Are Analysts Too Bullish On Sharps Technology Inc (STSS)

Sharps Technology Inc (NASDAQ:STSS) currently has a daily average trading volume of 7.19M but it saw 775772 shares traded in last market. With a market cap of 7.88M USD, the company’s current market price of $0.28 came rising about 7.36 while comparing to the previous closing price of $0.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.90 and as low as $0.17. In the recent trading on the day, stock has struck highest price mark of $0.257 while lowest mark touched by it was $0.2786.

Taking a look at 20-day trading activity of Sharps Technology Inc (STSS) gives us an average price of $0.2572, while its current price level is -69.50% below from 52-week high level whereas it is 58.54% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2566 while that of 200 days or SMA-200 reads an average of $0.3261. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.96% during that period while stretching the period over a month that increases to 8.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 56.16 which implies that the stock is in neutral territory.

Over the week, STSS’s stock price is moving 13.18% up while it is -10.43% when we observe its performance for the past one month. Year-to-date it is -33.71% down and over the past year, the stock is showing a downside performance of -68.31%.

Currently, Sharps Technology Inc’s total number of outstanding shares is 28.59M. Company’s return on investment (ROI) stands at -113.74% and return on equity (ROE) at -103.21%. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 1.09. Its return on asset (ROA) is -75.56% on average.