Why SiNtx Technologies Stock Is Soaring

SiNtx Technologies, Inc. SINT shares are trading higher Wednesday. The company reported its first-quarter financial results Tuesday.

The Details:

Sintx reported quarterly losses of 11 cents per share, missing the consensus estimate of losses of 7 cents. Quarterly sales came in at $687,000, below the $690,000 estimate. 

According to SEC filings, Sintx shareholders approved a proposed reverse stock split of all of the company's issued and outstanding shares at a ratio of not less than 1-for-100 and not greater than 1-for-300, as determined by the board of directors. 

Sintx shares are racing higher on heavy trading volume Wednesday. According to data from Benzinga Pro, more than 464 million shares have been traded in the session, compared to the stock’s 100-day average of 35.013 million shares.

Related News: What’s Going On With Nikola’s Stock?

How To Buy SINT Stock:

By now you're likely curious about how to participate in the market for Sintx Technologies – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

SINT Price Action: According to Benzinga Pro, Sintx Technologies shares are up 124% at 12 cents at the time of publication Wednesday.

Image: Gerd Altmann from Pixabay