A share price of SecureWorks Corp [SCWX] is currently trading at $6.72, up 12.94%. An important factor to consider is whether the stock is rising or falling in short-term value. The SCWX shares have gain 8.56% over the last week, with a monthly amount drifted -2.89%, and not seem to be holding up well over a long-time horizon.
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On 21, March 2024, Secureworks Appoints William Cary to its Board of Directors. In a post published today on Yahoo Finance, Secureworks (NASDAQ: SCWX), a global leader in cybersecurity, today announced that it has appointed William (Bill) H. Cary to its Board of Directors and to serve as Chair of the Audit Committee.
From an analyst’s perspective:
SecureWorks Corp [NASDAQ: SCWX] stock has seen the most recent analyst activity on January 08, 2021, when Goldman downgraded its rating to a Sell but kept the price target unchanged to $14 for it. Previously, JP Morgan downgraded its rating to Underweight on December 09, 2020, and kept the price target unchanged to $15. On March 20, 2020, upgrade upgraded it’s rating to Neutral and revised its price target to $10 on the stock. Goldman started tracking the stock assigning a Sell rating and suggested a price target of $12 on November 12, 2019. BofA/Merrill reiterated its recommendation of a Underperform and raised its price target to $12.50 on February 05, 2019. BofA/Merrill reiterated a Underperform rating for this stock on December 07, 2018, and upped its price target to $10.50. In a note dated December 07, 2018, RBC Capital Mkts downgraded an Sector Perform rating on this stock.
SecureWorks Corp experienced fluctuations in its stock price throughout the past year between $5.40 and $10.06. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. SecureWorks Corp [NASDAQ: SCWX] shares were valued at $6.72 at the most recent close of the market. An investor can expect a potential return of 33.93% based on the average SCWX price forecast.
Analyzing the SCWX fundamentals
Trailing Twelve Months sales for SecureWorks Corp [NASDAQ:SCWX] were 365.88M which represents -22.70% decline. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at -0.3%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.17 and Total Capital is -0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.99 points at the first support level, and at 5.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.08, and for the 2nd resistance point, it is at 7.45.
SecureWorks Corp [SCWX] reported earnings per share of $0.08 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.03/share, meaning a difference of $0.11 and a surprise factor of 366.70%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0 per share as compared to estimates of -$0.07 per share, a difference of $0.07 representing a surprise of 100.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for SecureWorks Corp [NASDAQ:SCWX] is 0.68. On the other hand, the Quick Ratio is 0.68, and the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 1.14.
Transactions by insiders
Recent insider trading involved Gagnon Neil, 10% Owner, that happened on Feb 13 ’24 when 5731.0 shares were purchased. 10% Owner, Gagnon Neil completed a deal on Feb 12 ’24 to buy 1169.0 shares. Meanwhile, 10% Owner Gagnon Neil bought 55.0 shares on Feb 01 ’24.
