Sharps Technology Inc (NASDAQ:STSS) – Experts See The Stock A Different Way Today

In the last trading session, 0.56 million shares of the Sharps Technology Inc (NASDAQ:STSS) were traded, and its beta was 1.29. Most recently the company’s share price was $0.24, and it changed around -$0.02 or -4.42% from the last close, which brings the market valuation of the company to $5.64M. STSS currently trades at a discount to its 52-week high of $0.90, offering almost -275.0% off that amount. The share price’s 52-week low was $0.17, which indicates that the current value has risen by an impressive 29.17% since then. We note from Sharps Technology Inc’s average daily trading volume that its 10-day average is 8.53 million shares, with the 3-month average coming to 12.85 million.

Sharps Technology Inc (NASDAQ:STSS) trade information

Instantly STSS has showed a red trend with a performance of -4.42% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.3100 on recent trading dayincreased the stock’s daily price by 22.58%. The company’s shares are currently down -41.28% year-to-date, but still down -15.79% over the last five days. On the other hand, Sharps Technology Inc (NASDAQ:STSS) is -5.35% down in the 30-day period. We can see from the shorts that 0.65 million shares have been sold at a short interest cover period of 0.19 day(s).

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Sharps Technology Inc (NASDAQ:STSS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 8.51% of Sharps Technology Inc shares, and 15.99% of them are in the hands of institutional investors. The stock currently has a share float of 17.48%. Sharps Technology Inc stock is held by 11.0 institutions, with WALLEYE CAPITAL LLC being the largest institutional investor. By 2024-03-31, it held 5.8039% of the shares, which is about 0.89 million shares worth $0.3 million.

HIGHTOWER ADVISORS, LLC, with 0.7909% or 0.12 million shares worth $41000.0 as of 2024-03-31, holds the second largest percentage of outstanding shares.