Sintx Technologies (NASDAQ:SINT) Raised to Hold at Wall Street Zen

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

Several other brokerages have also weighed in on SINT. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sintx Technologies in a research report on Wednesday, October 8th. Ascendiant Capital Markets dropped their price target on Sintx Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, September 22nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Sintx Technologies has a consensus rating of “Hold” and a consensus target price of $25.00.

Sintx Technologies Stock Performance

SINT opened at $3.96 on Friday. Sintx Technologies has a 1 year low of $1.71 and a 1 year high of $8.60. The company’s 50 day simple moving average is $4.09 and its 200 day simple moving average is $3.21. The stock has a market capitalization of $14.22 million, a PE ratio of -0.08 and a beta of 0.83.

Sintx Technologies (NASDAQ:SINT) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.79) by ($0.12). The company had revenue of $0.15 million for 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%.

Insiders Place Their Bets

In related news, CEO Eric K. Olson purchased 10,475 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $3.58 per share, for a total transaction of $37,500.50. Following the acquisition, the chief executive officer owned 24,975 shares in the company, valued at approximately $89,410.50. This trade represents a 72.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CIO Gregg R. Honigblum acquired 50,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was bought at an average cost of $3.70 per share, for a total transaction of $185,000.00. Following the completion of the transaction, the executive directly owned 64,000 shares of the company’s stock, valued at $236,800. This trade represents a 357.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 63,475 shares of company stock valued at $233,271. 4.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sintx Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position 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 acquiring an additional 3,848 shares in the last quarter. Heights Capital Management Inc. acquired a new position in shares of Sintx Technologies during the first quarter worth $162,000. Finally, Veracity Capital LLC purchased a new position in shares of Sintx Technologies in the second quarter valued at $233,000. 18.38% of the stock is owned by institutional investors and hedge funds.

About Sintx Technologies

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.