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Sonendo Inc. (SONX): Don’t ignore this Blaring Warning Signal

For the readers interested in the stock health of Sonendo Inc. (SONX). It is currently valued at $1.05. When the transactions were called off in the previous session, Stock hit the highs of $0.9851, after setting-off with the price of $0.96. Company’s stock value dipped to $0.88 during the trading on the day. When the trading was stopped its value was $0.91.Recently in News on September 23, 2022, Sonendo, Inc. Announces $63 Million Private Placement. Sonendo, Inc. (NYSE: SONX), a leading dental technology company and developer of the GentleWave® System, today announced a private placement of common stock and pre-funded warrants, resulting in gross proceeds of $63 million. New and existing investors, including Pura Vida Investments, First Light Asset Management, Blue Water Life Science Advisors, ArrowMark Partners, Driehaus Capital Management, and JMR Capital participated in the financing. You can read further details here

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Sonendo Inc. shares are logging -91.42% during the 52-week period from high price, and 22.09% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.86 and $12.24.

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The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 14399831 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Sonendo Inc. (SONX) recorded performance in the market was -84.25%, having the revenues showcasing -50.43% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 26.02M, as it employees total of 219 workers.

Analysts verdict on Sonendo Inc. (SONX)

During the last month, 0 analysts gave the Sonendo Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.8687, with a change in the price was noted -2.15. In a similar fashion, Sonendo Inc. posted a movement of -66.77% for the period of last 100 days, recording 265,315 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SONX is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.59.

Sonendo Inc. (SONX): Technical Analysis

Raw Stochastic average of Sonendo Inc. in the period of last 50 days is set at 16.54%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 38.89%. In the last 20 days, the company’s Stochastic %K was 23.28% and its Stochastic %D was recorded 20.80%.

Let’s take a glance in the erstwhile performances of Sonendo Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -84.25%. The shares increased approximately by -7.44% in the 7-day charts and went up by -21.12% in the period of the last 30 days. Common stock shares were lifted by -50.43% during last recorded quarter.

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