Sharps Technology Inc (NASDAQ:STSS) shares, rose in value, with the stock price up by 5.81% to the previous day’s close as strong demand from buyers drove the stock to $0.28.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.26. Referring to stock’s 52-week performance, its high was $18.15, and the low was $0.25. On the whole, STSS has fluctuated by -23.94% over the past month.
With the market capitalization of Sharps Technology Inc currently standing at about $3.09 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STSS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of STSS currently trading nearly -15.83% and -73.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.12, while the 7-day volatility ratio is showing 14.08% which for the 30-day chart, stands at 20.47%. Furthermore, Sharps Technology Inc (STSS)’s beta value is 1.41, and its average true range (ATR) is 0.09.
A comparison of Sharps Technology Inc (STSS) with its peers suggests the former has fared considerably weaker in the market. STSS showed an intraday change of 5.81% in today’s session so far, and over the past year, it shrunk by -96.72%%.
Data on historical trading for Sharps Technology Inc (NASDAQ:STSS) indicates that the trading volumes over the past 3 months, they’ve averaged 3.57 million. According to company’s latest data on outstanding shares, there are 11.08 million shares outstanding.
Nearly 29.00% of Sharps Technology Inc’s shares belong to company insiders and institutional investors own 4.84% of the company’s shares. The stock has fallen by -86.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STSS stock heading into the next quarter.
