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SONX Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: July 31, 2024
Report Source: 2024 1st Quarter Report
Sonendo Inc. Stock Analysis SONX
United States Health Care Nano Cap Report: Sonendo, Inc. is a medical technology company, which developed and manufactures the GentleWave System to treat tooth decay. The company is headquartered in Laguna Hills, California and currently employs 131 full-time employees. The company went IPO on 2021-10-29. The firm develops and manufactures 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. The system utilizes a mechanism of action, which combines procedure fluid optimization, broad-spectrum acoustic energy, and advanced fluid dynamics, to dissolve tissue and bacteria using minimal or no instrumentation. Its Product segment includes the sales of the GentleWave System console and related accessories and instruments. The firm also offers ancillary products, such as SoundSeal and its Sonendo-branded liquid solution of ethylenediaminetetraacetic acid (EDTA). SoundSeal is a material used during the GentleWave Procedure to build and create a sealing platform on the top of the crown.
Read More Sonendo Inc (SONX) Chart
Key Statistics of Sonendo Inc (SONX)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
$0.60Volume
1405.00P/E Ratio (TTM)
-52 Week Range
Market Cap
260.71KAvg. Volume
4129.17Dividend Yield
-Financial Metrics & Statements of Sonendo Inc (SONX)
FAQ's for Sonendo Inc (SONX)
- According to Musaffa’s Shariah screening methodology, Sonendo Inc (SONX) is currently classified as NOT HALAL as of July 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Sonendo Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Sonendo Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Sonendo Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Sonendo Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Sonendo Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.