Sharps Technology Inc (NASDAQ:STSS) price on Thursday, March 20, fall -19.52% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.26.
A look at the stock’s price movement, the close in the last trading session was $0.32, moving within a range at $0.25 and $0.319. The beta value (5-Year monthly) was 1.459. Turning to its 52-week performance, $18.15 and $0.25 were the 52-week high and 52-week low respectively. Overall, STSS moved -28.60% over the past month.
Sharps Technology Inc’s market cap currently stands at around $2.84 million, with investors looking forward to this quarter’s earnings report slated for on 2024-May-13.
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 -19.30% and -65.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.31, while 7-day volatility ratio is 18.32% and 25.39% in the 30-day chart. Further, Sharps Technology Inc (STSS) has a beta value of 1.25, and an average true range (ATR) of 0.09.
If we refocus on Sharps Technology Inc (NASDAQ:STSS), historical trading data shows that trading volumes averaged 72.7 over the past 10 days and 15.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 11.08 million shares.
The 5.36% of Sharps Technology Inc’s shares are in the hands of company insiders while institutional holders own 4.84% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.06 million on 2025-02-28, giving us a short ratio of 0.12. The data shows that as of 2025-02-28 short interest in Sharps Technology Inc (STSS) stood at 964.0 of shares outstanding, with shares short rising to 0.43 million registered in 2025-01-31. Current price change has pushed the stock -87.57% 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.
