The Week Ahead: Are Investors Really Too Optimistic About Sharps Technology Inc (NASDAQ: STSS)

Sharps Technology Inc (NASDAQ:STSS) currently has a daily average trading volume of 4.58M but it saw 1383163 shares traded in last market. With a market cap of 8.67M USD, the company’s current market price of $0.30 came rising about 3.84 while comparing to the previous closing price of $0.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.89 and as low as $0.17. In the recent trading on the day, stock has struck highest price mark of $0.292 while lowest mark touched by it was $0.3231.

Taking a look at 20-day trading activity of Sharps Technology Inc (STSS) gives us an average price of $0.2625, while its current price level is -65.93% below from 52-week high level whereas it is 74.35% 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 $0.2577 while that of 200 days or SMA-200 reads an average of $0.3243. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.06% during that period while stretching the period over a month that decreases to 7.92%. 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 64.41 which implies that the stock is in neutral territory.

Over the week, STSS’s stock price is moving 17.11% up while it is 23.76% when we observe its performance for the past one month. Year-to-date it is -27.10% down and over the past year, the stock is showing a downside performance of -59.36%.

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 1.17. Stock has a price to book (P/B) ratio of 1.20. Its return on asset (ROA) is -75.56% on average.