At the last check on Thursday, SmileDirectClub Inc.’s (NASDAQ:SDC) stock was up $0.02, moving up 5.28 percent to $0.49. The average number of shares traded per day over the past five days has been 833,844 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0010 gain in that time frame. In the last twenty days, the average volume was 2,069,621, while in the previous 50 days, it was 2,471,840.
Since last month, SDC stock retreated -43.66%. Shares of the company fell to $0.4201 on 08/29/23, the lowest level in the past month. A 52-week high of $1.35 was reached on 08/01/23 after having rallying from a 52-week low of $0.31. Since the beginning of this year, SDC’s stock price has risen by 39.18% or $0.1351, and marked a new high 7 times. However, the stock has declined by -63.69% since its 52-week high.
SDC stock investors should be aware that SmileDirectClub Inc. (SDC) stock had its last reported insider trading activity 71 days ago on Jun 21. WALLMAN RICHARD F, the Director of the company, disposed of 135,135 shares for $0.44 on Jun 21. It resulted in a $58,878 divestment by the insider. Rammelt Susan Greenspon sold 350,000 shares at an average price of $0.38 on Mar 29. The insider now owns 2,798,818 shares following the transaction. On Nov 15, Director DIMITRIEF ALEXANDER bought 10,000 shares at $0.78 apiece. The transaction was valued at $7,800.
Valuation Metrics
The stock’s beta is 2.44. Besides these, the trailing price-to-sales (P/S) ratio of 0.49, the price-to-book (PB) ratio of 0.75.
Financial Health
In the three months ended June 29, SmileDirectClub Inc.’s quick ratio stood at 1.60, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 9.98, and the total debt-to-equity ratio was 9.98. On the profitability front, the trailing twelve-month gross margin is 69.30% percent. In the year ended June 29, EBITDA margin amounted to -35.43%, whereas operating margins totaled -57.80%. Based on annual data, SDC earned $327.85 million in gross profit and brought in $470.74 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -27.20%. Return on equity (ROE) for the past 12 months was -78.20%.
In SmileDirectClub Inc.’s quarter-end financial report for June 29, it reported total debt of $863.41 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SDC’s revenue fell -24.67% to $119.78 million during the quarter, while net income inched up to $100.91 million. While analysts expected SmileDirectClub Inc. to report -$0.12 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by -8.30%. During the quarter, the company generated -$27.59 million in EBITDA. The liabilities of SmileDirectClub Inc. were 988.82 million at the end of its most recent quarter ended June 29, and its total debt was $883.28 million. The value of shareholders’ equity is $402.61 million.
Technical Picture
This quick technical analysis looks at SmileDirectClub Inc.’s (SDC) price momentum. With a historical volatility rate of 95.00%, the RSI 9-day stood at 40.84% on 30 August.
With respect to its five-day moving average, the current SmileDirectClub Inc. price is up by +0.21% percent or $0.0010. At present, SDC shares trade -44.33% below its 20-day simple moving average and +28.27% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.75% above its SMA50 and -32.44% below its SMA200.
Stochastic coefficient K was 26.67% and Stochastic coefficient D was 17.25%, while ATR was 0.0626. Given the Stochastic reading of 33.62% for the 14-day period, the RSI (14) reading has been calculated as 42.48%. As of today, the MACD Oscillator reading stands at -0.0164, while the 14-day reading stands at -0.0469.
Analyst Ratings
SmileDirectClub Inc. downgraded its rating on SmileDirectClub Inc. (NASDAQ: SDC) to a Sell in a note to investors on March 30, 2022. The analysts firm previously had a Hold rating on the stock.SmileDirectClub Inc. (SDC) has been rated Hold by analysts. According to 1 brokerage firm, SDC is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate SmileDirectClub Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $0.70, the current consensus forecast for the stock is $0.40 – $1.00. Based on these forecasts, analysts predict SmileDirectClub Inc. (SDC) will achieve an average price target of $0.70.
