Sharps Technology (NASDAQ:STSS) Stock Price Down 4.8% - Time to Sell?

Key Points

• Shares fell 4.8% to $1.79 on Monday with ~313,188 shares traded (about 19% below average); the stock is near its 50‑day SMA ($1.77) but well under its 200‑day SMA ($2.55).
• Analyst consensus remains negative: Weiss Ratings reaffirmed a "sell (e+)" and although Wall Street Zen moved the rating to "hold," MarketBeat shows an average rating of "Sell."
• Hedge funds have recently built positions: Schonfeld and Pantera established multimillion‑dollar stakes, Geode sharply increased its holding, and institutional investors now own roughly 17.17% of the company.

Sharps Technology, Inc. (NASDAQ:STSS - Get Free Report)'s share price was down 4.8% on Monday . The stock traded as low as $1.79 and last traded at $1.79. Approximately 313,188 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 384,878 shares. The stock had previously closed at $1.88.

Analyst Upgrades and Downgrades

Several analysts have recently commented on STSS shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Sharps Technology in a research report on Tuesday, April 21st. Wall Street Zen raised Sharps Technology from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sharps Technology presently has an average rating of "Sell".

Sharps Technology Stock Down 4.8%

The company has a market cap of $69.21 million, a price-to-earnings ratio of 0.00 and a beta of 2.08. The stock's 50-day simple moving average is $1.77 and its 200 day simple moving average is $2.55.

Hedge Funds Weigh In On Sharps Technology

Several large investors have recently made changes to their positions in STSS. Schonfeld Strategic Advisors LLC purchased a new position in shares of Sharps Technology during the 3rd quarter worth approximately $9,404,000. Pantera Capital Partners LP acquired a new stake in Sharps Technology in the 3rd quarter valued at approximately $7,498,000. HBK Investments L P purchased a new stake in Sharps Technology in the fourth quarter valued at approximately $1,448,000. Feynman Point Asset Management LLC acquired a new position in Sharps Technology during the fourth quarter worth $1,121,000. Finally, Geode Capital Management LLC lifted its stake in Sharps Technology by 2,349.9% during the fourth quarter. Geode Capital Management LLC now owns 280,372 shares of the company's stock worth $569,000 after purchasing an additional 268,928 shares in the last quarter. 17.17% of the stock is currently owned by institutional investors and hedge funds.

Sharps Technology Company Profile

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.

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