Overall market sentiment has been high on Sharps Technology Inc (STSS) stock lately. STSS receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Sharps Technology Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on STSS!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With STSS Stock Today?
Sharps Technology Inc (STSS) stock is trading at $1.15 as of 12:09 PM on Thursday, Dec 15, a loss of -$0.20, or -14.82% from the previous closing price of $1.35. The stock has traded between $1.15 and $1.30 so far today. Volume today is 46,691 compared to average volume of 41,947.
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More About Sharps Technology Inc
Sharps Technology Inc is a medical device company. It offers syringes and other safety products. Sharps provensa ultra-low waste smart safety syringes are designed to eliminate over two million potentially infectious and accidental needlestick injuries.
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