SmileDirectClub Inc. (NASDAQ:SDC) saw an upside of 0.15% to close Friday at $6.60 after adding $0.01 on the day. The 5-day average trading volume is 24,471,000 shares of the company’s common stock. It has gained $7.09 in the past week. An average of 34,135,051 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 18,779,520.
SDC’s 1-month performance is 23.13% or $1.26 on its low of $5.02 reached on 10/04/21. The company’s shares have touched a 52-week low of $4.63 and high of $16.08, with the stock’s rally to the 52-week high happening on 01/28/21. YTD, SDC has lost -44.72% or -$5.34. However, the current price is down -58.95%% from the 52-week high price.
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On Aug 12, 60 days have gone by since the last insider trading activity for SmileDirectClub Inc. (SDC). CD&R Investment Associates X, (10% Owner) most recently sold 500,000 shares at $5.30 per share on Aug 12. This transaction cost the insider $2,650,000. Chief Operating Officer, Katzman Steven B., sold 12,000 shares at a price of $16.01 on Jan 28. Then, on Jan 27, EVP, CLO, Secretary Rammelt Susan Greenspon sold 75,000 shares at a price of $15.00 per share. This transaction amounted to $1,125,000.
SmileDirectClub Inc. (SDC) has a trailing price-to-earnings (P/E) ratio of 26.30 for the broader industry and 31.93 for the sector.SDC stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.52 while the price-to-book (PB) in the most recent quarter is 3.67.
SmileDirectClub Inc.’s quick ratio for the period ended June 29 was 3.70, with the current ratio over the same period at 3.90 meaning that SDC stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.45, while the total debt to equity was 3.50. In terms of profitability, the gross margin trailing 12 months is 73.60%. The trailing 12-month EBITDA margin is -19.58% while for the period ending June 29; SmileDirectClub Inc.’s operating margin was -24.20%. The firm’s gross profit as reported stood at $449.93 million against revenue of $656.78 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 38.53% to $174.18 million, while revenue of $199.46 million was -14.51% off the previous quarter. Analysts expected SDC to announce -$0.09 per share in earnings in its latest quarter, but it posted -$0.14, representing a -55.60% surprise. EBITDA for the quarter stood at more than -$35.41 million. SDC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 926.31 million, with total debt at $777.49 million. Shareholders hold equity totaling $388.11 million
Let’s look briefly at SmileDirectClub Inc. (SDC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 62.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 124.34%.
The stock’s 5-day moving average is $6.18, reflecting a +20.00% or $1.10 change from its current price. SDC is currently trading +28.16% above its 20-day SMA, -17.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -5.98% and -50.86% respectively.
Stochastic %K and %D was 71.84% and 55.57% and the average true range (ATR) pointed at 0.63. The RSI (14) points at 58.86%, while the 14-day stochastic is at 76.33% with the period’s ATR at 0.60. The stock’s 9-day MACD Oscillator is pointing at 0.80 and 0.71 on the 14-day charts.
Analysts offering their rating for SDC stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate SDC as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is SDC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $11.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for SmileDirectClub Inc. (SDC) stock is $6.95.