SCWorx Corp (NASDAQ: WORX) Recovers 242.38% From 52-Week Low, Is WORX Still A High-Risk, High-Reward Play?

SCWorx Corp (NASDAQ:WORX) currently has a daily average trading volume of 2.42M but it saw 426541 shares traded in last market. With a market cap of 4.80M USD, the company’s current market price of $2.58 came rising about 8.40 while comparing to the previous closing price of $2.38. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.44 and as low as $0.75. In the recent trading on the day, stock has struck highest price mark of $2.515 while lowest mark touched by it was $2.94.

Taking a look at 20-day trading activity of SCWorx Corp (WORX) gives us an average price of $1.42, while its current price level is -41.89% below from 52-week high level whereas it is 242.38% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.29 while that of 200 days or SMA-200 reads an average of $1.68. A closer look into the stock’s movement over the week reveals that its volatility is standing at 42.04% during that period while stretching the period over a month that decreases to 16.50%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 69.92 which implies that the stock is in neutral territory.

Over the week, WORX’s stock price is moving 163.27% up while it is 118.53% when we observe its performance for the past one month. Year-to-date it is 40.22% up and over the past year, the stock is showing an upside performance of 47.56%.

Currently, SCWorx Corp’s total number of outstanding shares is 1.86M. Company’s return on investment (ROI) stands at -78.14% and return on equity (ROE) at -65.95%. Stock has a price to book (P/B) ratio of 0.92 while price to sale or P/S ratio amounts to 1.49. Its return on asset (ROA) is -45.77% on average.