Ascendiant Capital Markets Issues Pessimistic Forecast for Sintx Technologies (NASDAQ:SINT) Stock Price

Sintx Technologies (NASDAQ:SINT) had its price objective lowered by Ascendiant Capital Markets from $25.00 to $16.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Ascendiant Capital Markets’ target price would suggest a potential upside of 275.59% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sintx Technologies in a report on Wednesday, October 8th. Wall Street Zen cut shares of Sintx Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.00.

Sintx Technologies Price Performance

Shares of NASDAQ SINT opened at $4.26 on Monday. The company has a market cap of $15.69 million, a price-to-earnings ratio of -0.75 and a beta of 0.63. The stock’s 50-day moving average is $3.69 and its two-hundred day moving average is $3.50. Sintx Technologies has a 1-year low of $1.71 and a 1-year high of $7.36.

Sintx Technologies (NASDAQ:SINT) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($3.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($2.91). Sintx Technologies had a negative return on equity of 218.25% and a negative net margin of 775.12%.The company had revenue of $0.21 million for the quarter, compared to analyst estimates of $0.20 million.

Insiders Place Their Bets

In related news, CIO Gregg R. Honigblum acquired 8,200 shares of Sintx Technologies stock in a transaction dated Monday, December 8th. The stock was acquired at an average price of $4.26 per share, for a total transaction of $34,932.00. Following the transaction, the executive owned 201,067 shares of the company’s stock, valued at $856,545.42. This represents a 4.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 89,000 shares of company stock worth $342,002 over the last 90 days. 4.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sintx Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in 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 acquiring an additional 3,848 shares during the last quarter. Veracity Capital LLC increased its position in shares of Sintx Technologies by 10.3% during the third quarter. Veracity Capital LLC now owns 79,928 shares of the company’s stock worth $327,000 after purchasing an additional 7,464 shares in the last quarter. Heights Capital Management Inc. purchased a new stake in shares of Sintx Technologies in the 1st quarter valued at about $162,000. Finally, Virtus Wealth Solutions LLC acquired a new stake in shares of Sintx Technologies in the 3rd quarter valued at about $388,000. 18.38% of the stock is currently owned by institutional investors and hedge funds.

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.