SmileDirectClub Inc. (NASDAQ:SDC) saw a downside of -9.17% to close Monday at $0.83 after subtracting -$0.08 on the day. The 5-day average trading volume is 7,072,360 shares of the company’s common stock. It has gained $1.0900 in the past week and touched a new high 1 time within the past 5 days. An average of 3,885,495 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,302,078.
SDC’s 1-month performance is 50.55% or $0.2775 on its low of $0.5328 reached on 07/10/23. The company’s shares have touched a 52-week low of $0.31 and high of $2.26, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, SDC has achieved 134.67% or $0.4743 and has reached a new high 7 times. However, the current price is down -63.43% from the 52-week high price.
Insider Transactions
SDC stock investors last saw insider trading activity on Jun 21.WALLMAN RICHARD F (Director) most recently sold 135,135 shares at $0.44 per share on Jun 21. This transaction cost the insider $58,878. EVP, CLO, Secretary, Rammelt Susan Greenspon, sold 350,000 shares at a price of $0.38 on Mar 29.
Valuation Metrics
SDC stock has a beta of 2.33. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.72 while the price-to-book (PB) in the most recent quarter is 1.09.
SmileDirectClub Inc.’s quick ratio for the period ended March 30 was 1.90, with the current ratio over the same period at 2.20. In terms of profitability, the gross margin trailing 12 months is 69.80%. The trailing 12-month EBITDA margin is -35.43% while for the period ending March 30, SmileDirectClub Inc.’s operating margin was -56.90%. The firm’s gross profit as reported stood at $327.85 million against revenue of $470.74 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -5.42% to -$21.42 million, while revenue of -$21.84 million was -1.96% off the previous quarter. Analysts expected SDC to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.16, representing a -23.10% surprise. EBITDA for the quarter stood at more than -$41.72 million. SDC stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 987.48 million, with total debt at $881.53 million. Shareholders hold equity totaling $401.07 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 07 August was 54.49% to suggest the stock is trending Neutral, with historical volatility in this time period at 225.35%.
The stock’s 5-day moving average is $0.9144, reflecting a -3.90% or -$0.0335 change from its current price. SDC is currently trading +41.52% above its 20-day SMA, +87.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +129.14% and SMA200 by-4.48%.
Stochastic %K and %D was 55.22% and 61.29% and the average true range (ATR) pointed at 0.1342. The RSI (14) points at 56.77%, while the 14-day stochastic is at 46.22% with the period’s ATR at 0.1143. The stock’s 9-day MACD Oscillator is pointing at 0.0500 and 0.1021 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for SmileDirectClub Inc. (NASDAQ: SDC), Loop Capital downgraded it to a Sell rating. They previously had a Hold rating on the stock. Analysts offering their rating for SDC stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate SDC as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 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 $0.40 and a high of $1.00, with their median price target at $0.60. Looking at these predictions, the average price target given by analysts is for SmileDirectClub Inc. (SDC) stock is $0.68.
