Sonendo (NYSE:SONX) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Sonendo, Inc. (NYSE:SONX)’s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $0.68 and traded as low as $0.3717. Sonendo shares last traded at $0.3717, with a volume of 175 shares.

Sonendo Trading Down 71.0%

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.82 and a quick ratio of 1.22. The stock’s 50 day simple moving average is $1.24 and its two-hundred day simple moving average is $0.68. The stock has a market capitalization of $1.78 million, a PE ratio of -0.01 and a beta of 1.81.

Sonendo Company Profile

Sonendo, Inc. is a dental technology company focused on improving root canal treatment through minimally invasive tools and technologies. The company’s flagship product is the GentleWave System, which is designed to clean and disinfect the root canal system using a combination of irrigant activation, fluid dynamics and acoustic energy. The GentleWave System is intended for use by endodontists and general dentists performing nonsurgical root canal procedures. Sonendo also provides related instruments, accessories, consumables, software and clinical education and support to help dental professionals incorporate the system into their practices.