Let’s look at the key reasons that are pushing SecureWorks Corp (SCWX) to new highs

SecureWorks Corp (NASDAQ: SCWX) kicked off on Tuesday, down -0.24% from the previous trading day, before settling in for the closing price of $8.38. Over the past 52 weeks, SCWX has traded in a range of $5.61-$9.76.

During the last 5-year period, the sales drop of Technology Sector giant was -6.20%. While this was happening, its average annual earnings per share was recorded 120.45%. With a float of $11.14 million, this company’s outstanding shares have now reached $15.13 million.

Let’s determine the extent of company efficiency that accounts for 1516 employees. In terms of profitability, gross margin is 63.15%, operating margin of -15.55%, and the pretax margin is -16.89%.

SecureWorks Corp (SCWX) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of SecureWorks Corp is 87.47%, while institutional ownership is 11.23%. 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) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 0 earnings per share (EPS), higher than consensus estimate (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

Take a look at SecureWorks Corp’s (SCWX) current performance indicators. Last quarter, stock had 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 2322.25.

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)

Looking closely at SecureWorks Corp (NASDAQ: SCWX), its last 5-days average volume was 0.45 million, which is a jump from its year-to-date volume of 83696.0. As of the previous 9 days, the stock’s Stochastic %D was 42.86%. Additionally, its Average True Range was 0.10.

During the past 100 days, SecureWorks Corp’s (SCWX) raw stochastic average was set at 54.01%, which indicates a significant increase from 33.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.58% in the past 14 days, which was lower than the 61.52% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.17, while its 200-day Moving Average is $7.05. However, in the short run, SecureWorks Corp’s stock first resistance to watch stands at $8.37. Second resistance stands at $8.39. The third major resistance level sits at $8.39. If the price goes on to break the first support level at $8.35, it is likely to go to the next support level at $8.35. Now, if the price goes above the second support level, the third support stands at $8.33.

SecureWorks Corp (NASDAQ: SCWX) Key Stats

The company with the Market Capitalisation of 743.12 million has total of 88,828K Shares Outstanding. Its annual sales at the moment are 365,880 K in contrast with the sum of -86,040 K annual income. Company’s last quarter sales were recorded 82,180 K and last quarter income was -14,730 K.