Sonendo (NYSE:SONX) Shares Up 475% – Here’s Why

Sonendo, Inc. (NYSE:SONX)’s stock price shot up 475% during mid-day trading on Wednesday . The company traded as high as $0.7333 and last traded at $0.23. 444 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 1,005 shares. The stock had previously closed at $0.04.

Sonendo Stock Up 475.0%

The stock has a 50 day moving average price of $0.16 and a 200 day moving average price of $0.20. 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 company has a market capitalization of $98,670.00, a P/E ratio of 0.00 and a beta of 3.69.

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.