Sintx Technologies Inc. [NASDAQ: SINT] gained 17.09% on the last trading session, reaching $1.85 price per share at the time. The company report on November 17, 2020 that SINTX Technologies Shares Q3 Business Update and Identifies Growth Opportunities for 2021.
SINTX Technologies, Inc. (www.sintx.com) (NASDAQ: SINT) (“SINTX” or the “Company”), an original equipment manufacturer of silicon nitride ceramic for medical and non-medical applications, shared details on its Q3 business update and new business opportunities ahead.
Throughout the pandemic, SINTX has continued to address the impact of COVID-19 on its business operations. The Company has avoided layoffs and invested in the safety of its employees through new protocols and work from home policies. As such, SINTX has been able to maintain business operations as usual in Q3, except for the reduction in spine sales which we discuss below.
Sintx Technologies Inc. represents 25.55 million in outstanding shares, while the company has a total market value of $40.40 million with the latest information. SINT stock price has been found in the range of $1.55 to $1.91.
If compared to the average trading volume of 1.75M shares, SINT reached a trading volume of 6777203 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Sintx Technologies Inc. [SINT]:
Ascendiant Capital Markets have made an estimate for Sintx Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 12, 2019.
The Average True Range (ATR) for Sintx Technologies Inc. is set at 0.13, with the Price to Sales ratio for SINT stock in the period of the last 12 months amounting to 57.72. The Price to Book ratio for the last quarter was 1.53, with the Price to Cash per share for the same quarter was set at 1.24.
Trading performance analysis for SINT stock
Sintx Technologies Inc. [SINT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.11. With this latest performance, SINT shares dropped by -1.60% in over the last four-week period, additionally plugging by 178.49% over the last 6 months – not to mention a rise of 21.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SINT stock in for the last two-week period is set at 57.17, with the RSI for the last a single of trading hit 62.21, and the three-weeks RSI is set at 53.26 for Sintx Technologies Inc. [SINT]. The present Moving Average for the last 50 days of trading for this stock 1.8186, while it was recorded at 1.6560 for the last single week of trading, and 1.3119 for the last 200 days.
Sintx Technologies Inc. [SINT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Sintx Technologies Inc. [SINT] shares currently have an operating margin of -957.04 and a Gross Margin at +20.03. Sintx Technologies Inc.’s Net Margin is presently recorded at -696.23.
Return on Total Capital for SINT is now -83.23, given the latest momentum, and Return on Invested Capital for the company is -61.98. Return on Equity for this stock declined to -70.54, with Return on Assets sitting at -46.43. When it comes to the capital structure of this company, Sintx Technologies Inc. [SINT] has a Total Debt to Total Equity ratio set at 43.16. Additionally, SINT Total Debt to Total Capital is recorded at 30.15, with Total Debt to Total Assets ending up at 24.54. Long-Term Debt to Equity for the company is recorded at 36.12, with the Long-Term Debt to Total Capital now at 25.23.
Reflecting on the efficiency of the workforce at the company, Sintx Technologies Inc. [SINT] managed to generate an average of -$171,321 per employee. Receivables Turnover for the company is 0.43 with a Total Asset Turnover recorded at a value of 0.07.Sintx Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.80 and a Current Ratio set at 8.80.
Sintx Technologies Inc. [SINT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Sintx Technologies Inc. posted -0.41/share EPS, while the average EPS was predicted by analysts to be reported at -0.57/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 28.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SINT.
An analysis of insider ownership at Sintx Technologies Inc. [SINT]
There are presently around $1 million, or 1.20% of SINT stock, in the hands of institutional investors. The top three institutional holders of SINT stocks are: VANGUARD GROUP INC with ownership of 90,750, which is approximately New of the company’s market cap and around 1.54% of the total institutional ownership; TWO SIGMA INVESTMENTS, LP, holding 39,319 shares of the stock with an approximate value of $73000.0 in SINT stocks shares; and SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC, currently with $54000.0 in SINT stock with ownership of nearly New of the company’s market capitalization.
Positions in Sintx Technologies Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 15 institutional holders increased their position in Sintx Technologies Inc. [NASDAQ:SINT] by around 294,093 shares. Additionally, 2 investors decreased positions by around 56,695 shares, while 7 investors held positions by with 34,885 shares. The mentioned changes placed institutional holdings at 315,903 shares, according to the latest SEC report filing. SINT stock had 12 new institutional investments in for a total of 281,629 shares, while 2 institutional investors sold positions of 56,695 shares during the same period.