Sharps Technology Inc (NASDAQ:STSS) does about 2.60M shares in volume on a normal day but saw 2183711 shares change hands in the recent trading day. The company now has a market cap of 4.94M USD. Its current market price is $0.17, marking a decrease of -26.81% compared to the previous close of $0.24. The 52 week high reached by this stock is $0.89 whilst the lowest price level in 52 weeks is $0.17.
Sharps Technology Inc (STSS) has a 20-day trading average at $0.2580 and the current price is -80.58% off the 52-week high compared with -0.63% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2567 and its 200-day simple moving average is $0.3110. If we look at the stock’s price movements over the week, volatility stands at 16.13%, which decreases to 10.52% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 27.81 to suggest the stock is oversold.
The consensus objective for the share price is $16.00, suggesting that the stock has a potential upside of 98.94% over the period.
The current price level is -34.07%, -33.17%, and -44.71% away from its SMA20, SMA50, and SMA200 respectively, with the STSS price moving above the 50-day SMA on current market day. Sharps Technology Inc (STSS) stock is down -26.72% over the week and -29.06% over the past month. Its price is -58.45% year-to-date and -69.14% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of -0.22 below consensus estimates by -0.14. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 98.94 percent from here.
Outstanding shares total 28.59M with insiders holding 4.66% of the shares and institutional holders owning 6.70% of the company’s common stock. The company has a return on investment of -113.74% and return on equity of -103.21%. The beta has a value of 1.23. Price to book ratio is 0.68.
