Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. SCWorx Corp’s current trading price is -86.94% away from its 52-week high, while its distance from the 52-week low is 64.91%. The stock’s price range during this period has varied between $1.14 and $14.40. The company, active in the Healthcare sector, saw a trading volume of around 0.56 million for the day, considerably higher average daily volume of 0.27 million observed over the last three months.
SCWorx Corp’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $14.40 on 06/16/23, and the lowest price during the same period was recorded at $1.14 on 02/08/24.
How Financial Performance Impacts Market Capitalization
SCWorx Corp (WORX) has experienced a quarterly rise of 6.14% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.27M and boasts a workforce of 9 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.6865, with a change in price of -0.2200. Similarly, SCWorx Corp recorded 179,820 in trading volume during the last 100 days, posting a change of -10.48%.
How WORX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for WORX stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.02.
WORX Stock Stochastic Average
As of today, the raw stochastic average of SCWorx Corp over the past 50 days is 43.02%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 40.96%. Additionally, the Stochastic %K and %D values for the company were 35.75% and 36.38%, respectively, over the past 20 days.
WORX Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 2.17%.However, over the last six months, we can see a stronger performance of -33.72%. Over the last 30 days, the price of WORX has fallen by 36.23%. And in the last five days, it has surged by 0.27%.
