Sharps Technology (STSS) Stock Price, News & Analysis

Company Overview

Sharps Technology, Inc., a medical device company, researches, designs, develops, manufactures, distributes, and sells safety syringe products in the United States. It offers Sharps Provensa, an ultra-low waste space syringe for the administration of various vaccines and injectable medications. Sharps Technology, Inc. was incorporated in 2017 and is based in Melville, New York.

Key Stats

• Today's Range: $1.91 to $2.02
• 50-Day Range: $1.85 to $3.97
• 52-Week Range: $1.70 to $18.15
• Volume: 32,759 shs
• Average Volume: 203,569 shs
• Market Capitalization: $3.54 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Sharps Technology Stock Analysis - MarketRank™

Sharps Technology scored higher than 12% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Sharps Technology.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Sharps Technology is -0.24, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sharps Technology is -0.24, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Sharps Technology has a P/B Ratio of 0.17. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.93% of the float of Sharps Technology has been sold short.

Short Interest Ratio / Days to Cover

Sharps Technology has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sharps Technology has recently increased by 236.27%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sharps Technology does not currently pay a dividend.

Dividend Growth

Sharps Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.93% of the float of Sharps Technology has been sold short.

Short Interest Ratio / Days to Cover

Sharps Technology has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sharps Technology has recently increased by 236.27%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.26

News Sentiment

Sharps Technology has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Sharps Technology this week, compared to 1 article on an average week.

MarketBeat Follows

3 people have added Sharps Technology to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Sharps Technology insiders have bought more of their company's stock than they have sold. Specifically, they have bought $6,567.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 8.70% of the stock of Sharps Technology is held by insiders.

Percentage Held by Institutions

Only 17.17% of the stock of Sharps Technology is held by institutions.

STSS Stock Analysis - Frequently Asked Questions

How have STSS shares performed this year?

Sharps Technology's stock was trading at $3.13 at the start of the year. Since then, STSS stock has decreased by 37.1% and is now trading at $1.97.
View the best growth stocks for 2024 here.

When did Sharps Technology's stock split?

Sharps Technology's stock reverse split on the morning of Wednesday, October 16th 2024. The 1-22 reverse split was announced on Saturday, January 1st 2000. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, October 15th 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

When did Sharps Technology IPO?

Sharps Technology (STSS) raised $16 million in an IPO on Thursday, April 14th 2022. The company issued 3,750,000 shares at a price of $4.25 per share.

Who are Sharps Technology's major shareholders?

Top institutional shareholders of Sharps Technology include Garden State Investment Advisory Services LLC (9.61%) and Garden State Investment Advisory Services LLC (9.61%). Insiders that own company stock include Robert Michael Hayes, Timothy James Ruemler, Alan R Blackman and Andrew R Crescenzo.
View institutional ownership trends.

How do I buy shares of Sharps Technology?

Shares of STSS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sharps Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sharps Technology investors own include Meta Platforms (META), Mullen Automotive (MULN), Plug Power (PLUG), Exela Technologies (XELA), Faraday Future Intelligent Electric (FFIE), AMC Entertainment (AMC) and Canoo (GOEV).

Company Calendar

• Today: 12/28/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Surgical & medical instruments
• Sub-Industry: Medical Equipment
• Current Symbol: NASDAQ:STSS
• CUSIP: N/A
• CIK: 1737995
• Web: sharpstechnology.com
• Phone: 631-574-4436
• Fax: N/A
• Employees: 3
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($8.08)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-9,840,000.00
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: -110.40%
• Return on Assets: -73.60%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.01
• Quick Ratio: 0.57

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $11.42 per share
• Price / Book: 0.17

Miscellaneous

• Outstanding Shares: 1,798,000
• Free Float: 1,642,000
• Market Cap: $3.54 million
• Optionable: Not Optionable
• Beta: 1.37