WORX Stock Summary and Trading Ideas (Scworx Corp. | NASDAQ:WORX)

SCWorx Corp is a provider of data content and services related to the repair, normalization, and interoperability of information for healthcare providers, as well as big data analytics for the healthcare industry. Its software enables a healthcare provider to simplify and organize its data, allows the data to be utilized across multiple internal software applications and provides the basis for sophisticated data analytics.

Scworx Corp. trades on the NASDAQ stock market under the symbol WORX.

As of April 24, 2024, WORX stock price climbed to $2.03 with 10,775 million shares trading.

WORX has a beta of 3.14, meaning it tends to be more sensitive to market movements. WORX has a correlation of 0.05 to the broad based SPY ETF.

WORX has a market cap of $2.42 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, WORX stock traded as high as $75.00 and as low as $1.14.

The top ETF exchange traded funds that WORX belongs to (by Net Assets): VXF.

WORX has underperformed the market in the last year with a price return of -57.9% while the SPY ETF gained +24.2%. However, in the short term, WORX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +39.6% vs +4.6% return in SPY. But in the last 2 weeks, WORX shares have been beat by the market, returning -20.4% compared to an SPY return of -2.7%.

WORX support price is $1.81 and resistance is $2.21 (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 WORX stock will trade within this expected range on the day.