SCWorx (NASDAQ:WORX) Releases Earnings Results

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

SCWorx Stock Performance

Shares of SCWorx stock traded down $0.08 during midday trading on Friday, hitting $0.36. 12,886 shares of the company traded hands, compared to its average volume of 644,625. The firm’s fifty day moving average price is $1.37 and its 200-day moving average price is $2.84. The stock has a market cap of $384,226.70, a price-to-earnings ratio of -0.03 and a beta of 1.63. SCWorx has a 12 month low of $0.33 and a 12 month high of $12.01.

Analyst Ratings Changes

WORX has been the subject of several recent research reports. Wall Street Zen upgraded SCWorx to a “hold” rating in a research note on Saturday, April 11th. Weiss Ratings restated a “sell (e+)” rating on shares of SCWorx in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC bought a new stake in SCWorx Corp. (NASDAQ:WORX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 quarter. Institutional investors and hedge funds 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.