Sharps Technology Inc (STSS)’s Stock Price Falls Due To Weak Fundamental Momentum

Sharps Technology Inc (NASDAQ:STSS) has a beta value of 1.22 and has seen 1.52 million shares traded in the last trading session. The STSS stock price is -423.53% off its 52-week high price of $0.89 and 5.88% above the 52-week low of $0.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.73 million shares traded. The 3-month trading volume is 2.59 million shares.

Sharps Technology Inc (NASDAQ:STSS) trade information

Sporting -1.33% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the STSS stock price touched $0.17 or saw a rise of 30.61%. Year-to-date, Sharps Technology Inc shares have moved -59.00%, while the 5-day performance has seen it change -22.50%. Over the past 30 days, the shares of Sharps Technology Inc (NASDAQ:STSS) have changed -33.14%. Short interest in the company has seen 0.27 million shares shorted with days to cover at 0.38.

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Sharps Technology Inc (STSS) estimates and forecasts

The company’s shares have lost -41.61% over the past 6 months.

1 have an estimated revenue figure of 8.72B for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -35.49% over the past 5 years.

STSS Dividends

Sharps Technology Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 4.66% of the company shares, while shares held by institutions stand at 6.70% with a share float percentage of 7.03%. Investors are also buoyed by the number of investors in a company, with Sharps Technology Inc having a total of 12.0 institutions that hold shares in the company. The top two institutional holders are ESSENTIAL PLANNING, LLC. with over 0.16 million shares worth more than $39078.0. As of 2024-06-30, ESSENTIAL PLANNING, LLC. held 0.8728% of shares outstanding.

The other major institutional holder is HIGHTOWER ADVISORS, LLC, with the holding of over 0.12 million shares as of 2024-06-30. The firm’s total holdings are worth over $29000.0 and represent 0.6475% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund . As of Jul 31, 2024 , the former fund manager holds about 0.22% shares in the company for having 63.89 shares of worth $10893.0 while later fund manager owns 9.96 shares of worth $1697.0 as of Jun 30, 2024 , which makes it owner of about 0.03% of company’s outstanding stock.