SCWX Stock Summary and Trading Ideas (Secureworks Corp. - Class A | NASDAQ:SCWX)

SecureWorks Corp is a cybersecurity provider of technology-driven solutions singularly focused on protecting its customers by outpacing and outmaneuvering the adversary. The company offers its customers the following services; software-as-a-service, or SaaS, solutions, managed solutions, and professional services, including incident response and adversarial services. Its solutions enable organizations to fortify their cyber defenses to prevent security breaches, detect malicious activity in real-time, prioritize and respond to security incidents, and predict emerging threats. The company's products consist of MDR, XDR, Threat Hunting, Log Management, NGAV, EDR, IDPS.

Secureworks Corp. - Class A trades on the NASDAQ stock market under the symbol SCWX.

As of April 19, 2024, SCWX stock price climbed to $5.99 with 20,174 million shares trading.

SCWX has a beta of 1.79, meaning it tends to be more sensitive to market movements. SCWX has a correlation of 0.17 to the broad based SPY ETF.

SCWX has a market cap of $521.31 million. This is considered a Small Cap stock.

Last quarter Secureworks Corp. - Class A reported $89 million in Revenue and $.08 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.11.

In the last 3 years, SCWX stock traded as high as $26.89 and as low as $5.28.

The top ETF exchange traded funds that SCWX belongs to (by Net Assets): VTI, VGT, VB, VXF, VBK.

SCWX has underperformed the market in the last year with a price return of -31.0% while the SPY ETF gained +21.2%. SCWX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.3% and -5.7%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

SCWX support price is $5.67 and resistance is $6.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SCWX stock will trade within this expected range on the day.