Sharps Technology Inc (NASDAQ:STSS) shares, rose in value on Wednesday, April 16, with the stock price down by -18.21% to the previous day’s close as strong demand from buyers drove the stock to $0.03.
Actively observing the price movement in the last trading, the stock closed the session at $0.03, falling within a range of $0.0199 and $0.036. The value of beta (5-year monthly) was 2.079. Referring to stock’s 52-week performance, its high was $18.15, and the low was $0.01. On the whole, STSS has fluctuated by -92.34% over the past month.
With the market capitalization of Sharps Technology Inc currently standing at about $0.43 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-May-13.
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 -64.73% and -88.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.86, while the 7-day volatility ratio is showing 63.11% which for the 30-day chart, stands at 48.45%. Furthermore, Sharps Technology Inc (STSS)’s beta value is 1.91, and its average true range (ATR) is 0.04.
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 -18.21% in last session, and over the past year, it shrunk by -99.62%%.
Data on historical trading for Sharps Technology Inc (NASDAQ:STSS) indicates that the trading volumes over the past 10 days have averaged 389.15 and over the past 3 months, they’ve averaged 90.49 million. According to company’s latest data on outstanding shares, there are 16.33 million shares outstanding.
Nearly 8.89% of Sharps Technology Inc’s shares belong to company insiders and institutional investors own 3.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.35 million shares as on 2025-03-31, resulting in a short ratio of 0.13. According to the data, the short interest in Sharps Technology Inc (STSS) stood at 3901.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.06 million. The stock has fallen by -98.71% 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.
