Is Sonendo Inc halal to invest in?

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.

Is Sonendo Inc a Shariah-compliant stock?

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.

Can Muslims buy shares of Sonendo Inc?

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.

Why is Sonendo Inc classified as NOT HALAL?

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.

How often is the Shariah compliance for Sonendo Inc updated?

The Shariah compliance status of Sonendo Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Sonendo Inc become non-compliant?

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.

Where can I check the Shariah status of Sonendo Inc?

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.

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: Q1, 2024

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.

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

$0.80$0.81

Today's Open

$0.81

Volume

5201.00

P/E Ratio (TTM)

52 Week Range

$0.01$1.52

Market Cap

213.70K

Avg. Volume

982.17

Dividend 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.