SCWorx (NASDAQ:WORX) Shares Up 1.6% – Time to Buy?

SCWorx Corp. (NASDAQ:WORX)’s stock price was up 1.6% during mid-day trading on Wednesday . The stock traded as high as $0.6550 and last traded at $0.62. Approximately 9,624 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 440,519 shares. The stock had previously closed at $0.6101.

Wall Street Analyst Weigh In

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

SCWorx Stock Up 1.6%

The firm has a market cap of $661,540.00, a PE ratio of -0.04 and a beta of 1.60. The company’s 50 day moving average price is $0.44 and its two-hundred day moving average price is $1.61.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC bought a new stake in shares of SCWorx Corp. (NASDAQ:WORX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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 & 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.