NYSE:SONX Sonendo (SONX) Stock Forecast, Price & News $1.22 -0.05 (-3.94%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$1.21▼$1.2650-Day Range$1.06▼$2.0152-Week Range$0.86▼$2.95Volume9,802 shsAverage Volume92,130 shsMarket Capitalization$62.57 millionP/E RatioN/ADividend YieldN/APrice Target$3.31 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Sonendo MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside171.5% Upside$3.31 Price TargetShort InterestBearish1.48% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$80,000 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.60) to ($0.47) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.00 out of 5 starsMedical Sector1225th out of 1,980 stocksDental Equipment & Supplies Industry7th out of 10 stocks 3.4 Analyst's Opinion Consensus RatingSonendo has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.31, Sonendo has a forecasted upside of 171.5% from its current price of $1.22.Amount of Analyst CoverageSonendo has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.48% of the float of Sonendo has been sold short.Short Interest Ratio / Days to CoverSonendo has a short interest ratio ("days to cover") of 4.2.Change versus previous monthShort interest in Sonendo has recently increased by 6.05%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldSonendo does not currently pay a dividend.Dividend GrowthSonendo does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SONX. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Sonendo this week, compared to 1 article on an average week. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Sonendo insiders have bought 234.42% more of their company's stock than they have sold. Specifically, they have bought $80,000.00 in company stock and sold $23,922.00 in company stock.Percentage Held by Insiders11.60% of the stock of Sonendo is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions52.06% of the stock of Sonendo is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Sonendo are expected to grow in the coming year, from ($0.60) to ($0.47) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sonendo is -0.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Sonendo is -0.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSonendo has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Sonendo (NYSE:SONX) StockSonendo, 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 device for cleaning and disinfecting the microscopic spaces within teeth without the need to remove tooth structure. The company also offers SoundSeal, a material used to build and create a sealing platform on the top of the crown; and Sonendo-branded liquid solution of EDTA that is used to help debride and disinfect the root canal system. In addition, it provides The Digital Office, a practice management software to enable an integrated digital office for dental practitioners. The company was formerly known as Dentatek Corporation and changed its name to Sonendo, Inc. in March 2011. Sonendo, Inc. was incorporated in 2006 and is headquartered in Laguna Hills, California.Read More Receive SONX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Sonendo and its competitors with MarketBeat's FREE daily newsletter. Email Address SONX Stock News HeadlinesMay 31, 2023 | finance.yahoo.comSonendo to Participate at the Goldman Sachs 44th Annual Global Healthcare ConferenceMay 23, 2023 | finance.yahoo.comSonendo, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08June 2, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. May 18, 2023 | finance.yahoo.comSonendo to Participate at the Stifel 2023 Jaws & Paws ConferenceMay 11, 2023 | msn.comMorgan Stanley Maintains Sonendo (SONX) Equal-Weight RecommendationMay 11, 2023 | msn.comGoldman Sachs Maintains Sonendo (SONX) Buy RecommendationMay 11, 2023 | markets.businessinsider.comAnalyst Ratings for SonendoMay 10, 2023 | finance.yahoo.comSonendo Surpasses 1,000 GentleWave® Systems in the MarketJune 2, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. May 9, 2023 | seekingalpha.comSonendo GAAP EPS of -$0.16 misses by $0.01, revenue of $10.7M beats by $0.2MMay 9, 2023 | finance.yahoo.comSonendo, Inc. (SONX) Reports Q1 Loss, Tops Revenue EstimatesMay 2, 2023 | americanbankingnews.comSonendo (SONX) to Release Earnings on TuesdayApril 29, 2023 | americanbankingnews.comShort Interest in Sonendo, Inc. (NYSE:SONX) Decreases By 13.8%April 26, 2023 | finance.yahoo.comSonendo Sponsors Save Your Tooth Month 2023 in Partnership with the American Association of Endodontists (AAE); Will Also Participate in the 2023 AAE Annual MeetingApril 18, 2023 | finance.yahoo.comA Piece Of The Puzzle Missing From Sonendo, Inc.'s (NYSE:SONX) Share PriceApril 18, 2023 | finance.yahoo.comSonendo, Inc. to Report First Quarter 2023 Financial Results on May 9, 2023April 6, 2023 | seekingalpha.comSonendo COO Andrew Kirkpatrick steps down to pursue new opportunitiesApril 5, 2023 | markets.businessinsider.comPiper Sandler Keeps Their Buy Rating on Sonendo (SONX)March 22, 2023 | finance.yahoo.comVamsi Pudipeddi of Sonendo, Inc. (NYSE:SONX) Just Spent US$80k On SharesMarch 13, 2023 | msn.comLooking Into Sonendo's Return On Capital EmployedMarch 10, 2023 | finance.yahoo.comSonendo Full Year 2022 Earnings: Beats ExpectationsMarch 10, 2023 | finance.yahoo.comSonendo, Inc. (NYSE:SONX) Q4 2022 Earnings Call TranscriptMarch 8, 2023 | finance.yahoo.comSonendo, Inc. (SONX) Reports Q4 Loss, Tops Revenue EstimatesMarch 7, 2023 | msn.comEarnings Preview For SonendoMarch 7, 2023 | finance.yahoo.comAfter Plunging -15.02% in 4 Weeks, Here's Why the Trend Might Reverse for Sonendo, Inc. (SONX)February 28, 2023 | finance.yahoo.comSonendo Continues to Invest in University Endodontic Programs, Research and Development Initiatives and Professional EducationFebruary 20, 2023 | finance.yahoo.comWith 36% ownership, Sonendo, Inc. (NYSE:SONX) has piqued the interest of institutional investorsSee More Headlines SONX Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SONX Company Calendar Last Earnings3/08/2023Today6/02/2023Next Earnings (Estimated)8/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Dental equipment & supplies Sub-IndustryN/A SectorMedical Current SymbolNYSE:SONX CUSIPN/A CIK1407973 Webwww.sonendo.com Phone949-766-3636FaxN/AEmployees219Year FoundedN/APrice Target and Rating Average Stock Price Forecast$3.31 High Stock Price Forecast$5.50 Low Stock Price Forecast$2.25 Forecasted Upside/Downside+171.5%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.32) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-57,050,000.00 Net Margins-131.26% Pretax Margin-131.26% Return on Equity-79.60% Return on Assets-46.26% Debt Debt-to-Equity Ratio0.54 Current Ratio6.99 Quick Ratio5.94 Sales & Book Value Annual Sales$41.66 million Price / Sales1.50 Cash FlowN/A Price / Cash FlowN/A Book Value$1.34 per share Price / Book0.91Miscellaneous Outstanding Shares51,290,000Free Float45,339,000Market Cap$62.57 million OptionableNot Optionable Beta1.79 Key ExecutivesMr. Bjarne Bergheim (Age 48)Pres, CEO & Director Comp: $619.04kMr. Olav B. Bergheim (Age 73)Exec. Director Comp: $10kMr. Michael J. Smith (Age 42)Chief Commercial Officer Comp: $397.01kMr. Michael P. Watts (Age 54)Chief Financial Officer Mr. Andrew Kirkpatrick (Age 60)Chief Operating Officer Bob GuyattVP of MarketingMr. Roy T. Chen (Age 57)Chief Talent Officer Mr. Chris GuoVP of Fin. & ControllerMore ExecutivesKey CompetitorsSmileDirectClubNASDAQ:SDCDyadic InternationalNASDAQ:DYAISocietal CDMONASDAQ:SCTLBolt BiotherapeuticsNASDAQ:BOLTMiNK TherapeuticsNASDAQ:INKTView All CompetitorsInsiders & InstitutionsJPMorgan Chase & Co.Bought 259,082 shares on 5/18/2023Ownership: 1.224%Geode Capital Management LLCBought 55,401 shares on 5/16/2023Ownership: 0.641%Masters Capital Management LLCBought 225,000 shares on 5/15/2023Ownership: 3.412%Boothbay Fund Management LLCBought 215,000 shares on 5/15/2023Ownership: 0.419%XTX Topco LtdBought 19,494 shares on 5/15/2023Ownership: 0.038%View All Insider TransactionsView All Institutional Transactions SONX Stock - Frequently Asked Questions Should I buy or sell Sonendo stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sonendo in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SONX shares. View SONX analyst ratings or view top-rated stocks. What is Sonendo's stock price forecast for 2023? 4 equities research analysts have issued 1 year price objectives for Sonendo's shares. Their SONX share price forecasts range from $2.25 to $5.50. On average, they expect the company's share price to reach $3.31 in the next year. This suggests a possible upside of 171.5% from the stock's current price. View analysts price targets for SONX or view top-rated stocks among Wall Street analysts. How have SONX shares performed in 2023? Sonendo's stock was trading at $2.83 at the start of the year. Since then, SONX shares have decreased by 56.9% and is now trading at $1.22. View the best growth stocks for 2023 here. When is Sonendo's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023. View our SONX earnings forecast. How were Sonendo's earnings last quarter? Sonendo, Inc. (NYSE:SONX) posted its earnings results on Wednesday, March, 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.10. The business had revenue of $12.23 million for the quarter, compared to analysts' expectations of $11.63 million. Sonendo had a negative trailing twelve-month return on equity of 79.60% and a negative net margin of 131.26%. What guidance has Sonendo issued on next quarter's earnings? Sonendo issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $48.00 million-$51.00 million, compared to the consensus revenue estimate of $49.94 million. When did Sonendo IPO? (SONX) raised $125 million in an IPO on Friday, October 29th 2021. The company issued 7,800,000 shares at $15.00-$17.00 per share. What is Sonendo's stock symbol? Sonendo trades on the New York Stock Exchange (NYSE) under the ticker symbol "SONX." Who are Sonendo's major shareholders? Sonendo's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Masters Capital Management LLC (3.41%), HighMark Wealth Management LLC (1.30%), JPMorgan Chase & Co. (1.22%), Wedbush Securities Inc. (0.71%), Geode Capital Management LLC (0.64%) and Boothbay Fund Management LLC (0.42%). Insiders that own company stock include Andrew J Kirkpatrick, Anthony P Bihl III, Atlantic LP General, Bjarne Bergheim, Jacqueline Arnold Collins, Mehrezad Khakpour, Michael John Smith, Michael Patrick Watts, Roy T Chen and Vamsi Mohan Raj Pudipeddi. View institutional ownership trends. How do I buy shares of Sonendo? Shares of SONX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Sonendo's stock price today? One share of SONX stock can currently be purchased for approximately $1.22. How much money does Sonendo make? Sonendo (NYSE:SONX) has a market capitalization of $62.57 million and generates $41.66 million in revenue each year. The company earns $-57,050,000.00 in net income (profit) each year or ($1.32) on an earnings per share basis. How many employees does Sonendo have? The company employs 219 workers across the globe. How can I contact Sonendo? The official website for the company is www.sonendo.com. The company can be reached via phone at 949-766-3636 or via email at ir@sonendo.com. This page (NYSE:SONX) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Sonendo, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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