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

SCWorx Corp. (NASDAQ:WORX)’s stock is 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 market closes on Monday, August 3rd.

SCWorx Trading Up 17.0%

WORX traded up $0.11 during midday trading on Friday, hitting $0.73. 16,325 shares of the company traded hands, compared to its average volume of 434,428. The company has a market capitalization of $774,108.50, a price-to-earnings ratio of -0.05 and a beta of 1.60. SCWorx has a 52-week low of $0.26 and a 52-week high of $9.85. The business has a 50 day simple moving average of $0.44 and a two-hundred day simple moving average of $1.59.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On SCWorx

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 the company in its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission. 1.88% of the stock is currently owned by hedge funds and other institutional investors.

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.