Sharps Technology (NASDAQ:STSS) Issues Quarterly Earnings Results

Sharps Technology (NASDAQ:STSS) posted its quarterly earnings results on Thursday. The company reported ($1.19) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $0.19 million for the quarter.

Sharps Technology Stock Up 2.0%

NASDAQ:STSS traded up $0.04 on Thursday, reaching $2.00. The stock had a trading volume of 349,524 shares, compared to its average volume of 520,469. The stock has a fifty day moving average price of $1.79 and a 200-day moving average price of $2.31. Sharps Technology has a 1-year low of $1.42 and a 1-year high of $18.23. The company has a market capitalization of $77.34 million, a P/E ratio of 0.00 and a beta of 2.03.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on STSS shares. Wall Street Zen upgraded Sharps Technology from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sharps Technology in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sharps Technology has an average rating of “Sell”.

Hedge Funds Weigh In On Sharps Technology

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its position in Sharps Technology by 98,825.0% in the 3rd quarter. Bank of America Corp DE now owns 7,914 shares of the company’s stock valued at $52,000 after purchasing an additional 7,906 shares during the last quarter. Aristides Capital LLC bought a new position in Sharps Technology in the 4th quarter valued at $25,000. Price T Rowe Associates Inc. MD acquired a new stake in Sharps Technology in the 4th quarter valued at about $43,000. T3 Companies LLC bought a new position in shares of Sharps Technology in the fourth quarter worth about $68,000. Finally, Saba Capital Management L.P. bought a new position in shares of Sharps Technology in the fourth quarter worth about $412,000. Institutional investors own 17.17% of the company’s stock.

About Sharps Technology

Sharps Technology (NASDAQ:STSS) is an insurtech company specializing in technology-enabled subrogation recovery services for property and casualty insurers. The company’s flagship platform combines process automation, data analytics and digital workflow tools to help carriers and third-party administrators identify, manage and recover funds from liable third parties. By streamlining the subrogation lifecycle—from claim intake through recovery—Sharps delivers greater transparency, faster turnaround times and improved recovery rates for its clients.

Since its initial public offering in late 2021, Sharps Technology has focused on expanding its presence across the United States.