NYSE:SONX

Sonendo (SONX) Stock Forecast, Price & News

$1.22

+0.01 (+0.83%)

(As of 06/9/2023 ET)

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Today's Range: $1.18
▼
$1.22
50-Day Range: $1.06
▼
$2.01
52-Week Range: $0.86
▼
$2.95

Volume: 37,105 shs
Average Volume: 61,691 shs
Market Capitalization: $62.57 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.31

Sonendo MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 171.5% Upside
$3.31 Price Target
Short Interest: Bearish
1.48% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$80,000 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.60) to ($0.47) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.14 out of 5 stars

Medical Sector

372nd out of 988 stocks

Dental Equipment & Supplies Industry

4th out of 5 stocks

3.4

Analyst's Opinion

Consensus Rating
Sonendo 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/Downside
According 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 Coverage
Sonendo has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.48% of the float of Sonendo has been sold short.
Short Interest Ratio / Days to Cover
Sonendo has a short interest ratio ("days to cover") of 4.2.
Change versus previous month
Short interest in Sonendo has recently increased by 6.05%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Sonendo does not currently pay a dividend.
Dividend Growth
Sonendo does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SONX.

N/A

News and Social Media Coverage

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 6.41% of the stock of Sonendo is held by insiders.
Percentage Held by Institutions
52.06% of the stock of Sonendo is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Sonendo are expected to grow in the coming year, from ($0.60) to ($0.47) per share.
Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
Sonendo has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sonendo (NYSE:SONX) Stock

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 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.

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SONX Stock News Headlines

May 31, 2023 | finance.yahoo.com

Sonendo to Participate at the Goldman Sachs 44th Annual Global Healthcare Conference

May 23, 2023 | finance.yahoo.com

Sonendo, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08

June 10, 2023 | Vantage Point (Ad)

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May 18, 2023 | finance.yahoo.com

Sonendo to Participate at the Stifel 2023 Jaws & Paws Conference

May 11, 2023 | msn.com

Morgan Stanley Maintains Sonendo (SONX) Equal-Weight Recommendation

May 11, 2023 | msn.com

Goldman Sachs Maintains Sonendo (SONX) Buy Recommendation

May 11, 2023 | markets.businessinsider.com

Analyst Ratings for Sonendo

May 10, 2023 | finance.yahoo.com

Sonendo Surpasses 1,000 GentleWave® Systems in the Market

June 10, 2023 | Vantage Point (Ad)

Trade Smarter: Discover Hidden Opportunities w/ A.I.

May 9, 2023 | seekingalpha.com

Sonendo GAAP EPS of -$0.16 misses by $0.01, revenue of $10.7M beats by $0.2M

May 9, 2023 | finance.yahoo.com

Sonendo, Inc. (SONX) Reports Q1 Loss, Tops Revenue Estimates

May 2, 2023 | americanbankingnews.com

Sonendo (SONX) to Release Earnings on Tuesday

April 29, 2023 | americanbankingnews.com

Short Interest in Sonendo, Inc. (NYSE:SONX) Decreases By 13.8%

April 26, 2023 | finance.yahoo.com

Sonendo Sponsors Save Your Tooth Month 2023 in Partnership with the American Association of Endodontists (AAE); Will Also Participate in the 2023 AAE Annual Meeting

April 18, 2023 | finance.yahoo.com

A Piece Of The Puzzle Missing From Sonendo, Inc.'s (NYSE:SONX) Share Price

April 18, 2023 | finance.yahoo.com

Sonendo, Inc. to Report First Quarter 2023 Financial Results on May 9, 2023

April 6, 2023 | seekingalpha.com

Sonendo COO Andrew Kirkpatrick steps down to pursue new opportunities

April 5, 2023 | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on Sonendo (SONX)

March 22, 2023 | finance.yahoo.com

Vamsi Pudipeddi of Sonendo, Inc. (NYSE:SONX) Just Spent US$80k On Shares

March 13, 2023 | msn.com

Looking Into Sonendo's Return On Capital Employed

March 10, 2023 | finance.yahoo.com

Sonendo Full Year 2022 Earnings: Beats Expectations

March 10, 2023 | finance.yahoo.com

Sonendo, Inc. (NYSE:SONX) Q4 2022 Earnings Call Transcript

March 8, 2023 | finance.yahoo.com

Sonendo, Inc. (SONX) Reports Q4 Loss, Tops Revenue Estimates

March 7, 2023 | msn.com

Earnings Preview For Sonendo

March 7, 2023 | finance.yahoo.com

After Plunging -15.02% in 4 Weeks, Here's Why the Trend Might Reverse for Sonendo, Inc. (SONX)

February 28, 2023 | finance.yahoo.com

Sonendo Continues to Invest in University Endodontic Programs, Research and Development Initiatives and Professional Education

February 20, 2023 | finance.yahoo.com

With 36% ownership, Sonendo, Inc. (NYSE:SONX) has piqued the interest of institutional investors

See More Headlines

SONX Price History

30 days | 90 days | 365 days | Advanced Chart

SONX Company Calendar

Last Earnings: 5/09/2023
Today: 6/10/2023
Next Earnings (Estimated): 8/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Dental equipment & supplies
Sub-Industry: N/A
Sector: Medical
Current Symbol: NYSE:SONX
CUSIP: N/A
CIK: 1407973
Web: www.sonendo.com
Phone: 949-766-3636
Fax: N/A
Employees: 219
Year Founded: N/A

Price 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 Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.32)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net 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 Ratio: 0.54
Current Ratio: 6.99
Quick Ratio: 5.94

Sales & Book Value

Annual Sales: $41.66 million
Price / Sales: 1.50
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.65 per share
Price / Book: 0.74

Miscellaneous

Outstanding Shares: 51,290,000
Free Float: 48,001,000
Market Cap: $62.57 million
Optionable: Not Optionable
Beta: 1.79

Key Executives

Mr. Bjarne Bergheim (Age 48)
Pres, CEO & Director
Comp: $619.04k

Mr. Olav B. Bergheim (Age 73)
Exec. Director
Comp: $10k

Mr. Michael J. Smith (Age 42)
Chief Commercial Officer
Comp: $397.01k

Mr. Michael P. Watts (Age 54)
Chief Financial Officer

Mr. Andrew Kirkpatrick (Age 60)
Chief Operating Officer

Bob Guyatt
VP of Marketing

Mr. Roy T. Chen (Age 57)
Chief Talent Officer

Mr. Chris Guo
VP of Fin. & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SONX Stock - Frequently Asked Questions

Should I buy or sell Sonendo stock right now?: 4 Wall Street 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 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 Wall Street analysts have issued 1-year target prices for Sonendo's stock. Their SONX share price forecasts range from $2.25 to $5.50. On average, they anticipate the company's stock price to reach $3.31 in the next twelve months. 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 stock has 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) announced its earnings results on Tuesday, May, 9th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by $0.01. The business had revenue of $10.72 million for the quarter, compared to analyst estimates of $10.71 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 updated its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share 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 initial public offering (IPO) on Friday, October 29th 2021. The company issued 7,800,000 shares at a price of $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 many different retail and institutional investors. Top institutional investors 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 6/10/2023 by MarketBeat.com Staff

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