The stock of SmileDirectClub Inc. (NASDAQ:SDC) decreased by -$0.01 on Wednesday to $0.55, down -2.04 percent. The last five days have seen an average of 2,302,336 shares of common stock traded. 7 times new highs were reached in the current year, with a gain of $0.1980. The average number of shares traded over the last 20 days was 3,873,909, while the average volume over the last 50 days totaled 2,571,134.
SDC stock dropped -19.44% since last month. On 08/10/23, the company’s shares reached a one-month low of $0.5000. The stock touched a high of $2.26 on 08/01/23, after rallying from a low of $0.31 in 52 weeks. The price of SDC stock has risen by 56.06% or $0.1980 this year, reaching a new high 7 times. Still, the stock price is down -75.68% from the 52-week high.
Insider Transactions
SDC stock investors should be aware that SmileDirectClub Inc. (SDC) stock had its last reported insider trading activity 56 days ago on Jun 21. On Jun 21, Director WALLMAN RICHARD F sold 135,135 shares at $0.44 each. This transaction resulted in the insider making $58,878. On Mar 29, Rammelt Susan Greenspon sold 350,000 shares at a price of US$0.38. After the transaction, the insider now owns 2,798,818 shares. Director DIMITRIEF ALEXANDER had earlier bought 10,000 shares on Nov 15 for $0.78 a share. The transaction was completed for $7,800.
Valuation Metrics
Beta for the stock is 2.43. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.50, the price-to-book (PB) ratio of 0.85.
Financial Health
For the three months ended June 29, SmileDirectClub Inc.’s quick ratio was 1.60, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 9.98, and the total debt to equity ratio is 9.98. As far as profitability goes, gross margin for the trailing twelve months is 69.30% percent. SmileDirectClub Inc.’s EBITDA margin for the year ended June 29 was -35.43%, whereas its operating margin stood at -57.80% for the same period. Based on annual data, it had gross profit of $327.85 million and revenue of $470.74 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SDC’s return on assets (ROA) during the last 12 months has been -14.60%. There was a -27.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -78.20%.
Earnings Surprise
According to SmileDirectClub Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $100.91 million, while revenues fell by -24.67% to $119.78 million. It was predicted that SmileDirectClub Inc.’s quarterly earnings would be -$0.13, but it ended up being -$0.12, beating the consensus by -8.30%. EBITDA was -$27.59 million for the quarter. Equity owned by shareholders amounts to $402.61 million.
Technical Picture
Here’s a quick look at SmileDirectClub Inc.’s (SDC) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 39.23%, suggesting the stock is Neutral, with a 157.08% historical volatility rate.
The stochastic %K and %D were 12.03% and 10.73% respectively, while the average true range (ATR) was 0.1043. Based on the 14-day stochastic reading of 8.51%, the RSI (14) reading is 43.34%. On the 9-day MACD Oscillator, the stock is at -0.0803, and the 14-day reading is at -0.1617.
Analyst Ratings
SmileDirectClub Inc. (NASDAQ: SDC) was downgraded by Loop Capital to a a Sell rating in its latest research report. The stock was previously rated as a a Hold. Analysts have assigned SmileDirectClub Inc. (SDC) an Hold rating. SDC is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is SDC’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.40 and $1.00, with a median target price of $0.70. In analyzing these forecasts, the average price target given by analysts for SmileDirectClub Inc. (SDC) is $0.70.
