Sonendo (NYSE:SONX) Shares Down 6.3% – Should You Sell?

Sonendo, Inc. (NYSE:SONXGet Free Report)’s share price dropped 6.3% during mid-day trading on Monday . The stock traded as low as $0.70 and last traded at $0.75. Approximately 14,001 shares traded hands during mid-day trading, an increase of 1,008% from the average daily volume of 1,264 shares. The stock had previously closed at $0.80.

Sonendo Price Performance

The company has a 50 day moving average price of $0.41 and a 200-day moving average price of $0.27. The company has a quick ratio of 1.22, a current ratio of 1.82 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.91 million, a price-to-earnings ratio of -0.01 and a beta of 2.19.

Sonendo Company Profile

(Get Free Report)

Sonendo, Inc is a commercial-stage medical technology company focused on transforming root canal procedures through its proprietary, non-invasive cleaning platform. The company’s primary offering, the GentleWave® System, leverages multisonic ultra-cleaning technology to remove bacteria, debris and tissue from the intricate root canal anatomy while minimizing the need for manual instrumentation.

The GentleWave System integrates seamlessly into dental and endodontic practices, delivering enhanced disinfection, improved patient comfort and potentially shorter procedural times compared with conventional techniques.

Featured Stories

Receive News & Ratings for Sonendo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonendo and related companies with MarketBeat.com's FREE daily email newsletter.