Key Points
- CIO Gregg Honigblum purchased 10,000 shares on November 7 at an average price of $3.19, increasing his stake by 15.63% to 74,000 shares valued at about $236,060.
- Sintx is financially strained with a market capitalization of $13.10 million, quarterly EPS of -$0.91, a revenue miss and an extremely negative net margin (~674%), signaling ongoing losses.
- Analysts are mixed—the consensus rating is Hold despite an average price target of $25 (one Buy, one Sell)—and institutional investors own roughly 18.38% of the stock.
Sintx Technologies, Inc. (NASDAQ:SINT - Get Free Report) CIO Gregg Honigblum purchased 10,000 shares of the firm's stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $3.19 per share, with a total value of $31,900.00. Following the completion of the transaction, the executive owned 74,000 shares in the company, valued at $236,060. This trade represents a 15.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Sintx Technologies Stock Performance
Sintx Technologies stock opened at $3.56 on Tuesday. The firm has a market capitalization of $13.10 million, a PE ratio of -0.39 and a beta of 0.82. Sintx Technologies, Inc. has a one year low of $1.71 and a one year high of $8.60. The stock's 50 day moving average price is $4.07 and its 200 day moving average price is $3.38.
Sintx Technologies (NASDAQ:SINT - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.12). The firm had revenue of $0.15 million during the quarter, compared to analyst estimates of $0.40 million. Sintx Technologies had a negative net margin of 674.05% and a negative return on equity of 256.59%.
Institutional Trading of Sintx Technologies
Several institutional investors and hedge funds have recently bought and sold shares of SINT. Geode Capital Management LLC increased its position in shares of Sintx Technologies by 33.5% in the second quarter. Geode Capital Management LLC now owns 15,339 shares of the company's stock worth $49,000 after acquiring an additional 3,848 shares in the last quarter. Heights Capital Management Inc. purchased a new stake in Sintx Technologies in the 1st quarter worth approximately $162,000. Finally, Veracity Capital LLC acquired a new stake 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.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Sintx Technologies in a report on Wednesday, October 8th. Wall Street Zen cut shares of Sintx Technologies from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Ascendiant Capital Markets dropped their target price on Sintx Technologies from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $25.00.
Check Out Our Latest Stock Report on Sintx Technologies
About Sintx Technologies
(
Get Free Report)
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.
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