SmileDirectClub (NASDAQ:SDC) Sees Strong Trading Volume

SmileDirectClub, Inc. (NASDAQ:SDC) saw strong trading volume on Friday . 716,233 shares were traded during trading, a decline of 91% from the previous session’s volume of 8,221,785 shares.The stock last traded at $2.31 and had previously closed at $1.97.

Several analysts have recently issued reports on the stock. Craig Hallum cut shares of SmileDirectClub from a “hold” rating to a “sell” rating and lowered their price objective for the company from $8.00 to $3.00 in a research note on Tuesday, November 9th. Credit Suisse Group decreased their price target on shares of SmileDirectClub from $11.00 to $4.00 and set an “outperform” rating for the company in a research report on Friday, January 7th. The Goldman Sachs Group decreased their price target on shares of SmileDirectClub from $4.00 to $2.00 and set a “sell” rating for the company in a research report on Tuesday, November 9th. Loop Capital decreased their price target on shares of SmileDirectClub from $4.00 to $2.00 in a research report on Wednesday, January 5th. Finally, Bank of America decreased their price target on shares of SmileDirectClub from $6.00 to $5.00 and set an “underperform” rating for the company in a research report on Tuesday, November 9th. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.50.

The company has a debt-to-equity ratio of 21.52, a current ratio of 3.21 and a quick ratio of 2.99. The business’s 50-day simple moving average is $3.02 and its two-hundred day simple moving average is $5.08.

SmileDirectClub (NASDAQ:SDC) last posted its quarterly earnings data on Monday, November 8th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08). The firm had revenue of $137.68 million during the quarter, compared to analysts’ expectations of $182.51 million. SmileDirectClub had a negative net margin of 11.91% and a negative return on equity of 45.13%. The business’s quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.11) earnings per share. As a group, equities research analysts predict that SmileDirectClub, Inc. will post -0.82 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of SmileDirectClub in the 2nd quarter valued at about $31,000. Stratos Wealth Partners LTD. raised its stake in shares of SmileDirectClub by 83.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 19,160 shares of the company’s stock valued at $45,000 after purchasing an additional 8,725 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in SmileDirectClub during the third quarter worth about $55,000. Legal & General Group Plc raised its stake in SmileDirectClub by 182.5% during the second quarter. Legal & General Group Plc now owns 6,879 shares of the company’s stock worth $60,000 after acquiring an additional 4,444 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in SmileDirectClub by 24.9% during the third quarter. Commonwealth Equity Services LLC now owns 12,890 shares of the company’s stock worth $68,000 after acquiring an additional 2,569 shares during the period. Institutional investors and hedge funds own 15.03% of the company’s stock.

SmileDirectClub Company Profile (NASDAQ:SDC)

SmileDirectClub, Inc operates as an oral care company. It offers clear aligner therapy treatment. The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a doctor, and monitoring through completion of their treatment with a network of approximately 250 state licensed orthodontists and general dentists through its teledentistry platform, SmileCheck in the United States, Puerto Rico, Canada, Australia, the United Kingdom, New Zealand, Ireland, Hong Kong, Germany, Singapore, Spain, and Austria.

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