Sintx Technologies (NASDAQ:SINT) Shares Down 2.6% – Time to Sell?

Shares of Sintx Technologies, Inc. (NASDAQ:SINT) traded down 2.6% during trading on Thursday . The company traded as low as $1.47 and last traded at $1.52. 61,873 shares changed hands during mid-day trading, The stock had previously closed at $1.56.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of Sintx Technologies in a report on Wednesday, May 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Sintx Technologies in a research note on Friday, July 17th. Ascendiant Capital Markets decreased their price objective on shares of Sintx Technologies from $16.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Finally, Maxim Group reiterated a “buy” rating and issued a $6.00 price objective on shares of Sintx Technologies in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.33.

Sintx Technologies Price Performance

The company has a market capitalization of $6.05 million, a P/E ratio of -0.28 and a beta of 0.63. The business’s 50-day moving average price is $1.97 and its two-hundred day moving average price is $2.56.

Sintx Technologies (NASDAQ:SINT) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.04). The firm had revenue of $0.38 million during the quarter, compared to the consensus estimate of $0.30 million. Sintx Technologies had a negative net margin of 1,058.60% and a negative return on equity of 366.49%. Research analysts expect that Sintx Technologies, Inc. will post -2.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sintx Technologies

A hedge fund recently raised its stake in Sintx Technologies stock. Geode Capital Management LLC increased its holdings in shares of Sintx Technologies, Inc. (NASDAQ:SINT) by 33.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,339 shares of the company’s stock after purchasing an additional 3,848 shares during the period. Geode Capital Management LLC owned approximately 0.56% of Sintx Technologies worth $49,000 at the end of the most recent quarter. 18.38% of the stock is currently owned by hedge funds and other institutional investors.

About Sintx Technologies

Sintx Technologies, Inc (NASDAQ: SINT) is a medical materials company specializing in the development and manufacture of silicon nitride-based biomaterials for surgical and implantable medical devices. Its proprietary silicon nitride ceramic combines mechanical strength, biocompatibility and intrinsic antimicrobial properties, positioning it as an alternative to traditional metal and polymer implant materials. Sintx’s primary focus is on applications in spinal fusion, trauma fixation and dental implantology, where device performance and long-term biological response are critical.

The company’s core product offerings include silicon nitride powders for advanced implant fabrication and finished implantable components designed for interbody spinal fusion cages, spinal fixation hardware and trauma plates and screws.