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What should you know before buying stock in SmileDirectClub Inc. (SDC)

SmileDirectClub Inc. (NASDAQ: SDC) is -15.16% lower on its value in year-to-date trading and has touched a low of $3.64 and a high of $16.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SDC stock was last observed hovering at around $10.50 in the last trading session, with the day’s loss setting it -0.37% off its average median price target of $13.50 for the next 12 months. It is also 46.68% off the consensus price target high of $19.00 offered by 13 analysts, but current levels are -26.63% lower than the price target low of $8.00 for the same period.

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Currently trading at $10.13, the stock is -6.90% and -14.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.6 million and changing -3.52% at the moment leaves the stock -4.55% off its SMA200. SDC registered 150.12% gain for a year compared to 6-month loss of -12.56%. The firm has a 50-day simple moving average (SMA 50) of $11.20 and a 200-day simple moving average (SMA200) of $11.55.

The stock witnessed a -4.43% gain in the last 1 month and extending the period to 3 months gives it a -15.16%, and is -3.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.90% over the week and 6.08% over the month.

SmileDirectClub Inc. (SDC) has around 4000 employees, a market worth around $3.85B and $656.80M in sales. Profit margin for the company is -11.90%. Distance from 52-week low is 178.30% and -37.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.70%).

SmileDirectClub Inc. (SDC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for SmileDirectClub Inc. (SDC) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.10, where 2 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

SmileDirectClub Inc. is expected to release its quarterly report on 08/18/2021 and quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $196.18M over the same period.The EPS is expected to shrink by -138.50% this year, but quarterly earnings will post 29.90% year-over-year.

SmileDirectClub Inc. (SDC) Top Institutional Holders

222 institutions hold shares in SmileDirectClub Inc. (SDC), with 2.31M shares held by insiders accounting for 1.97% while institutional investors hold 67.76% of the company’s shares. The shares outstanding are 114.04M, and float is at 99.33M with Short Float at 30.77%. Institutions hold 66.42% of the Float.

The top institutional shareholder in the company is Clayton, Dubilier & Rice, LLC with over 11.9 million shares valued at $142.12 million. The investor’s holdings represent 10.14% of the SDC Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 7.74 million shares valued at $92.4 million to account for 6.59% of the shares outstanding. The other top investors are FMR, LLC which holds 6.73 million shares representing 5.73% and valued at over $80.35 million, while Victory Capital Management Inc. holds 4.37% of the shares totaling 5.12 million with a market value of $61.18 million.

SmileDirectClub Inc. (SDC) Insider Activity

A total of 12 insider transactions have happened at SmileDirectClub Inc. (SDC) in the last six months, with sales accounting for 3 and purchases happening 9 times. The most recent transaction is an insider sale by Katzman Steven B. ,the company’sChief Operating Officer. SEC filings show that Katzman Steven B. sold 12,000 shares of the company’s common stock on Jan 28 at a price of $16.01 per share for a total of $0.19 million. Following the sale, the insider now owns 0.52 million shares.

SmileDirectClub Inc. disclosed in a document filed with the SEC on Jan 27 that Rammelt Susan Greenspon (EVP, CLO, Secretary) sold a total of 75,000 shares of the company’s common stock. The trade occurred on Jan 27 and was made at $15.00 per share for $1.13 million. Following the transaction, the insider now directly holds 0.28 million shares of the SDC stock.

Still, SEC filings show that on Jan 27, Katzman Steven B. (Chief Operating Officer) disposed off 400,000 shares at an average price of $15.64 for $6.26 million. The insider now directly holds 524,438 shares of SmileDirectClub Inc. (SDC).

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