26 and a 12 month high of $9.85. The business’s 50-day moving average is $0.44 and its 200 day moving average is $1.59.
SCWorx (NASDAQ:WORX – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $0.74 million during the quarter. SCWorx had a negative return on equity of 72.19% and a negative net margin of 154.41%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded SCWorx to a “hold” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SCWorx currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on WORX
Institutional Trading of SCWorx
An institutional investor recently bought a new stake in SCWorx stock. Citadel Advisors LLC acquired a new position in shares of SCWorx Corp. (NASDAQ:WORX – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 121,779 shares of the company’s stock, valued at approximately $35,000. Citadel Advisors LLC owned about 1.55% of SCWorx as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.88% of the company’s stock.
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.