Sintx Technologies Insider Confidence Rewarded, Stock Hits US$17m Market Cap

Insiders who bought Sintx Technologies, Inc. (NASDAQ:SINT) stock in the last 12 months were richly rewarded last week. The company's market value increased by US$2.3m as a result of the stock's 13% gain over the same period. As a result, their original purchase of US$330.9k worth of stock is now worth US$527.4k.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

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Sintx Technologies Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Chief Investment Officer & Director Gregg Honigblum for US$185k worth of shares, at about US$3.75 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$4.93. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months Sintx Technologies insiders were buying shares, but not selling. Their average price was about US$3.09. It is certainly positive to see that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Sintx Technologies

Sintx Technologies is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insiders At Sintx Technologies Have Bought Stock Recently

Over the last quarter, Sintx Technologies insiders have spent a meaningful amount on shares. In total, insiders bought US$233k worth of shares in that time, and we didn't record any sales whatsoever. This is a positive in our book as it implies some confidence.

Insider Ownership Of Sintx Technologies

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 6.3% of Sintx Technologies shares, worth about US$1.1m, according to our data. But they may have an indirect interest through a corporate structure that we haven't picked up on. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Sintx Technologies Insider Transactions Indicate?

It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Sintx Technologies insiders are expecting a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 6 warning signs for Sintx Technologies (2 are significant!) and we strongly recommend you look at them before investing.

But note: Sintx Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.