Sintx Technologies (NASDAQ:SINT) Shares Down 5.1% – What’s Next?

Sintx Technologies, Inc. (NASDAQ:SINT) was down 5.1% during trading on Thursday . The company traded as low as $1.85 and last traded at $1.86. 45,626 shares were traded 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 Analysts Forecast Growth

A number of equities research analysts have weighed in on SINT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sintx Technologies in a research report on Tuesday, April 21st. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of Sintx Technologies in a research report on Wednesday, May 20th. Maxim Group reiterated a “buy” rating and issued a $6.00 target price on shares of Sintx Technologies in a report on Thursday, June 4th. Finally, Ascendiant Capital Markets cut their target price 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. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $9.33.

Sintx Technologies Stock Performance

The company has a market capitalization of $8.04 million, a price-to-earnings ratio of -0.37 and a beta of 0.66. The firm has a 50-day simple moving average of $2.28 and a two-hundred day simple moving average of $2.86.

Sintx Technologies (NASDAQ:SINT) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.04). Sintx Technologies had a negative return on equity of 366.49% and a negative net margin of 1,058.60%.The business had revenue of $0.38 million for the quarter, compared to analysts’ expectations of $0.30 million. As a group, equities analysts forecast that Sintx Technologies, Inc. will post -2.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Sintx Technologies

A hedge fund recently raised its position in Sintx Technologies stock. Geode Capital Management LLC raised its holdings in Sintx Technologies, Inc. (NASDAQ:SINT) by 33.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,339 shares of the company’s stock after buying an additional 3,848 shares during the period. Geode Capital Management LLC owned approximately 0.56% of Sintx Technologies worth $49,000 as of its most recent SEC filing. 18.38% of the stock is owned by institutional investors and hedge funds.

Sintx Technologies Company Profile

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.