Streetbeat News

STSS

Sharps Technology, Inc.

Industry

Medical - Instruments & Supplies

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. The company was incorporated in 2017 and is based in Melville, New York.

Open

0.26

Mkt cap

2.4M

Volume

3.3M

High

0.26

P/E Ratio

-0.03

52-wk high

18.15

Low

0.20

Div yield

N/A

52-wk low

0.20

Sharps Technology, Inc. (NASDAQ: STSS) has entered into a 5-year sales agreement with a U.S. medical products company, generating over $50M in new revenue for its EU facility. The agreement sells out the 10mL SoloGard production capacity and necessitates expansion to meet future demand.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 12:34 pm

U.S. stocks traded mostly higher with the Nasdaq Composite gaining over 150 points. Key movers included Koss Corporation, Macy’s, Sharps Technology, NIO Inc., Eshallgo Inc., and XPeng Inc. Gold and silver prices rose, while oil prices fell.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 7:35 pm

NIO Inc. (NYSE:NIO) shares fell 8.5% after the resignation of CFO Steven Wei Feng. Other notable movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 120%, Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) up 70.5%, and Macy’s, Inc. (NYSE:M) up 10.4% due to an increased acquisition bid. XPeng Inc. (NYSE:XPEV) declined 10% after announcing vehicle delivery figures.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 4:59 pm

U.S. stocks traded mostly higher with the Nasdaq Composite gaining over 100 points. Key movers included Koss Corporation, Macy’s, Sharps Technology, NIO Inc., Eshallgo Inc., and XPeng Inc. Nonfarm payrolls increased by 206,000, slightly above expectations.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 4:11 pm

Shares of Sharps Technology Inc (NASDAQ:STSS) are trading higher on Friday with a significant volume of 15.17 million. The company received two purchase orders for approximately 1 million SecureGard ultra-low waste smart safety syringes. The first shipment is scheduled for the third week of July, with deliveries continuing throughout 2024. The customer is a Swiss-based provider of injectable therapies. This collaboration could leverage Sharps' technology and expertise to support the customer's growing product offerings. The market for innovative injection solutions is growing rapidly, and Sharps is seeing increasing interest due to issues with Chinese-supplied syringes. Sharps is also expanding its manufacturing capacity in the U.S. STSS shares are up 8.76% at $0.2520.

Portfolio Pulse from Vandana Singh

July 05, 2024 | 3:02 pm

Shares of Sharps Technology, Inc. (NASDAQ:STSS) surged 31.7% in pre-market trading after receiving two purchase orders for approximately one million SecureGard syringes for 2024 delivery. Other notable pre-market movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 53%, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) up 18.7%, and Adamas One Corp. (NASDAQ:JEWL) down 19.3%.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

The article highlights significant intraday movements in health care stocks on Thursday. Notable gainers include Qualigen Therapeutics (QLGN), Sharps Technology (STSS), and Autonomix Medical (AMIX), while Reshape Lifesciences (RSLS) and CNS Pharma (CNSP) were among the losers.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:00 pm

Sharps Technology shares are trading higher after the company announced it received two purchase orders for a total of approximately one million SecureGard syringes for 2024 delivery.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:07 pm

Sharps Technology, Inc. (NASDAQ: STSS) has received purchase orders for 1 million SecureGard ultra-low waste smart safety syringes from a Swiss-based provider of injectable therapies. The first 100k units will be shipped in late July, with the rest delivered throughout Q3 and Q4 of 2024. This marks the beginning of a potential long-term partnership.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:06 pm

Sharps Technology has shipped its first orders for Securegard disposable smart safety syringes, marking a significant milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 12:35 pm

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