Sonendo (NYSE:SONX) Trading Down 7.1% – Time to Sell?

Sonendo, Inc. (NYSE:SONXGet Free Report)’s share price was down 7.1% on Thursday . The company traded as low as $2.99 and last traded at $3.00. Approximately 318 shares were traded during trading, a decline of 70% from the average daily volume of 1,069 shares. The stock had previously closed at $3.23.

Sonendo Stock Up 17.0 %

The business has a 50-day simple moving average of $2.40 and a two-hundred day simple moving average of $0.87. 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 $1.51 million, a price-to-earnings ratio of -0.05 and a beta of 1.24.

About Sonendo

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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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