SINTX Technologies Inc (NASDAQ: SINT) Defies Bearish Expectations and Displays Strong Future Potential

In the last trading session, 1.94 million SINTX Technologies Inc (NASDAQ:SINT) shares changed hands as the company’s beta touched 1.56. With the company’s per share price at $0.15 changed hands at -$0.01 or -8.50% during last session, the market valuation stood at $1.28M. SINT’s last price was a discount, traded about -2346.67% off its 52-week high of $3.67. The share price had its 52-week low at $0.13, which suggests the last value was 13.33% up since then. When we look at SINTX Technologies Inc’s average trading volume, we note the 10-day average is 6.91 million shares, with the 3-month average coming to 1.29.

SINTX Technologies Inc (NASDAQ:SINT) trade information

Instantly SINT was in red as seen at the end of in last trading. With action -5.67%, the performance over the past five days has been red. The drop to weekly highs of 0.1699 subtracted -8.50% to the stock’s daily price. The company’s shares are showing year-to-date downside of -61.59%, with the 5-day performance at -5.67% in the red. However, in the 30-day time frame, SINTX Technologies Inc (NASDAQ:SINT) is -62.62% down. Looking at the short shares, we see there were 0.3 million shares sold at short interest cover period of 0.11 days.

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SINTX Technologies Inc (SINT) estimates and forecasts

Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for SINTX Technologies Inc will rise 97.80%, while the growth in revenue is estimated to hit 53.20% for the next quarter. Year-over-year growth is forecast to reach 57.60% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $800k. 1 analysts are of the opinion that SINTX Technologies Inc’s revenue for the quarter ending Mar 2024 will be $690k. The company’s revenue for the corresponding quarters a year ago was $765k and $539k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.60%. The estimates for the next quarter sales put growth at 28.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 63.51%. The 2024 estimates are for SINTX Technologies Inc earnings to increase by 96.19%.

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