Sonendo (NYSE:SONX) Stock Price Up 33.3% – Still a Buy?

Shares of Sonendo, Inc. (NYSE:SONXGet Free Report) rose 33.3% during mid-day trading on Friday . The company traded as high as $0.40 and last traded at $0.40. Approximately 248 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 1,299 shares. The stock had previously closed at $0.30.

Sonendo Trading Up 33.3%

The stock has a market cap of $171,600.00, a PE ratio of -0.01 and a beta of 1.40. The business has a 50 day moving average of $0.15 and a 200-day moving average of $0.83. The company has a current ratio of 1.82, a quick ratio of 1.22 and a debt-to-equity ratio of 0.55.

Sonendo Company Profile

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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.

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