Sintx Technologies (NASDAQ:SINT) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Sintx Technologies (NASDAQ:SINT) to a hold rating in a research note published on Friday.

Separately, Ascendiant Capital Markets lowered their target price on Sintx Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday, September 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $25.00.

Sintx Technologies Price Performance

Sintx Technologies stock opened at $4.54 on Friday. The stock’s 50 day moving average is $3.64 and its 200 day moving average is $3.08. The firm has a market cap of $12.53 million, a P/E ratio of -0.09 and a beta of 0.73. Sintx Technologies has a one year low of $1.71 and a one year high of $8.60.

Sintx Technologies (NASDAQ:SINT) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.12). The company had revenue of $0.15 million during the quarter, compared to analyst estimates of $0.40 million. Sintx Technologies had a negative return on equity of 256.59% and a negative net margin of 674.05%.

Insider Activity at Sintx Technologies

In other news, CEO Eric K. Olson acquired 10,475 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was purchased at an average price of $3.58 per share, for a total transaction of $37,500.50. Following the completion of the acquisition, the chief executive officer directly owned 24,975 shares in the company, valued at $89,410.50. The trade was a 72.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CIO Gregg R. Honigblum acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were purchased at an average price of $3.70 per share, with a total value of $185,000.00. Following the acquisition, the executive owned 64,000 shares of the company’s stock, valued at approximately $236,800. This represents a 357.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 63,475 shares of company stock valued at $233,271. Corporate insiders own 4.08% of the company’s stock.

Institutional Investors Weigh In On Sintx Technologies

Several hedge funds and other institutional investors have recently modified their holdings of SINT. Geode Capital Management LLC increased its holdings in shares of Sintx Technologies by 33.5% during the second quarter. Geode Capital Management LLC now owns 15,339 shares of the company’s stock valued at $49,000 after acquiring an additional 3,848 shares in the last quarter. Heights Capital Management Inc. bought a new stake in shares of Sintx Technologies during the first quarter valued at approximately $162,000. Finally, Veracity Capital LLC bought a new stake in shares of Sintx Technologies during the second quarter valued at approximately $233,000. Institutional investors own 18.38% of the company’s stock.

Sintx Technologies Company Profile

Sintx Technologies, Inc, an advanced ceramics company, engages in the research, development, and commercialization of medical devices manufactured with silicon nitride for biomedical, technical, and antipathogenic applications in the United States. It provides solid and porous silicon nitride; silicon nitrite powder; and silicon nitride coating products, as well as silicon nitride composite materials, polyetheretherketone, and polyetherketoneketone.