Morgan Stanley analyst Erin Wright maintained a Hold rating on Sonendo (SONX – Research Report) today and set a price target of $5.75. The company’s shares opened today at $1.92.
According to TipRanks, Wright is a 5-star analyst with an average return of 16.1% and a 64.69% success rate. Wright covers the Healthcare sector, focusing on stocks such as DENTSPLY SIRONA, Cardinal Health, and Cigna.
Sonendo has an analyst consensus of Moderate Buy, with a price target consensus of $4.08.
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The company has a one-year high of $8.45 and a one-year low of $0.86. Currently, Sonendo has an average volume of 262.5K.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SONX in relation to earlier this year.
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Sonendo Inc is a commercial-stage medical technology company focused on saving teeth from tooth decay, the most prevalent chronic disease globally.
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