The stock of Sharps Technology Inc (STSS) has seen a 8.42% increase in the past week, with a 18.94% gain in the past month, and a 0.90% flourish in the past quarter. The volatility ratio for the week is 12.88%, and the volatility levels for the past 30 days are at 11.12% for STSS. The simple moving average for the last 20 days is 11.00% for STSS stock, with a simple moving average of -32.50% for the last 200 days.
Is It Worth Investing in Sharps Technology Inc (NASDAQ: STSS) Right Now?
The 36-month beta value for STSS is at 1.01. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for STSS is 14.30M, and currently, shorts hold a 1.61% of that float. The average trading volume for STSS on April 12, 2024 was 190.08K shares.
STSS) stock’s latest price update
Sharps Technology Inc (NASDAQ: STSS)’s stock price has increased by 5.60 compared to its previous closing price of 0.34. However, the company has seen a 8.42% increase in its stock price over the last five trading sessions. Benzinga reported 2022-09-08 that The Dow Jones closed higher by more than 400 points on Wednesday. Investors, meanwhile, focused on some notable insider trades.
STSS Trading at 7.26% from the 50-Day Moving Average
After a stumble in the market that brought STSS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.34% of loss for the given period.
Volatility was left at 11.12%, however, over the last 30 days, the volatility rate increased by 12.88%, as shares surge +15.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.45% upper at present.
During the last 5 trading sessions, STSS rose by +8.42%, which changed the moving average for the period of 200-days by -54.97% in comparison to the 20-day moving average, which settled at $0.3249. In addition, Sharps Technology Inc saw -13.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at STSS starting from Hayes Robert Michael, who purchase 10,000 shares at the price of $0.34 back on Feb 20 ’24. After this action, Hayes Robert Michael now owns 95,882 shares of Sharps Technology Inc, valued at $3,400 using the latest closing price.
Hayes Robert Michael, the Chief Executive Officer of Sharps Technology Inc, purchase 10,000 shares at $0.29 during a trade that took place back on Feb 06 ’24, which means that Hayes Robert Michael is holding 85,882 shares at $2,900 based on the most recent closing price.
Stock Fundamentals for STSS
Current profitability levels for the company are sitting at:
- -1231.05 for the present operating margin
- -107.35 for the gross margin
The net margin for Sharps Technology Inc stands at -1150.8. The total capital return value is set at -1.25. Equity return is now at value -111.99, with -83.30 for asset returns.
Currently, EBITDA for the company is -9.24 million with net debt to EBITDA at 0.31. When we switch over and look at the enterprise to sales, we see a ratio of 315.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In conclusion, Sharps Technology Inc (STSS) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
