Sintx Technologies (SINT) to Release Earnings on Tuesday

Sintx Technologies (NASDAQ:SINT) is projected to issue its results before the market opens on Tuesday, November 11th. Analysts expect the company to announce earnings of ($0.55) per share for the quarter.

Sintx Technologies (NASDAQ:SINT) last posted 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). Sintx Technologies had a negative return on equity of 256.59% and a negative net margin of 674.05%.The firm had revenue of $0.15 million during the quarter, compared to analysts’ expectations of $0.40 million.

Sintx Technologies Stock Down 1.0%

Sintx Technologies stock traded down $0.04 during midday trading on Tuesday, reaching $3.31. The stock had a trading volume of 30,437 shares, compared to its average volume of 714,394. Sintx Technologies has a 52-week low of $1.71 and a 52-week high of $8.60. The firm has a market cap of $12.16 million, a price-to-earnings ratio of -0.36 and a beta of 0.82. The company has a fifty day moving average of $4.14 and a 200 day moving average of $3.34.

Insider Buying and Selling at Sintx Technologies

In other news, CEO Eric K. Olson bought 10,475 shares of Sintx Technologies stock in a transaction dated Friday, August 22nd. The stock was bought at an average price of $3.58 per share, for a total transaction of $37,500.50. Following the purchase, the chief executive officer owned 24,975 shares of the company’s stock, valued at approximately $89,410.50. The trade was a 72.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CIO Gregg R. Honigblum bought 50,000 shares of Sintx Technologies stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average price of $3.70 per share, with a total value of $185,000.00. Following the purchase, the executive directly owned 64,000 shares in the company, valued at approximately $236,800. This trade represents a 357.14% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 69,275 shares of company stock valued at $252,991 in the last 90 days. Company insiders own 4.08% of the company’s stock.

Institutional Trading of Sintx Technologies

An institutional investor recently raised its position in Sintx Technologies stock. Geode Capital Management LLC raised its position in Sintx Technologies, Inc. (NASDAQ:SINT) by 33.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,339 shares of the company’s stock after acquiring an additional 3,848 shares during the period. Geode Capital Management LLC owned approximately 0.56% of Sintx Technologies worth $49,000 at the end of the most recent reporting period. Institutional investors own 18.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sintx Technologies in a report on Wednesday, October 8th. Wall Street Zen raised shares of Sintx Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Ascendiant Capital Markets decreased their target price on shares of Sintx Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, September 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.00.

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.