Sintx Technologies (NASDAQ:SINT) CIO Acquires $31,900.00 in Stock

Sintx Technologies, Inc. (NASDAQ:SINT) 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 directly owned 74,000 shares of the company’s stock, valued at $236,060. The trade was a 15.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Sintx Technologies Price Performance

Shares of NASDAQ SINT opened at $3.36 on Monday. The stock has a market capitalization of $12.36 million, a PE ratio of -0.37 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 business’s fifty day moving average price is $4.08 and its 200-day moving average price is $3.38.

Sintx Technologies (NASDAQ:SINT) last posted its earnings results on Thursday, August 14th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.79) by ($0.12). The business had revenue of $0.15 million for the quarter, compared to analysts’ expectations of $0.40 million. Sintx Technologies had a negative return on equity of 256.59% and a negative net margin of 674.05%.

Analyst Ratings Changes

SINT has been the topic of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Sintx Technologies in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Sintx Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Ascendiant Capital Markets cut 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. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sintx Technologies currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Institutional Trading of Sintx Technologies

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in Sintx Technologies by 33.5% during the second 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 during the period. Veracity Capital LLC grew its stake in Sintx Technologies by 10.3% in the 3rd quarter. Veracity Capital LLC now owns 79,928 shares of the company’s stock valued at $327,000 after buying an additional 7,464 shares during the last quarter. Finally, Heights Capital Management Inc. acquired a new position in Sintx Technologies during the 1st quarter worth $162,000. 18.38% of the stock is owned by institutional investors.

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.