Sonendo (NYSE:SONX) Trading Down 15.9% – Here’s What Happened

Sonendo, Inc. (NYSE:SONXGet Free Report) traded down 15.9% during mid-day trading on Wednesday . The company traded as low as $1.74 and last traded at $1.85. 5,192 shares traded hands during mid-day trading, an increase of 152% from the average session volume of 2,064 shares. The stock had previously closed at $2.20.

Sonendo Stock Performance

The firm has a 50 day moving average of $1.62 and a 200-day moving average of $0.61. The company has a market cap of $660,300.00, a P/E ratio of -0.02 and a beta of 1.15. The company has a quick ratio of 1.22, a current ratio of 1.82 and a debt-to-equity ratio of 0.55.

Sonendo Company Profile

(Get Free Report)

Sonendo, Inc, a commercial-stage medical technology company, develops, manufactures, and commercializes devices for root canal therapy in the United States and Canada. It provides GentleWave, a tooth decay treatment, a technology platform designed for cleaning and disinfecting the microscopic spaces within teeth without the need to remove tooth structure.

Further Reading

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