Sintx Technologies (SINT) to Release Earnings on Tuesday

Sintx Technologies (NASDAQ:SINT) will likely be posting its results before the market opens on Tuesday, November 11th. Analysts expect Sintx Technologies to post earnings of ($0.55) per share for the quarter.

Sintx Technologies (NASDAQ:SINT) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.12). The business 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%.

Sintx Technologies Stock Performance

NASDAQ:SINT traded down $0.04 during mid-day trading on Tuesday, hitting $3.31. 30,437 shares of the stock were exchanged, compared to its average volume of 714,394. The stock has a market capitalization of $12.16 million, a price-to-earnings ratio of -0.36 and a beta of 0.82. The firm’s 50-day simple moving average is $4.14 and its 200 day simple moving average is $3.34. Sintx Technologies has a fifty-two week low of $1.71 and a fifty-two week high of $8.60.

Analyst Upgrades and Downgrades

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

Insider Transactions at Sintx Technologies

In related news, CEO Eric K. Olson acquired 10,475 shares of the stock in a transaction on Friday, August 22nd. The stock was acquired at an average cost of $3.58 per share, for a total transaction of $37,500.50. Following the completion of the acquisition, the chief executive officer directly owned 24,975 shares of the company’s stock, valued at approximately $89,410.50. This represents a 72.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CIO Gregg R. Honigblum bought 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, with a total value of $185,000.00. Following the transaction, the executive owned 64,000 shares in the company, valued at $236,800. This trade represents a 357.14% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 69,275 shares of company stock valued at $252,991. 4.08% of the stock is currently owned by company insiders.

Institutional Trading of Sintx Technologies

A hedge fund recently raised its stake in Sintx Technologies stock. Geode Capital Management LLC boosted its stake in Sintx Technologies, Inc. (NASDAQ:SINT) by 33.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,339 shares of the company’s stock after purchasing an additional 3,848 shares during the quarter. Geode Capital Management LLC owned about 0.56% of Sintx Technologies worth $49,000 as of its most recent SEC filing. Institutional investors own 18.38% of the company’s stock.

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.