Sharps Technology (STSS, Financial) is set to implement a 1-for-300 reverse stock split of its common shares, with an effective date of April 27, 2025, at 11:59 PM Eastern Time. This strategic move is designed to help the company comply with Nasdaq's minimum bid price requirements and thereby sustain its listing status.
Under this adjustment, the shares will start trading on a post-split basis with the existing ticker symbol "STSS" on the Nasdaq Capital Market from April 28, 2025. The reverse stock split will consolidate every 300 shares into one, while maintaining the par value at $0.0001 per share.
Additionally, the company will adopt a new CUSIP number, 82003F309, for its common stock following the split. This change is part of Sharps Technology's broader effort to enhance its market standing and accessibility to investors. By aligning with listing standards, they aim to foster confidence among shareholders and improve market perceptions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Sharps Technology Inc (STSS, Financial) is $352.00 with a high estimate of $352.00 and a low estimate of $352.00. The average target implies an upside of 1,543,759.65% from the current price of $0.02. More detailed estimate data can be found on the Sharps Technology Inc (STSS) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Sharps Technology Inc's (STSS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
