Sonendo is a commercial-stage medical technology company. Co. has developed the GentleWave System, a technology platform designed to treat tooth decay by cleaning and disinfecting the microscopic spaces within teeth without the need to remove tooth structure. Co.'s initial focus is on using the GentleWave System for root canal therapy (RCT), that employs a sterilized, single-use procedure instrument, to transform RCT by addressing the limitations of conventional methods. In addition to its GentleWave console and single-use procedure instruments, Co. also provides ancillary single-use products, such as SoundSeal and its Sonendo-branded liquid solution of ethylenediaminetetraacetic acid. We show 4 historical shares outstanding datapoints in our SONX shares outstanding history coverage, used to compute SONX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SONX market cap history over the course of time is important for investors
interested in comparing SONX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SONX versus a peer is one thing; comparing
SONX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SONX can fluctuate over the course of history.
With this page we aim to empower investors researching SONX by allowing them to research the SONX market cap history. |
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Video: The Importance of Market Cap
