Is Sharps Technology Inc’s (NASDAQ: STSS) 80.87% Gain This Week Telling Us Something New?

During the recent session, Sharps Technology Inc (NASDAQ:STSS)’s traded shares were 277.87 million, with the beta value of the company hitting 1.97. The 52-week high for the STSS share is $18.15, that puts it down -60400.0 from that peak though still a striking 66.67% gain since the share price plummeted to a 52-week low of $0.01. The company’s market capitalization is $0.54M, and the average intraday trading volume over the past 10 days was 389.15 million shares, and the average trade volume was 92.19 million shares over the past three months.

Sharps Technology Inc (NASDAQ:STSS) trade information

Sharps Technology Inc (STSS) registered a 24.91% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 24.91% in intraday trading to $0.03, hitting a weekly high. The stock’s 5-day price performance is 80.87%, and it has moved by -89.60% in 30 days. Based on these gigs, the overall price performance for the year is -99.52%. The short interest in Sharps Technology Inc (NASDAQ:STSS) is 6.35 million shares and it means that shorts have 0.13 day(s) to cover.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -8.46%.

STSS Dividends

Sharps Technology Inc is due to release its next quarterly earnings on 2024-May-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Sharps Technology Inc insiders own 1.17% of total outstanding shares while institutional holders control 6.89%, with the float percentage being 6.98%. ESSENTIAL PLANNING, LLC. is the largest shareholder of the company, while 10.0 institutions own stock in it. As of 2024-06-30, the company held over 0.16 million shares (or 0.8728% of all shares), a total value of $39078.0 in shares.

The next largest institutional holding, with 0.12 million shares, is of HIGHTOWER ADVISORS, LLC’s that is approximately 0.6475% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $29000.0.

Data provided on Feb 28, 2025 indicates that Fidelity Concord Street Trust-Fidelity Extended Market Index Fund owns about 11.89 shares. This amounts to just over 0.07 percent of the company’s overall shares, with a $387.0 market value.