Summary:
- Sharps Technology, Inc. (STSS, Financial) seeks shareholder approval for a reverse stock split to retain its Nasdaq listing.
- The initiative is critical to meet Nasdaq's minimum bid price and avoid transitioning to OTC Markets.
- Analysts predict a significant potential upside based on current price targets.
Sharps Technology, Inc. (STSS) is actively engaging its shareholders to gain support for a proposed reverse stock split. This strategic move is crucial for maintaining its listing on Nasdaq by adhering to the exchange's minimum bid price requirement. Additionally, the company aims to prevent a potential shift to OTC Markets, thereby safeguarding its liquidity. As the March 28, 2025 meeting approaches, shareholder voting becomes increasingly pivotal.
Wall Street Analysts Forecast
Currently, a single analyst has set the one-year price target for Sharps Technology Inc. (STSS, Financial) at $352.00, reflecting both the high and low estimates. This average target suggests a remarkable potential upside of 2,514,185.71% from the current trading price of $0.01. For more in-depth price target information, please visit the Sharps Technology Inc (STSS) Forecast page.
According to the consensus recommendation from one brokerage firm, Sharps Technology Inc. (STSS, Financial) is rated as "Outperform" with an average recommendation score of 2.0 on a scale from 1 to 5. Here, a rating of 1 indicates a 'Strong Buy,' whereas a rating of 5 signals a 'Sell.'
