On Tuesday, SecureWorks Corp (NASDAQ: SCWX) opened higher 0.48% from the last session, before settling in for the closing price of $8.36. Price fluctuations for SCWX have ranged from $5.40 to $9.76 over the past 52 weeks.
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A company in the Technology sector has dropped its sales by -6.20% annually for the last half of the decade. Company’s average yearly earnings per share was noted 120.45% at the time writing. With a float of $11.08 million, this company’s outstanding shares have now reached $15.13 million.
In an organization with 1516 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 62.13%, operating margin of -15.55%, and the pretax margin is -16.89%.
SecureWorks Corp (SCWX) Insider Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of SecureWorks Corp is 87.53%, while institutional ownership is 11.16%. The most recent insider transaction that took place on Jun 03 ’24, was worth 53,778. In this transaction 10% Owner of this company bought 9,191 shares at a rate of $5.85, taking the stock ownership to the 628,058 shares. Before that another transaction happened on Jun 03 ’24, when Company’s 10% Owner bought 340 for $5.85, making the entire transaction worth $1,989. This insider now owns 34,919 shares in total.
SecureWorks Corp (SCWX) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 7/31/2024, the company posted 0 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.07) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 120.45% per share during the next fiscal year.
SecureWorks Corp (NASDAQ: SCWX) Trading Performance Indicators
Check out the current performance indicators for SecureWorks Corp (SCWX). In the past quarter, the stock posted a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.15. Likewise, its price to free cash flow for the trailing twelve months is 2331.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.84, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.11 in one year’s time.
Technical Analysis of SecureWorks Corp (SCWX)
Let’s dig in a bit further. During the last 5-days, its volume was 0.74 million. That was better than the volume of 58745.0 it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 90.85%. Additionally, its Average True Range was 0.37.
During the past 100 days, SecureWorks Corp’s (SCWX) raw stochastic average was set at 66.91%, which indicates a significant decrease from 93.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.37% in the past 14 days, which was lower than the 71.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.86, while its 200-day Moving Average is $6.93. However, in the short run, SecureWorks Corp’s stock first resistance to watch stands at $8.42. Second resistance stands at $8.43. The third major resistance level sits at $8.47. If the price goes on to break the first support level at $8.37, it is likely to go to the next support level at $8.33. Assuming the price breaks the second support level, the third support level stands at $8.32.
SecureWorks Corp (NASDAQ: SCWX) Key Stats
There are currently 88,403K shares outstanding in the company with a market cap of 746.17 million. Presently, the company’s annual sales total 365,880 K according to its annual income of -86,040 K. Last quarter, the company’s sales amounted to 82,180 K and its income totaled -14,730 K.
