Key Points
- CIO Gregg Honigblum bought 65,000 shares on Dec. 5 at an average price of $3.93 (total $255,450), boosting his holdings to 139,000 shares — an 87.84% increase, disclosed in an SEC filing.
- Sintx reported very weak quarterly results, with EPS of ($3.46) versus consensus (‑$0.55), a negative net margin of 775.12% and negative ROE of 218.25%, despite $0.21M in revenue.
- Shares opened at $4.21 (up ~4.5%), the company has a market cap of $15.49M, and analysts' consensus is a Hold with a $16.00 price target (one Buy, one Sell).
Sintx Technologies, Inc. (NASDAQ:SINT - Get Free Report) CIO Gregg Honigblum acquired 65,000 shares of the business's stock in a transaction dated Friday, December 5th. The stock was acquired at an average price of $3.93 per share, for a total transaction of $255,450.00. Following the completion of the transaction, the executive owned 139,000 shares in the company, valued at approximately $546,270. The trade was a 87.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Sintx Technologies Stock Up 4.5%
Shares of Sintx Technologies stock opened at $4.21 on Tuesday. The business has a 50 day moving average of $3.68 and a 200 day moving average of $3.49. Sintx Technologies, Inc. has a 52 week low of $1.71 and a 52 week high of $7.36. The company has a market cap of $15.49 million, a PE ratio of -0.74 and a beta of 0.63.
Sintx Technologies (NASDAQ:SINT - Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($3.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.55) by ($2.91). Sintx Technologies had a negative net margin of 775.12% and a negative return on equity of 218.25%. The company had revenue of $0.21 million for the quarter, compared to analysts' expectations of $0.20 million.
Institutional Investors Weigh In On Sintx Technologies
Several hedge funds have recently bought and sold shares of SINT. Veracity Capital LLC purchased a new stake in Sintx Technologies in the second quarter worth about $233,000. Heights Capital Management Inc. purchased a new position in shares of Sintx Technologies during the first quarter valued at approximately $162,000. Geode Capital Management LLC boosted its position in shares of Sintx Technologies by 33.5% in the 2nd quarter. Geode Capital Management LLC now owns 15,339 shares of the company's stock worth $49,000 after purchasing an additional 3,848 shares in the last quarter. Finally, Virtus Wealth Solutions LLC purchased a new stake in shares of Sintx Technologies in the 3rd quarter worth approximately $388,000. Institutional investors own 18.38% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Sintx Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Sintx Technologies in a report on Wednesday, October 8th. Finally, Ascendiant Capital Markets decreased their target price on Sintx Technologies from $25.00 to $16.00 and set a "buy" rating for the company in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.00.
Get Our Latest Analysis 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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