Sintx Technologies (NASDAQ:SINT) Issues Earnings Results, Misses Estimates By $2.91 EPS

Sintx Technologies (NASDAQ:SINT) issued its earnings results on Wednesday. The company reported ($3.46) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($2.91), FiscalAI reports. Sintx Technologies had a negative return on equity of 211.34% and a negative net margin of 775.12%.The firm had revenue of $0.21 million during the quarter.

Sintx Technologies Stock Performance

Shares of Sintx Technologies stock traded up $0.10 during mid-day trading on Friday, hitting $3.16. 10,135 shares of the stock were exchanged, compared to its average volume of 690,370. The company has a market capitalization of $11.63 million, a P/E ratio of -0.35 and a beta of 0.82. The company has a 50-day simple moving average of $3.99 and a 200 day simple moving average of $3.39. Sintx Technologies has a 12 month low of $1.71 and a 12 month high of $8.60.

Insider Activity at Sintx Technologies

In related news, CIO Gregg R. Honigblum bought 10,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $3.19 per share, for a total transaction of $31,900.00. Following the completion of the transaction, the executive directly owned 74,000 shares in the company, valued at approximately $236,060. The trade was a 15.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric K. Olson purchased 10,475 shares of Sintx Technologies stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $3.58 per share, with a total value of $37,500.50. Following the completion of the transaction, the chief executive officer directly owned 24,975 shares in the company, valued at approximately $89,410.50. This represents a 72.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 79,275 shares of company stock worth $284,891. Insiders own 4.08% of the company’s stock.

Hedge Funds Weigh In On Sintx Technologies

A hedge fund recently raised its stake in Sintx Technologies stock. Geode Capital Management LLC boosted its holdings in shares of Sintx Technologies, Inc. (NASDAQ:SINT) by 33.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 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 have weighed in on the stock. Wall Street Zen downgraded shares of Sintx Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Sintx Technologies in a research report on Wednesday, October 8th. Finally, Ascendiant Capital Markets lowered their price target on Sintx Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.00.

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.