Sonendo (NYSE:SONX) Trading 538.3% Higher – Here’s What Happened

Sonendo, Inc. (NYSE:SONX)’s share price shot up 538.3% during mid-day trading on Wednesday . The company traded as high as $0.31 and last traded at $0.30. 1,256 shares were traded during mid-day trading, a decline of 14% from the average session volume of 1,455 shares. The stock had previously closed at $0.0470.

Sonendo Stock Up 538.3%

The company’s 50 day simple moving average is $0.24 and its 200-day simple moving average is $0.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.22 and a current ratio of 1.82. The firm has a market capitalization of $128,700.00, a PE ratio of 0.00 and a beta of 3.73.

Sonendo Company Profile

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.