Sintx Technologies (NASDAQ:SINT) Stock Rating Lowered by Wall Street Zen

Sintx Technologies (NASDAQ:SINT) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other equities research analysts also recently commented on SINT. Ascendiant Capital Markets cut their target price on shares of Sintx Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sintx Technologies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.00.

Sintx Technologies Stock Performance

NASDAQ SINT opened at $3.27 on Friday. Sintx Technologies has a fifty-two week low of $1.71 and a fifty-two week high of $8.60. The stock has a market cap of $12.03 million, a PE ratio of -0.36 and a beta of 0.82. The firm’s fifty day moving average price is $4.08 and its two-hundred day moving average price is $3.36.

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

Insiders Place Their Bets

In other news, CEO Eric K. Olson bought 10,475 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were acquired 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 approximately $89,410.50. This represents a 72.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CIO Gregg R. Honigblum purchased 50,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were purchased at an average cost of $3.70 per share, for a total transaction of $185,000.00. Following the transaction, the executive directly owned 64,000 shares of the company’s stock, valued at approximately $236,800. The trade was a 357.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 69,275 shares of company stock worth $252,991. Insiders own 4.08% of the company’s stock.

Institutional Investors Weigh In On Sintx Technologies

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Sintx Technologies by 33.5% in the second quarter. Geode Capital Management LLC now owns 15,339 shares of the company’s stock valued at $49,000 after buying an additional 3,848 shares during the period. Heights Capital Management Inc. bought a new stake in shares of Sintx Technologies in the 1st quarter valued at $162,000. Finally, Veracity Capital LLC acquired a new position in shares of Sintx Technologies during the 2nd quarter valued at $233,000. Institutional investors and hedge funds 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.