Sonendo (NYSE:SONX) Shares Up 18.2% – Here’s What Happened

Sonendo, Inc. (NYSE:SONXGet Free Report) shares shot up 18.2% during trading on Friday . The stock traded as high as $1.30 and last traded at $1.30. 220 shares traded hands during trading, a decline of 83% from the average daily volume of 1,331 shares. The stock had previously closed at $1.10.

Sonendo Trading Up 18.2%

The company has a 50 day moving average of $0.90 and a 200 day moving average of $0.59. 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 stock has a market capitalization of $6.21 million, a price-to-earnings ratio of -0.02 and a beta of 1.80.

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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