Sonendo (NYSE:SONX) Shares Down 15.9% – Should You Sell?

Sonendo, Inc. (NYSE:SONX)’s stock price traded down 15.9% during mid-day trading on Wednesday . The stock traded as low as $1.74 and last traded at $1.85. 5,192 shares traded hands during trading, an increase of 152% from the average session volume of 2,064 shares. The stock had previously closed at $2.20.

Sonendo Stock Performance

The company has a quick ratio of 1.22, a current ratio of 1.82 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average price of $1.62 and a 200 day moving average price of $0.61. The stock has a market cap of $660,300.00, a P/E ratio of -0.02 and a beta of 1.15.

About Sonendo

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.