The market has been high on Scworx Corp (WORX) stock recently. WORX gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With WORX Stock Today?
Scworx Corp (WORX) stock is trading at $1.96 as of 9:58 AM on Friday, Jan 8, a rise of $0.38, or 24.05% from the previous closing price of $1.58. The stock has traded between $1.88 and $2.27 so far today. Volume today is high. So far 7,247,554 shares have traded compared to average volume of 3,917,122 shares.
To see InvestorsObserver's Sentiment Score for Scworx Corp click here.
More About Scworx Corp
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.
Click Here to get the full Stock Score Report on Scworx Corp (WORX) Stock.