Should I buy or sell Sonendo stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonendo in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SONX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SONX, but not buy additional shares or sell existing shares. View SONX analyst ratings or view top-rated stocks .

What is Sonendo's stock price target for 2024?

4 Wall Street research analysts have issued twelve-month price objectives for Sonendo's shares. Their SONX share price targets range from $0.40 to $4.60. On average, they predict the company's stock price to reach $1.88 in the next twelve months. This suggests a possible upside of 2,020.3% from the stock's current price. View analysts price targets for SONX or view top-rated stocks among Wall Street analysts .

How have SONX shares performed in 2024?

Sonendo's stock was trading at $0.21 at the beginning of the year. Since then, SONX shares have decreased by 57.9% and is now trading at $0.0884. View the best growth stocks for 2024 here .

When is Sonendo's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024. View our SONX earnings forecast .

How were Sonendo's earnings last quarter?

Sonendo, Inc. (NYSE:SONX) issued its quarterly earnings results on Monday, March, 11th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.03. The firm earned $11.69 million during the quarter, compared to analysts' expectations of $11.72 million. Sonendo had a negative net margin of 138.88% and a negative trailing twelve-month return on equity of 121.92%.

What guidance has Sonendo issued on next quarter's earnings?

Sonendo updated its FY 2024 earnings guidance on Tuesday, March, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $28.0 million-$30.0 million, compared to the consensus revenue estimate of $48.0 million.

When did Sonendo IPO?

Sonendo (SONX) raised $125 million in an initial public offering on Friday, October 29th 2021. The company issued 7,800,000 shares at a price of $15.00-$17.00 per share.

How do I buy shares of Sonendo?

Shares of SONX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:SONX

Sonendo (SONX) Stock Price, News & Analysis

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Free SONX Stock Alerts

$0.09

0.00 (0.00%)

(As of 04/18/2024 ET)

Compare

Today's Range: $0.08
▼
$0.10
50-Day Range: $0.08
▼
$0.20
52-Week Range: $0.05
▼
$1.83

Volume: 183,989 shs
Average Volume: 412,188 shs
Market Capitalization: $6.23 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.88

Get Sonendo alerts:

Sonendo MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 2,020.3% Upside
$1.88 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.36
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.32) to ($0.42) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.58 out of 5 stars

3.1

Analyst's Opinion

Consensus Rating
Sonendo has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Sonendo has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for SONX.

0.0

Dividend Strength

Dividend Yield
Sonendo does not currently pay a dividend.
Dividend Growth
Sonendo does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SONX.

0.9

News and Social Media Coverage

News Sentiment
Sonendo has a news sentiment score of -0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Sonendo this week, compared to 1 article on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sonendo insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 6.41% of the stock of Sonendo is held by insiders.
Percentage Held by Institutions
Only 28.68% of the stock of Sonendo is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Sonendo are expected to decrease in the coming year, from ($0.32) to ($0.42) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sonendo is -0.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sonendo is -0.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Sonendo has a P/B Ratio of 0.20. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Sonendo Stock (NYSE:SONX)

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. The company also offers SoundSeal, a material used to build and create a sealing platform on the top of the crown; and Sonendo-branded liquid solution of ethylenediaminetetraacetic acid EDTA that is used to help debride and disinfect the root canal system. In addition, it provides The Digital Office, a practice management software to enable an integrated digital office for dental practitioners. The company was formerly known as Dentatek Corporation and changed its name to Sonendo, Inc. in March 2011. The company was incorporated in 2006 and is headquartered in Laguna Hills, California.

SONX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SONX Stock News Headlines

April 18, 2024 | investing.com

Sonendo interim CFO sells shares to cover tax obligations

April 14, 2024 | americanbankingnews.com

Head to Head Survey: Sonendo (SONX) vs. Its Rivals

April 19, 2024 | American Alternative (Ad)

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Sonendo (SONX) and The Competition Critical Review

March 28, 2024 | finance.yahoo.com

Sonendo (SONX) Fell in Q4 in a Challenging Macro Purchasing Environment

March 20, 2024 | investing.com

Sonendo CEO sells over $2,200 in company stock to cover taxes

March 12, 2024 | markets.businessinsider.com

Maintaining Hold: Sonendo Struggles with Revenue Shortfalls and Uncertain Outlook

March 12, 2024 | finance.yahoo.com

Sonendo, Inc. (NYSE:SONX) Q4 2023 Earnings Call Transcript

April 19, 2024 | American Alternative (Ad)

Your Money is Not Safe

March 11, 2024 | markets.businessinsider.com

Here's what Wall Street expects from Sonendo's earnings

March 11, 2024 | businesswire.com

Sonendo Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Issues Full Year 2024 Revenue Guidance

March 8, 2024 | finance.yahoo.com

Sonendo Announces Departure of Chief Financial Officer

March 4, 2024 | finance.yahoo.com

Sonendo Divests TDO® Software and Amends Credit Agreement

March 1, 2024 | businesswire.com

Sonendo, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 11, 2024

January 16, 2024 | finance.yahoo.com

Sonendo to Participate at Upcoming Investor Conference

January 9, 2024 | finance.yahoo.com

Sonendo Continues Expanding the Reach of Its GentleWave Procedure; Partners with Dental Purchasing Group

January 3, 2024 | finance.yahoo.com

Sonendo Partners With BEST for Dentistry to Continue Expanding Access to the Innovative GentleWave® Procedure

December 19, 2023 | benzinga.com

Sonendo Stock (OTC:SONX) Dividends: History, Yield and Dates

November 21, 2023 | finance.yahoo.com

NYSE to Commence Delisting Proceedings Against Sonendo, Inc. (SONX)

November 21, 2023 | finance.yahoo.com

Sonendo, Inc. Announces Suspension of NYSE Trading, Will Commence Trading on the OTCQX Effective November 22, 2023

November 14, 2023 | finance.yahoo.com

ArrowMark Colorado Holdings LLC Reduces Stake in Sonendo Inc

November 12, 2023 | finance.yahoo.com

Sonendo, Inc. (NYSE:SONX) Q3 2023 Earnings Call Transcript

November 11, 2023 | benzinga.com

Sonendo Stock (NYSE:SONX), Analyst Ratings, Price Targets, Predictions

November 11, 2023 | markets.businessinsider.com

Sonendo Maintains Buy Rating Despite Revised FY23 Guide: Potential Growth with CleanFlow Launch and GentleWave Expansion

November 10, 2023 | markets.businessinsider.com

Where Sonendo Stands With Analysts

November 10, 2023 | finance.yahoo.com

Need To Know: The Consensus Just Cut Its Sonendo, Inc. (NYSE:SONX) Estimates For 2024

November 8, 2023 | finance.yahoo.com

Sonendo Inc (SONX) Reports Modest Revenue Growth Amidst Economic Challenges

See More Headlines

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Company Calendar

Last Earnings: 3/11/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/10/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Medical
Industry: Dental equipment & supplies
Sub-Industry: N/A
Current Symbol: NYSE:SONX
CUSIP: N/A
CIK: 1407973
Web: www.sonendo.com
Phone: 949-766-3636
Fax: N/A
Employees: 200
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $1.88
High Stock Price Target: $4.60
Low Stock Price Target: $0.40
Potential Upside/Downside: +2,020.3%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.65)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-60,920,000.00
Net Margins: -138.88%
Pretax Margin: -138.87%
Return on Equity: -121.92%
Return on Assets: -58.04%

Debt

Debt-to-Equity Ratio: 0.44
Current Ratio: 1.85
Quick Ratio: 1.53

Sales & Book Value

Annual Sales: $43.87 million
Price / Sales: 0.14
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.45 per share
Price / Book: 0.20

Miscellaneous

Outstanding Shares: 70,450,000
Free Float: 65,934,000
Market Cap: $6.23 million
Optionable: Not Optionable
Beta: 1.65

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Key Executives

Mr. Bjarne Bergheim (Age 49)
President, CEO & Director
Comp: $512.98k
Mr. Olav B. Bergheim (Age 74)
Executive Director
Comp: $40k
Mr. Chris Guo
Interim CFO, VP of Finance & Controller
Mr. John P. McGaugh
Vice President of Operations
Bob Guyatt
Vice President of Marketing
Mr. Roy T. Chen (Age 58)
Chief Talent Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SONX Stock Analysis - Frequently Asked Questions

Should I buy or sell Sonendo stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonendo in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SONX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SONX, but not buy additional shares or sell existing shares.
View SONX analyst ratings or view top-rated stocks.
What is Sonendo's stock price target for 2024?: 4 Wall Street research analysts have issued twelve-month price objectives for Sonendo's shares. Their SONX share price targets range from $0.40 to $4.60. On average, they predict the company's stock price to reach $1.88 in the next twelve months. This suggests a possible upside of 2,020.3% from the stock's current price.
View analysts price targets for SONX or view top-rated stocks among Wall Street analysts.
How have SONX shares performed in 2024?: Sonendo's stock was trading at $0.21 at the beginning of the year. Since then, SONX shares have decreased by 57.9% and is now trading at $0.0884.
View the best growth stocks for 2024 here.
When is Sonendo's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our SONX earnings forecast.

How were Sonendo's earnings last quarter?: Sonendo, Inc. (NYSE:SONX) issued its quarterly earnings results on Monday, March, 11th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.03. The firm earned $11.69 million during the quarter, compared to analysts' expectations of $11.72 million. Sonendo had a negative net margin of 138.88% and a negative trailing twelve-month return on equity of 121.92%.
What guidance has Sonendo issued on next quarter's earnings?: Sonendo updated its FY 2024 earnings guidance on Tuesday, March, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $28.0 million-$30.0 million, compared to the consensus revenue estimate of $48.0 million.
When did Sonendo IPO?: Sonendo (SONX) raised $125 million in an initial public offering on Friday, October 29th 2021. The company issued 7,800,000 shares at a price of $15.00-$17.00 per share.
How do I buy shares of Sonendo?: Shares of SONX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SONX) was last updated on 4/19/2024 by MarketBeat.com Staff

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Sonendo (SONX) Stock Price, News & Analysis

Sonendo MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Sonendo Stock (NYSE:SONX)

SONX Stock Price History

SONX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SONX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™