Sharps Technology Inc (NASDAQ:STSS) 43.33% Above Its 52-Week Low, But Can It Keep Rising?

In last trading session, Sharps Technology Inc (NASDAQ:STSS) saw 1.38 million shares changing hands with its beta currently measuring 1.17. Company’s recent per share price level of $0.30 trading at $0.01 or 3.84% at ring of the bell on the day assigns it a market valuation of $8.67M. That closing price of STSS’s stock is at a discount of -196.67% from its 52-week high price of $0.89 and is indicating a premium of 43.33% from its 52-week low price of $0.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.56 million shares which gives us an average trading volume of 4.58 million if we extend that period to 3-months.

Sharps Technology Inc (NASDAQ:STSS) trade information

Upright in the green during last session for gaining 3.84%, in the last five days STSS remained trading in the green while hitting it’s week-highest on Wednesday, 09/04/24 when the stock touched $0.30 price level, adding 7.15% to its value on the day. Sharps Technology Inc’s shares saw a change of -27.10% in year-to-date performance and have moved 17.11% in past 5-day. Sharps Technology Inc (NASDAQ:STSS) showed a performance of 23.76% in past 30-days. Number of shares sold short was 0.13 million shares which calculate 0.03 days to cover the short interests.

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And 1 analysts are in estimates of company making revenue of 8.72B in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -35.49% during past 5 years.

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

Insiders are in possession of 4.66% of company’s total shares while institution are holding 6.73 percent of that, with stock having share float percentage of 7.06%. Investors also watch the number of corporate investors in a company very closely, which is 6.73% institutions for Sharps Technology Inc that are currently holding shares of the company. ESSENTIAL PLANNING, LLC. is the top institutional holder at STSS for having 0.16 million shares of worth $39078.0. And as of 2024-06-30, it was holding 0.8728 of the company’s outstanding shares.

The second largest institutional holder is HIGHTOWER ADVISORS, LLC, which was holding about 0.12 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.6475 of outstanding shares, having a total worth of $29000.0.