Sonendo, Inc. (NYSE:SONX – Get Free Report) shares shot up 36.7% during mid-day trading on Tuesday . The stock traded as high as $0.82 and last traded at $0.82. 2,050 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 1,560 shares. The stock had previously closed at $0.60.
Sonendo Price Performance
The stock has a market capitalization of $3.92 million, a P/E ratio of -0.01 and a beta of 2.01. 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 business has a fifty day simple moving average of $0.60 and a 200-day simple moving average of $0.36.
About Sonendo
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.
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