Sharps Technology Inc (NASDAQ:STSS) price on current trading day, fall -1.95% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.01.
A look at the stock’s price movement, the close in the last trading session was $2.05, moving within a range at $1.85 and $2.1399. The beta value (5-Year monthly) was 1.189. Turning to its 52-week performance, $18.15 and $1.70 were the 52-week high and 52-week low respectively. Overall, STSS moved -31.16% over the past month.
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Sharps Technology Inc’s market cap currently stands at around $3.62 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that STSS is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
STSS’s current price about -31.58% and -33.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.37, while 7-day volatility ratio is 26.08% and 14.87% in the 30-day chart. Further, Sharps Technology Inc (STSS) has a beta value of 1.40, and an average true range (ATR) of 0.44.
If we refocus on Sharps Technology Inc (NASDAQ:STSS), historical trading data shows that trading volumes averaged 0.65 over the past 10 days and 177.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 1.80 million shares.
The 3.38% of Sharps Technology Inc’s shares are in the hands of company insiders while institutional holders own 4.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 43298.0 on 2024-10-31, giving us a short ratio of 0.38. The data shows that as of 2024-10-31 short interest in Sharps Technology Inc (STSS) stood at 248.99999999999997 of shares outstanding, with shares short falling to 66191.0 registered in 2024-09-30. Current price change has pushed the stock -78.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the STSS stock continues to rise going into the next quarter.
