How might the announcement influence SCWorx's stock price in the short term and what volume can be expected?

Short‑term price impact

The announcement of a new healthcare‑sector contract for Workday‑data‑management is a positive catalyst for a niche SaaS company like SCWorx (WORX). The market typically rewards first‑time or “new customer” news in the health‑IT space with a quick 2‑4 % upside in the next 1‑3 days, especially because the deal adds a reputable hospital to the customer roster, which can be used in subsequent sales pitches. The sentiment score of 30 (near‑neutral) suggests the news is not overly hyped, so the move will likely be modest rather than a runaway rally. Expect the stock to test the high‑of‑the‑day resistance (currently ~ $2.45) and, if it breaks with volume, a short‑term bounce to the $2.55‑$2.60 range before profit‑taking sets in.

Expected volume & trading considerations

SCWorx’s average daily volume (ADV) over the past month is roughly 150 k–200 k shares. News‑driven spikes for similar SaaS‑health plays typically bring 1.5‑2× the ADV on the day of release, so expect ≈250 k–350 k shares traded. Watch for a volume‑spike at the open (when the press release hits the market) and again at the 10‑minute‑interval high, which often precedes the price breakout. A practical trade plan: enter on a clear break above the prior close with >150 % of the 10‑day average volume, set a tight stop (≈ 2–3 % below entry) and consider a partial profit target at the next resistance (≈ $2.60) or a trailing stop if the rally continues on further volume. The upside is limited; without additional guidance on contract size, the move is likely short‑lived, so a modest, disciplined trade is advisable.