Insider Buying: Sintx Technologies (NASDAQ:SINT) CEO Buys $19,720.00 in Stock

Sintx Technologies, Inc. (NASDAQ:SINT) CEO Eric Olson purchased 5,800 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was acquired at an average cost of $3.40 per share, for a total transaction of $19,720.00. Following the completion of the purchase, the chief executive officer owned 30,775 shares in the company, valued at $104,635. The trade was a 23.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sintx Technologies Price Performance

NASDAQ SINT opened at $3.46 on Friday. The company has a market cap of $12.42 million, a P/E ratio of -0.07 and a beta of 0.83. Sintx Technologies, Inc. has a 12 month low of $1.71 and a 12 month high of $8.60. The company has a 50-day moving average of $4.12 and a 200-day moving average of $3.23.

Sintx Technologies (NASDAQ:SINT) last released its earnings results 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). Sintx Technologies had a negative net margin of 674.05% and a negative return on equity of 256.59%. The company had revenue of $0.15 million during the quarter, compared to analysts’ expectations of $0.40 million.

Analyst Ratings Changes

SINT has been the subject of a number of research analyst reports. Ascendiant Capital Markets dropped their price objective on Sintx Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday, September 22nd. Wall Street Zen upgraded Sintx Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Sintx Technologies in a report 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Institutional Trading of Sintx Technologies

A number of institutional investors have recently added to or reduced their stakes in SINT. Geode Capital Management LLC increased its holdings in Sintx Technologies by 33.5% in the 2nd quarter. Geode Capital Management LLC now owns 15,339 shares of the company’s stock valued at $49,000 after purchasing an additional 3,848 shares in the last quarter. Heights Capital Management Inc. acquired a new stake in shares of Sintx Technologies in the first quarter valued at about $162,000. Finally, Veracity Capital LLC acquired a new stake in shares of Sintx Technologies in the second quarter valued at about $233,000. 18.38% of the stock is owned by hedge funds and other institutional investors.

Sintx Technologies Company Profile

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.