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

Shares of SCWorx Corp. (NASDAQ:WORX) are going to reverse split before the market opens 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 Stock Up 17.0%

Shares of SCWorx stock traded up $0.11 during mid-day trading on Friday, reaching $0.73. 16,325 shares of the stock traded hands, compared to its average volume of 434,428. The stock has a market capitalization of $774,108.50, a PE ratio of -0.05 and a beta of 1.60. The business has a 50-day moving average of $0.45 and a 200 day moving average of $1.58. SCWorx has a fifty-two week low of $0.26 and a fifty-two week high of $9.85.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On SCWorx

An institutional investor recently bought a new stake in SCWorx stock. Citadel Advisors LLC bought a new position in SCWorx Corp. (NASDAQ:WORX) in the third quarter, according to its most recent disclosure with the SEC. 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 SEC filing. 1.88% of the stock is owned by 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.