Sharps Technology Inc (NASDAQ: STSS)’s stock price has gone rise by 1.35 in comparison to its previous close of 0.27, however, the company has experienced a -16.41% decrease in its stock price over the last five trading days. globenewswire.com reported 2025-01-29 that NEW YORK, Jan. 29, 2025 (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 the closing of its previously announced firm commitment underwritten public offering. Gross proceeds to the Company were approximately $20.0 million, before deducting underwriting fees and other offering expenses payable by the Company. The offering closed on January 29, 2025.
Is It Worth Investing in Sharps Technology Inc (NASDAQ: STSS) Right Now?
Moreover, the 36-month beta value for STSS is 1.40. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for STSS is 7.86M and currently, short sellers hold a 11.44% of that float. On March 06, 2025, STSS’s average trading volume was 3.57M shares.
STSS’s Market Performance
STSS stock saw a decrease of -16.41% in the past week, with a monthly decline of -13.03% and a quarterly a decrease of -92.62%. The volatility ratio for the week is 13.45%, and the volatility levels for the last 30 days are 20.35% for Sharps Technology Inc (STSS). The simple moving average for the last 20 days is -18.57% for STSS’s stock, with a simple moving average of -92.77% for the last 200 days.
STSS Trading at -75.19% 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 -98.47% of loss for the given period.
Volatility was left at 20.35%, however, over the last 30 days, the volatility rate increased by 13.45%, as shares sank -11.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -85.91% lower at present.
During the last 5 trading sessions, STSS fell by -16.41%, which changed the moving average for the period of 200-days by -93.99% in comparison to the 20-day moving average, which settled at $0.3409. In addition, Sharps Technology Inc saw -86.52% 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 3,300 shares at the price of $1.99 back on Dec 04 ’24. After this action, Hayes Robert Michael now owns 99,182 shares of Sharps Technology Inc, valued at $6,565 using the latest closing price.
Hayes Robert Michael, the Chief Executive Officer of Sharps Technology Inc, purchase 1,700 shares at $2.06 during a trade that took place back on Dec 05 ’24, which means that Hayes Robert Michael is holding 100,882 shares at $3,507 based on the most recent closing price.
Stock Fundamentals for STSS
The total capital return value is set at -1.3. Equity return is now at value -92.06, with -61.43 for asset returns.
Based on Sharps Technology Inc (STSS), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at -3.23. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is -30.37.
Currently, EBITDA for the company is -8.98 million with net debt to EBITDA at 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
To wrap up, the performance of Sharps Technology Inc (STSS) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
