SINTX Technologies Inc (NASDAQ:SINT) price on Thursday, May 22, fall -7.57% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.81.
A look at the stock’s price movement, the close in the last trading session was $3.04. Turning to its 52-week performance, $22.80 and $1.71 were the 52-week high and 52-week low respectively. Overall, SINT moved 25.45% over the past month.
SINTX Technologies Inc’s market cap currently stands at around $7.05 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 737k for the company’s revenue for the quarter, with a low and high estimate of 574k and 900k respectively. The average forecast suggests down to a -14.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.92M, representing a 1.25% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SINT is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend SINT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SINT’s current price about -1.27% and 7.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.29, while 7-day volatility ratio is 4.02% and 7.35% in the 30-day chart. Further, SINTX Technologies Inc (SINT) has a beta value of 0.76, and an average true range (ATR) of 0.31.
If we refocus on SINTX Technologies Inc (NASDAQ:SINT), historical trading data shows that trading volumes averaged 91.71K over the past 3 months. The company’s latest data on shares outstanding shows there are 2.49 million shares.
The 21.23% of SINTX Technologies Inc’s shares are in the hands of company insiders while institutional holders own 4.18% of the company’s shares. Current price change has pushed the stock -19.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SINT stock continues to rise going into the next quarter.
