Sharps Technology Inc [NASDAQ: STSS] traded at a high on Wednesday, posting a 2.22 gain after which it closed the day’ session at $0.25.
The results of the trading session contributed to over 7866909 shares changing hands. Over the past one week, the price volatility of Sharps Technology Inc stands at 18.08% while the volatility over the past one month is 12.76%.
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The market cap for STSS stock reached $3.97 million, with 15.27 million shares outstanding and 14.34 million shares in the current float. Compared to the average trading volume of 146.59K shares, STSS reached a trading volume of 7866909 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Sharps Technology Inc [STSS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STSS shares is $16.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STSS stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Sharps Technology Inc is set at 0.03 The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 0.07.
How has STSS stock performed recently?
Sharps Technology Inc [STSS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.57. With this latest performance, STSS shares dropped by -14.17% in over the last four-week period, additionally sinking by -45.21% over the last 6 months – not to mention a drop of -74.03% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for STSS stock in for the last two-week period is set at 48.83, with the RSI for the last a single of trading hit 55.98, and the three-weeks RSI is set at 45.95 for Sharps Technology Inc [STSS]. The present Moving Average for the last 50 days of trading for this stock 0.2885, while it was recorded at 0.2351 for the last single week of trading, and 0.4437 for the last 200 days.
Sharps Technology Inc [STSS]: Deeper insight into the fundamentals
Sharps Technology Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.49 and a Current Ratio set at 1.15.
Insider trade positions for Sharps Technology Inc [STSS]
The top three institutional holders of STSS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in STSS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in STSS stock with ownership which is approximately 5.8386%.
