Ascendiant Capital Markets Lowers Sintx Technologies (NASDAQ:SINT) Price Target to $25.00

Sintx Technologies (NASDAQ:SINT) had its price target cut by Ascendiant Capital Markets from $28.00 to $25.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Sintx Technologies Stock Up 0.6%

Sintx Technologies stock opened at $4.91 on Monday. Sintx Technologies has a 12-month low of $1.71 and a 12-month high of $8.60. The firm’s fifty day moving average is $3.57 and its 200 day moving average is $3.06. The company has a market capitalization of $13.55 million, a PE ratio of -0.10 and a beta of 0.73.

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 for the quarter, compared to analyst estimates of $0.40 million.

Insider Activity

In other news, CIO Gregg R. Honigblum bought 50,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was bought at an average price of $3.70 per share, for a total transaction of $185,000.00. Following the completion of the acquisition, the executive directly owned 64,000 shares in the company, valued at approximately $236,800. This trade represents a 357.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric K. Olson bought 10,475 shares of the stock in a transaction dated Friday, August 22nd. The stock was purchased at an average price of $3.58 per share, with a total value of $37,500.50. Following the acquisition, the chief executive officer owned 24,975 shares of the company’s stock, valued at $89,410.50. The trade was a 72.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 63,475 shares of company stock valued at $233,271. 4.08% of the stock is currently owned by corporate insiders.

Institutional Trading of Sintx Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Sintx Technologies by 33.5% in the second 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 during the last quarter. Heights Capital Management Inc. purchased a new stake in shares of Sintx Technologies in the first quarter valued at about $162,000. Finally, Veracity Capital LLC purchased a new stake in shares of Sintx Technologies in the second quarter valued at about $233,000. Hedge funds and other institutional investors own 18.38% of the company’s stock.

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.