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Is Sonendo Inc. (NYSE:SONX), -1043.93% Away From High, Poised For A Strong Comeback?

In recent trading session, Sonendo Inc. (NYSE:SONX) saw 12.88 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $1.07 trading at $0.16 or 17.68% at last check today assigns it a market valuation of $26.02M. That most recent trading price of SONX’s stock is at a discount of -1043.93% from its 52-week high price of $12.24 and is indicating a premium of 19.63% from its 52-week low price of $0.86. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.13 million shares which gives us an average trading volume of 117.01K if we extend that period to 3-months.

For Sonendo Inc. (SONX), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.54 in the current quarter.

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Sonendo Inc. (NYSE:SONX) trade information

Upright in the green today for gaining 17.68%, in the last five days SONX remained trading in the red while hitting it’s week-highest on Friday, 09/23/22 when the stock touched $1.07 price level, adding 15.08% to its value on the day. Sonendo Inc.’s shares saw a change of -84.25% in year-to-date performance and have moved -7.44% in past 5-day. Sonendo Inc. (NYSE:SONX) showed a performance of -21.12% in past 30-days. Number of shares sold short was 0.49 million shares which calculate 3.59 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $4.63 to the stock, which implies a rise of 76.89% to its recent value today. Analysts have been projecting $4.00 as a low price target for the stock while placing it at a high target of $5.50. It follows that stock’s current price would drop -414.02% in reaching the projected high whereas dropping to the targeted low would mean a loss of -273.83% for stock’s current value.

Sonendo Inc. (SONX) estimates and forecasts

Statistics highlight that Sonendo Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -83.45% of value to its shares in past 6 months, showing an annual growth rate of 73.59% while that of industry is -0.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 94.80% in the current quarter and calculating 26.40% increase in the next quarter. This year revenue growth is estimated to rise 25.30% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $9.33 million for the same. And 4 analysts are in estimates of company making revenue of $12.68 million in the next quarter that will end on Dec 2022. Company posted $7.89 million and $9.89 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 18.30% while estimating it to be 28.20% for the next quarter.

In 2022, company’s earnings growth rate is likely to be around -3.90% while estimates for its earnings growth in next 5 years are of 51.80%.

SONX Dividends

Sonendo Inc. is more likely to be releasing its next quarterly report on August 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Sonendo Inc. (NYSE:SONX)’s Major holders

Insiders are in possession of 22.54% of company’s total shares while institution are holding 55.02 percent of that, with stock having share float percentage of 71.03%. Investors also watch the number of corporate investors in a company very closely, which is 55.02% institutions for Sonendo Inc. that are currently holding shares of the company. General Atlantic, L.P. is the top institutional holder at SONX for having 3.27 million shares of worth $3.48 million. And as of Jun 29, 2022, it was holding 12.28% of the company’s outstanding shares.

The second largest institutional holder is Essex Woodlands Management Inc., which was holding about 1.99 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 7.49% of outstanding shares, having a total worth of $2.12 million.

On the other hand, Meridian Small Cap Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 0.9 million shares of worth $0.96 million or 3.37% of the total outstanding shares. The later fund manager was in possession of 0.31 million shares on Jun 29, 2022, making its stake of worth around $0.34 million in the company or a holder of 1.18% of company’s stock.

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