Sintx Technologies (NASDAQ:SINT) Shares Down 5.1% – Time to Sell?

Sintx Technologies, Inc. (NASDAQ:SINT) fell 5.1% during mid-day trading on Thursday . The stock traded as low as $1.85 and last traded at $1.86. 45,626 shares were traded during trading, a decline of 44% from the average session volume of 81,331 shares. The stock had previously closed at $1.96.

Analyst Ratings Changes

SINT has been the subject of a number of analyst reports. Ascendiant Capital Markets decreased their price objective on shares of Sintx Technologies from $16.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Sintx Technologies in a research note on Wednesday, May 20th. Maxim Group reiterated a “buy” rating and set a $6.00 price target on shares of Sintx Technologies in a report on Thursday, June 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Sintx Technologies in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.33.

Sintx Technologies Trading Up 3.2%

The firm has a market cap of $8.29 million, a price-to-earnings ratio of -0.38 and a beta of 0.66. The stock’s 50 day moving average is $2.26 and its 200 day moving average is $2.85.

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

Hedge Funds Weigh In On Sintx Technologies

An institutional investor recently raised its position in Sintx Technologies stock. Geode Capital Management LLC boosted its position in Sintx Technologies, Inc. (NASDAQ:SINT) by 53.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,624 shares of the company’s stock after purchasing an additional 9,265 shares during the quarter. Geode Capital Management LLC owned about 0.72% of Sintx Technologies worth $103,000 at the end of the most recent reporting period. 18.38% of the stock is currently owned by 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.