SINTX Technologies Inc (NASDAQ:SINT) shares, rose in value, with the stock price down by -43.77% to the previous day’s close as strong demand from buyers drove the stock to $0.02.
Actively observing the price movement in the last trading, the stock closed the session at $0.04. The value of beta (5-year monthly) was 1.53. Referring to stock’s 52-week performance, its high was $2.19, and the low was $0.03. On the whole, SINT has fluctuated by -83.04% over the past month.
With the market capitalization of SINTX Technologies Inc currently standing at about $0.52 million, investors are eagerly awaiting this quarter’s results, scheduled for May 13, 2024 – May 17, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.72, which is expected to increase to -$0.73 for fiscal year -$2.88 and then to about $0 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $690k, with a low estimate of $690k and a high estimate of $690k. According to the average forecast, sales growth in current quarter could jump up 28.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.8 million, representing an increase of 6.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that SINT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SINT currently trading nearly -77.71% and -84.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 15.96, while the 7-day volatility ratio is showing 13.46% which for the 30-day chart, stands at 9.65%. Furthermore, SINTX Technologies Inc (SINT)’s beta value is 1.43, and its average true range (ATR) is 0.02.
A comparison of SINTX Technologies Inc (SINT) with its peers suggests the former has fared considerably weaker in the market. SINT showed an intraday change of -43.77% in last session, and over the past year, it shrunk by -98.88%%.
Data on historical trading for SINTX Technologies Inc (NASDAQ:SINT) indicates that the trading volumes over the past 10 days have averaged 23.4 million and over the past 3 months, they’ve averaged 4.24 million. According to company’s latest data on outstanding shares, there are 22.68 million shares outstanding.
Nearly 0.05% of SINTX Technologies Inc’s shares belong to company insiders and institutional investors own 20.34% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.19 million shares as on Mar 15, 2024, resulting in a short ratio of 0.08. According to the data, the short interest in SINTX Technologies Inc (SINT) stood at 2.16% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.36 million. The stock has fallen by -93.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SINT stock heading into the next quarter.
