The stock has a 36-month beta value of 1.23. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for STSS is 27.26M, and at present, short sellers hold a 1.00% of that float. On September 24, 2024, the average trading volume of STSS was 2.60M shares.
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STSS) stock’s latest price update
Sharps Technology Inc (NASDAQ: STSS) has seen a decline in its stock price by -26.81 in relation to its previous close of 0.24. However, the company has experienced a -26.72% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-23 that NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — Sharps Technology, Inc. (NASDAQ: STSS) (the “Company”), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class syringe products, today announced that it has entered into definitive agreements with institutional investors for a secured bridge loan financing (the “Bridge Financing”) of approximately $3.5 million.
STSS’s Market Performance
Sharps Technology Inc (STSS) has seen a -26.72% fall in stock performance for the week, with a -29.06% decline in the past month and a -35.55% plunge in the past quarter. The volatility ratio for the week is 16.13%, and the volatility levels for the past 30 days are at 10.52% for STSS. The simple moving average for the past 20 days is -34.07% for STSS’s stock, with a -44.71% simple moving average for the past 200 days.
STSS Trading at -33.17% 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 -80.58% of loss for the given period.
Volatility was left at 10.52%, however, over the last 30 days, the volatility rate increased by 16.13%, as shares sank -32.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.04% lower at present.
During the last 5 trading sessions, STSS fell by -26.72%, which changed the moving average for the period of 200-days by -63.63% in comparison to the 20-day moving average, which settled at $0.2580. In addition, Sharps Technology Inc saw -58.45% 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
To sum up, Sharps Technology Inc (STSS) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
