Better Times Ahead For Sintx Technologies Inc. (NASDAQ: SINT)?


After grabbing 20659.0 shares, the institutional investor is now in possession of 20659.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.10% having worth around $42558.0. Moreover, Northern Trust Investments, Inc.(.. increased its share by 15412.0 to have a control over 15412.0 shares. And Rockefeller & Co. LLC raised its holdings to 6000.0 shares by acquiring 6000.0 shares or 0.03% of the stake.

Sintx Technologies Inc. (SINT) concluded trading on 08/26/20 at a closing price of $1.65, with 2.18 million shares of worth about $3.6 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -25.34% during that period and on Wednesday the price saw a loss of about -8.33%. Currently the company’s common shares owned by public are about 24.54M shares, out of which, 24.16M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the SINT stock and their offered price forecasts bring an average price target of $4.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $4.50 and could fall to a lowest price of $4.00. Analysts also issued an outlook of 2.00 for the Sintx Technologies Inc. stock for next 12 months. The stock’s current price level is 51.18% above of average price target set by the analysts, while a rise to estimated low would result in gain of 58.75 for the stock. However, touching the estimated high of $4.50 would mean a gain of 63.33% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Vanguard Extended Market Index Fu, USAA Extended Market Index Fund, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Sintx Technologies Inc. Vanguard Extended Market Index Fu is currently holding 43421.0 shares of worth totaling $89447.0. The company recently came buying 37200.0 shares which brought its stake up to 0.21% of the company’s outstanding shares. USAA Extended Market Index Fund bought 1550.0 shares, after which its hold over company’s outstanding shares expand to 0.01%, leaving 1904.0 shares with the mutual fund that have a worth of about $3922.0. Fidelity Extended Market Index Fu, after buying 123.0 shares, have now control over 0.00% of the stake in the company. It holds 0.0 shares of worth $253.0.

Sintx Technologies Inc. (NASDAQ: SINT) started trading at $1.75, below -$0.05 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $1.65, or with a loss of -8.33%. Stock saw a price change of -25.34% in past 5 days and over the past one month there was a price change of -20.29%. Year-to-date (YTD), SINT shares are showing a performance of 10.74% which increased to 15.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.28 but also hit the highest price of $3.30 during that period. While comparing its average daily trading volume of 9.98 million shares, we see that about 2.18 million changed hands on the day. The stock is currently trading -27.95% below its 20-day simple moving average (SMA20), while that difference is down -18.26% for SMA50 and it goes to 30.88% higher than SMA200.

Two Sigma Securities LLC acquired 20659.0 shares of Sintx Technologies Inc. having value of about $42558.0. Sintx Technologies Inc. (NASDAQ: SINT) currently have 24.54M outstanding shares and institutions hold larger chunk of about 0.30% of that. Holding of mutual funds in the company is about 0.16% while other institutional holders and individual stake holders have control over 0.22% and — of the stake respectively.

The stock has a current market capitalization of $42.52M and its 3Y-monthly beta is at 1.73. It has posted earnings per share of -$2.95 in the same period. It has Quick Ratio of 6.00 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SINT, volatility over the week remained 9.91% while standing at 11.03% over the month.

Analysts are in expectations that Sintx Technologies Inc. (SINT) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter ESPS is -$0.09 and it is -$0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.11 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.84 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 92.60% while it is estimated to increase by 69.20% in next year.

Analysts at 2 brokerage firms have issued recommendations for the Sintx Technologies Inc. (SINT)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Ascendiant Capital Markets on September 12, 2019 offering a Buy rating for the stock and assigned a target price of to it.


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