Smiledirectclub Inc (NASDAQ:SDC) shares traded -53.45% lower at $0.08 on Wall Street last session.
In accordance with the data, 5 analysts cover Smiledirectclub Inc (NASDAQ:SDC). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $0.50, we find $0.80. Given the previous closing price of $0.16, this indicates a potential upside of 400.0 percent. SDC stock price is now -86.15% away from the 50-day moving average and -84.68% away from the 200-day moving average. The market capitalization of the company currently stands at $10.05M.
It has been rated a hold by 4 analysts and a buy by 0. Brokers who have rated the stock have averaged $0.78 as their price target over the next twelve months.
With the price target maintained at $2, Loop Capital recently Downgraded its rating from Hold to Sell for Smiledirectclub Inc (NASDAQ: SDC).
In other news, WALLMAN RICHARD F, Director sold 135,135 shares of the company’s stock on Jun 21. The stock was sold for $58,878 at an average price of $0.44. Upon completion of the transaction, the Director now directly owns 336,318 shares in the company, valued at $26905.44. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 29, EVP, CLO, Secretary Rammelt Susan Greenspon sold 350,000 shares of the business’s stock. A total of $133,175 was realized by selling the stock at an average price of $0.38. This leaves the insider owning 2,798,818 shares of the company worth $0.22 million. Insiders disposed of 245,434 shares of company stock worth roughly $19634.72 over the past 1 year. A total of 6.88% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SDC stock. A new stake in Smiledirectclub Inc shares was purchased by TWINBEECH CAPITAL LP during the first quarter worth $7,000. XTX TOPCO LTD invested $4,000 in shares of SDC during the first quarter. In the first quarter, ENGINEERS GATE MANAGER LP acquired a new stake in Smiledirectclub Inc valued at approximately $2,000. CORNERSTONE WEALTH MANAGEMENT, LLC acquired a new stake in SDC for approximately $1,000. In total, there are 115 active investors with 13.00% ownership of the company’s stock.
Smiledirectclub Inc (NASDAQ: SDC) opened at $0.1200 on Tuesday. During the past 12 months, Smiledirectclub Inc has had a low of $0.14 and a high of $1.09. As of last week, the company has a debt-to-equity ratio of 10.21, a current ratio of 1.90, and a quick ratio of 1.54. The fifty day moving average price for SDC is $0.5295 and a two-hundred day moving average price translates $0.4875 for the stock.
The latest earnings results from Smiledirectclub Inc (NASDAQ: SDC) was released for Jun, 2023. According to the Medical Instruments & Supplies Company, earnings per share came in at -$0.13, missing analysts’ expectations of -$0.12 by -0.01. This compares to -$0.17 EPS in the same period last year. The net profit margin was -19.94% and return on equity was -72.63% for SDC. The company reported revenue of $101.8 million for the quarter, compared to $125.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.08 percent. For the current quarter, analysts expect SDC to generate $109.41M in revenue.
Smiledirectclub Inc(SDC) Company Profile
SmileDirectClub, Inc., an oral care company, offers clear aligner therapy treatment. The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a customer’s dentist or orthodontist, and facilitating remote clinical monitoring through a network of orthodontists and general dentists through its proprietary teledentistry platform, SmileCheck in the United States, Puerto Rico, Canada, Australia, the United Kingdom, New Zealand, Ireland, Hong Kong, Germany, Singapore, France, Spain, and Austria. It also offers aligners, impression and whitening kits, whitening gels, and retainers; and toothbrushes, toothpastes, water flossers, SmileSpa, and various ancillary oral care products. The company was founded in 2014 and is headquartered in Nashville, Tennessee. On September 29, 2023, SmileDirectClub, Inc. along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
