There Is A Quest For Clarity Surrounding Sharps Technology Inc (NASDAQ: STSS) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Medical Instruments & Supplies industry segment, falling under the Healthcare sector. The current market capitalization of Sharps Technology Inc is $8.35M. A total of 0.67 million shares were traded on the day, compared to an average of 4.89M shares.

In the most recent transaction, Hayes Robert Michael bought 10,000 shares of STSS for 0.34 per share on Feb 20 ’24. After the transaction, the Chief Executive Officer now owns 95,882 company shares. In a previous transaction on Feb 06 ’24, Hayes Robert Michael bought 10,000 shares at 0.29 per share. STSS shares that Chief Executive Officer owns now total 85,882.

Among the insiders who bought shares, Hayes Robert Michael acquired of 8,000 shares on Feb 02 ’24 at a per-share price of $0.35. This resulted in the Chief Executive Officer holding 75,882 shares of STSS after the transaction. In another insider transaction, Hayes Robert Michael bought 2,200 shares at $0.38 per share on Jan 31 ’24. Company shares held by the Chief Executive Officer now total 67,882.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, STSS has a high of $0.89 and a low of $0.17.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. STSS’s latest balance sheet shows that the firm has $1.48M in Cash & Short Term Investments as of fiscal 2021. There were $700.01k in debt and $2.77M in liabilities at the time. Its Book Value Per Share was $0.25, while its Total Shareholder’s Equity was $3.14M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for STSS is Buy with a score of 0.00.

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