Sintx Technologies (NASDAQ:SINT) Shares Down 5.1% – Should You Sell?
by Doug Wharley · The Cerbat GemSintx Technologies, Inc. (NASDAQ:SINT – Get Free Report) traded down 5.1% during mid-day trading on Thursday . The stock traded as low as $1.85 and last traded at $1.86. Approximately 45,626 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 81,331 shares. The stock had previously closed at $1.96.
Wall Street Analyst Weigh In
Several research analysts recently commented on SINT shares. Maxim Group reissued a “buy” rating and set a $6.00 target price on shares of Sintx Technologies in a research note on Thursday, June 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sintx Technologies in a research report on Tuesday, April 21st. Ascendiant Capital Markets reduced their price target on Sintx Technologies from $16.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective on shares of Sintx Technologies in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.33.
View Our Latest Research Report on SINT
Sintx Technologies Trading Down 5.1%
The firm has a market capitalization of $8.04 million, a price-to-earnings ratio of -0.37 and a beta of 0.66. The stock’s fifty day moving average price is $2.28 and its two-hundred day moving average price is $2.86.
Sintx Technologies (NASDAQ:SINT – Get Free Report) last issued its earnings results on Friday, May 15th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.04). The firm had revenue of $0.38 million for the quarter, compared to analyst estimates of $0.30 million. Sintx Technologies had a negative return on equity of 366.49% and a negative net margin of 1,058.60%. Analysts anticipate that Sintx Technologies, Inc. will post -2.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Sintx Technologies stock. Geode Capital Management LLC grew its holdings in Sintx Technologies, Inc. (NASDAQ:SINT – Free Report) by 33.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,339 shares of the company’s stock after acquiring an additional 3,848 shares during the quarter. Geode Capital Management LLC owned about 0.56% of Sintx Technologies worth $49,000 at the end of the most recent reporting period. 18.38% of the stock is currently owned by institutional investors and hedge funds.
About Sintx Technologies
Sintx Technologies, Inc (NASDAQ: SINT) is a medical materials company specializing in the development and manufacture of silicon nitride-based biomaterials for surgical and implantable medical devices. Its proprietary silicon nitride ceramic combines mechanical strength, biocompatibility and intrinsic antimicrobial properties, positioning it as an alternative to traditional metal and polymer implant materials. Sintx’s primary focus is on applications in spinal fusion, trauma fixation and dental implantology, where device performance and long-term biological response are critical.
The company’s core product offerings include silicon nitride powders for advanced implant fabrication and finished implantable components designed for interbody spinal fusion cages, spinal fixation hardware and trauma plates and screws.