The trading price of Sharps Technology Inc (NASDAQ:STSS) closed higher on Friday, May 23, and closing at $4.05, 2.79% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $5446.32 and a 52-week low of $3.36. Over the past month, the stock has lost -36.92% in value.
Sharps Technology Inc, whose market valuation is $4.13 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest STSS has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that STSS’s price is currently -13.00% off the SMA20 and -79.62% off the SMA50. The RSI metric on the 14-day chart is currently showing 29.67, and weekly volatility stands at 5.28%. When measured over the past 30 days, the indicator reaches 5.88%. Sharps Technology Inc (NASDAQ:STSS)’s beta value is currently sitting at 2.00, while the Average True Range indicator is currently displaying 2.23.
To see how Sharps Technology Inc stock has been performing in comparison to its peers in the industry, here are the numbers: STSS stock’s performance was 2.79% in the latest trading, and -99.75% in the past year.
An evaluation of the daily trading volume of Sharps Technology Inc (NASDAQ:STSS) indicates that the 3-month average is 692.37K.
Currently, records show that 1.02 million of the company’s shares remain outstanding. The insiders hold 0.32% of outstanding shares, whereas institutions hold 6.72%. However, since the stock’s price has seen -99.34% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
