The stock of Sharps Technology Inc (STSS) has gone down by -14.25% for the week, with a -2.76% drop in the past month and a -31.51% drop in the past quarter. The volatility ratio for the week is 8.88%, and the volatility levels for the past 30 days are 8.56% for STSS. The simple moving average for the past 20 days is -11.50% for STSS’s stock, with a -25.91% simple moving average for the past 200 days.
Is It Worth Investing in Sharps Technology Inc (NASDAQ: STSS) Right Now?
The 36-month beta value for STSS is at 1.22. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for STSS is 27.26M, and currently, shorts hold a 1.00% of that float. The average trading volume for STSS on September 17, 2024 was 2.80M shares.
STSS) stock’s latest price update
The stock price of Sharps Technology Inc (NASDAQ: STSS) has dropped by -10.00 compared to previous close of 0.26. Despite this, the company has seen a fall of -14.25% in its stock price over the last five trading days. globenewswire.com reported 2024-09-12 that NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) — Sharps Technology, Inc., (NASDAQ: STSS and STSSW) (“Sharps Technology” or the “Company”), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class syringe products, announced today that the Company has secured approval from The Nasdaq Stock Market (“Nasdaq” or the “Exchange”) to maintain its listing, subject to conditions outlined below.
STSS Trading at -9.93% 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 -73.51% of loss for the given period.
Volatility was left at 8.56%, however, over the last 30 days, the volatility rate increased by 8.88%, as shares sank -5.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.60% lower at present.
During the last 5 trading sessions, STSS fell by -14.25%, which changed the moving average for the period of 200-days by -47.60% in comparison to the 20-day moving average, which settled at $0.2658. In addition, Sharps Technology Inc saw -43.30% 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
The total capital return value is set at -1.23. Equity return is now at value -103.21, with -75.56 for asset returns.
Currently, EBITDA for the company is -9.24 million with net debt to EBITDA at 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
In conclusion, Sharps Technology Inc (STSS) has had a bad performance lately. Opinion on the stock among analysts is bullish, 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.
