A new trading day began on Friday, with Sharps Technology Inc (NASDAQ: STSS) stock price up 16.53% from the previous day of trading, before settling in for the closing price of $2.48. STSS’s price has ranged from $2.44 to $18.15 over the past 52 weeks.
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With a float of $1.30 million, this company’s outstanding shares have now reached $1.30 million.
The extent of productivity of a business whose workforce counts for 57 workers is very important to gauge. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
Sharps Technology Inc (STSS) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Instruments & Supplies Industry. The insider ownership of Sharps Technology Inc is 0.00%, while institutional ownership is 5.11%. The most recent insider transaction that took place on Feb 20 ’24, was worth 3,400. In this transaction Chief Executive Officer of this company bought 10,000 shares at a rate of $0.34, taking the stock ownership to the 95,882 shares. Before that another transaction happened on Feb 06 ’24, when Company’s Chief Executive Officer bought 10,000 for $0.29, making the entire transaction worth $2,900. This insider now owns 85,882 shares in total.
Sharps Technology Inc (STSS) Latest Financial update
In its latest quarterly report, released on 3/31/2024, the company reported earnings of -4.84 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
Sharps Technology Inc (NASDAQ: STSS) Trading Performance Indicators
Here are Sharps Technology Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.54
Technical Analysis of Sharps Technology Inc (STSS)
The latest stats from [Sharps Technology Inc, STSS] show that its last 5-days average volume of 0.24 million was superior to 0.2 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 38.92%. Additionally, its Average True Range was 0.44.
During the past 100 days, Sharps Technology Inc’s (STSS) raw stochastic average was set at 3.68%, which indicates a significant decrease from 46.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 137.32% in the past 14 days, which was higher than the 122.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.76, while its 200-day Moving Average is $6.20. Now, the first resistance to watch is $3.23. This is followed by the second major resistance level at $3.56. The third major resistance level sits at $4.00. If the price goes on to break the first support level at $2.45, it is likely to go to the next support level at $2.01. The third support level lies at $1.67 if the price breaches the second support level.
Sharps Technology Inc (NASDAQ: STSS) Key Stats
With a market capitalization of 3.76 million, the company has a total of 15,671K Shares Outstanding. Currently, annual sales are 0 K while annual income is -9,840 K. The company’s previous quarter sales were 0 K while its latest quarter income was -2,100 K.
