Sharps Technology Inc (NASDAQ:STSS) shares, rose in value on Wednesday, June 18, with the stock price up by 8.58% to the previous day’s close as strong demand from buyers drove the stock to $5.44.
Actively observing the price movement in the last trading, the stock closed the session at $5.01, falling within a range of $5.2328 and $5.79. The value of beta (5-year monthly) was 1.921. Referring to stock’s 52-week performance, its high was $2244.00, and the low was $3.36. On the whole, STSS has fluctuated by 27.10% over the past month.
With the market capitalization of Sharps Technology Inc currently standing at about $5.54 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-May-14.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.6M, with a low estimate of 250k and a high estimate of 250k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 250k.
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 50% 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 11.57% and -3.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.57, while the 7-day volatility ratio is showing 7.41% which for the 30-day chart, stands at 12.87%. Furthermore, Sharps Technology Inc (STSS)’s beta value is 1.93, and its average true range (ATR) is 1.10.
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 8.58% in last session, and over the past year, it shrunk by -99.76%%.
Data on historical trading for Sharps Technology Inc (NASDAQ:STSS) indicates that the trading volumes over the past 10 days have averaged 0.46 and over the past 3 months, they’ve averaged 1.47 million. According to company’s latest data on outstanding shares, there are 1.02 million shares outstanding.
Nearly 0.32% of Sharps Technology Inc’s shares belong to company insiders and institutional investors own 5.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.12 million shares as on 2025-05-30, resulting in a short ratio of 0.12. According to the data, the short interest in Sharps Technology Inc (STSS) stood at 1146.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 11449.0. The stock has fallen by -99.12% 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.
