Sonendo (NYSE:SONX) Stock Price Down 1% – Here’s What Happened

Sonendo, Inc. (NYSE:SONXGet Free Report)’s stock price was down 1% during mid-day trading on Thursday . The stock traded as low as $1.00 and last traded at $1.00. Approximately 203 shares were traded during trading, a decline of 86% from the average session volume of 1,497 shares. The stock had previously closed at $1.01.

Sonendo Price Performance

The stock has a market capitalization of $4.78 million, a price-to-earnings ratio of -0.01 and a beta of 1.86. The company has a fifty day simple moving average of $0.69 and a 200 day simple moving average of $0.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.22 and a current ratio of 1.82.

Sonendo Company Profile

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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.

Further Reading

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