Now Is The Time To Build A Position In Sharps Technology Inc (NASDAQ:STSS)

In the latest trading session, 1.01 million Sharps Technology Inc (NASDAQ:STSS) shares changed hands as the company’s beta touched 1.23. With the company’s most recent per share price at $0.25 changing hands around $0.0 or -1.63% at last look, the market valuation stands at $7.08M. STSS’s current price is a discount, trading about -260.0% off its 52-week high of $0.90. The share price had its 52-week low at $0.17, which suggests the last value was 32.0% up since then. When we look at Sharps Technology Inc’s average trading volume, we note the 10-day average is 0.35 million shares, with the 3-month average coming to 12.91 million.

Sharps Technology Inc (NASDAQ:STSS) trade information

Instantly STSS was in red as seen in intraday trades today. With action -6.56%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -40.42%, with the 5-day performance at -6.56% in the red. However, in the 30-day time frame, Sharps Technology Inc (NASDAQ:STSS) is 18.79% up. Looking at the short shares, we see there were 0.87 million shares sold at short interest cover period of 0.14 days.

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Sharps Technology Inc (STSS) estimates and forecasts

1 analysts are of the opinion that Sharps Technology Inc’s revenue for the current quarter will be 8.72B.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -35.49%.

STSS Dividends

Sharps Technology Inc is expected to release its next quarterly earnings report on 2024-May-14.

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

If we look at who the major shareholders are, we find that insiders hold 8.51% of Sharps Technology Inc shares while 12.03% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 13.15%. There are 12.03% institutions holding the Sharps Technology Inc stock share, with ESSENTIAL PLANNING, LLC. the top institutional holder. As of 2024-06-30, the company held 0.8728% of the shares, roughly 0.16 million STSS shares worth $39078.0.

HIGHTOWER ADVISORS, LLC holds the second largest percentage of outstanding shares, with 0.6475% or 0.12 million shares worth $29000.0 as of 2024-06-30.

Among Mutual Funds, the top two as of Jun 30, 2024 were Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund. With 63.89 shares estimated at $15825.0 under it, the former controlled 0.22% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.03% of the shares, roughly 9.96 shares worth around $2466.0.