Sharps Technology Inc (NASDAQ:STSS) saw an upside of 7.86% to $0.70 after adding $0.05 on Tuesday. The 5-day average trading volume is 2,323,691 shares of the company’s common stock. It has gained $0.8671 in the past week and touched a new high 3 times within the past 5 days. An average of 609,248 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 262,385.
STSS’s 1-month performance is -16.67% or -$0.1600 on its low of $0.5387 reached on 09/20/23. The company’s shares have touched a 52-week low of $0.54 and high of $2.04, with the stock’s rally to the 52-week high happening on 01/31/23. YTD, STSS has lost -42.15% or -$0.5300 and has reached a new high 6 times. However, the current price is down -65.69% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
STSS stock has a beta of 1.16. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.94.
Sharps Technology Inc’s quick ratio for the period ended June 30 was 1.07, with the current ratio over the same period at 1.41.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income grew 100.0% to $1.87 million, while revenue of -$1.87 million was 200.0% off the previous quarter. Analysts expected STSS to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.22, representing a -175.00% surprise. Shareholders hold equity totaling $11.66 million.
Let’s look briefly at Sharps Technology Inc (STSS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 48.47% to suggest the stock is trending Neutral, with historical volatility in this time period at 147.39%.
The stock’s 5-day moving average is $0.5999, reflecting a +3.82% or $0.0250 change from its current price. STSS is currently trading -17.63% above its 20-day SMA, -19.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -24.44% and SMA200 by-50.00%.
Stochastic %K and %D was 31.47% and 19.46% and the average true range (ATR) pointed at 0.1015. The RSI (14) points at 45.18%, while the 14-day stochastic is at 43.03% with the period’s ATR at 0.0882. The stock’s 9-day MACD Oscillator is pointing at -0.0259 and -0.0576 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for STSS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate STSS as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is STSS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $16.00, with their median price target at $16.00. Looking at these predictions, the average price target given by analysts is for Sharps Technology Inc (STSS) stock is $16.00.
