Gregg Honigblum Buys 10,000 Shares of Sintx Technologies (NASDAQ:SINT) Stock

Sintx Technologies, Inc. (NASDAQ:SINT) CIO Gregg Honigblum purchased 10,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average price of $3.19 per share, for a total transaction of $31,900.00. Following the acquisition, the executive owned 74,000 shares in the company, valued at $236,060. This trade represents a 15.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sintx Technologies Stock Performance

Shares of SINT opened at $3.67 on Wednesday. Sintx Technologies, Inc. has a 1 year low of $1.71 and a 1 year high of $8.60. The stock has a market capitalization of $13.51 million, a PE ratio of -0.40 and a beta of 0.82. The stock has a 50-day simple moving average of $4.06 and a 200-day simple moving average of $3.39.

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

Analysts Set New Price Targets

SINT has been the topic of a number of analyst reports. Ascendiant Capital Markets reduced their price objective on shares of Sintx Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, September 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Sintx Technologies in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Sintx Technologies from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.00.

Hedge Funds Weigh In On Sintx Technologies

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of 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 in the last quarter. Veracity Capital LLC boosted its position in shares of 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 purchasing an additional 7,464 shares during the period. Finally, Heights Capital Management Inc. purchased a new position in Sintx Technologies during the 1st quarter worth approximately $162,000. 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.