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Maxim Group Sticks to Its Buy Rating for Sintx Technologies (SINT)

In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on Sintx Technologies (SINTResearch Report), with a price target of $1.00. The company’s shares closed yesterday at $0.56.

According to TipRanks, Sullivan is a 5-star analyst with an average return of 16.7% and a 43.60% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Seanergy Maritime, Euroseas, and Globus Maritime.

Sintx Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $1.00.

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Based on Sintx Technologies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $80 thousand and a GAAP net loss of $2.51 million. In comparison, last year the company earned a revenue of $101 thousand and had a GAAP net loss of $2.2 million

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SINTX Technologies, Inc. operates as a commercial biomaterial company. It focuses on using silicon nitride technology platform to develop, manufacture and sell a range of medical devices. The firm markets spinal fusion products and develops products for use in total hip and knee joint replacements. Its FDA-cleared and CE-marked spine products are marketed in the U.S. and selected markets in Europe and South America. The company was founded by Aaron A. Hofmann and Ashok C. Khandkar in 1996 and is headquartered in Salt Lake City, UT.

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