SCWorx Shares Set to Reverse Split on Tuesday, August 4th (NASDAQ:WORX)

SCWorx Corp. (NASDAQ:WORX)’s stock is going to reverse split on the morning of Tuesday, August 4th. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 3rd.

SCWorx Price Performance

Shares of WORX traded up $0.11 during mid-day trading on Friday, reaching $0.73. The company’s stock had a trading volume of 16,325 shares, compared to its average volume of 434,428. SCWorx has a 12-month low of $0.26 and a 12-month high of $9.85. The stock has a market cap of $774,108.50, a PE ratio of -0.05 and a beta of 1.60. The company’s 50 day moving average is $0.45 and its 200 day moving average is $1.58.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On SCWorx

A hedge fund recently bought a new stake in SCWorx stock. Citadel Advisors LLC purchased a new position in shares of SCWorx Corp. (NASDAQ:WORX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 SEC filing. 1.88% of the stock is currently owned by institutional investors and hedge funds.

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.