In today’s recent session, 1,312,029 shares of the SmileDirectClub, Inc.(NASDAQ:SDC) have been traded, and its beta is 0. Most recently the company’s share price was $12.09, and it changed around $0.19 or 0.02% from the last close, which brings the market valuation of the company to $4.64 Billion. SDC at last check was trading at a discount to its 52-week high of $16.08, offering almost -33% off that amount. The share price’s 52-week low was $3.64, which indicates that the recent value has risen by an impressive 69.89% since then. We note from SmileDirectClub, Inc.’s average daily trading volume that its 10-day average is 5.02 Million shares, with the 3-month average coming to 6.42 Million.
SmileDirectClub, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.1. If we narrow it down even further, the data shows that 1 out of 13 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 2 recommended SDC as a Hold, whereas 9 deemed it a Buy, and 1 rated it as Underweight. SmileDirectClub, Inc. is expected to report earnings per share of -$0.1 for the current quarter.
SmileDirectClub, Inc. (NASDAQ:SDC): Trading Information Today
Instantly SDC has been showing a green trend so far today with a performance of 1.6% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $12.96 on Tuesday, Feb 16 increased the stock’s daily price by 7.18%. The company’s shares are currently up 0.01% year-to-date, but still down -0.055 over the last five days. On the other hand, SmileDirectClub, Inc. (NASDAQ:SDC) is 0.09% up in the 30-day period. We can see from the shorts that 21.05 Million shares have been sold at a short interest cover period of 3.28 day(s).
The consensus price target as assigned by Wall Street analysts is $12.88, which translates to bears needing to increase their stock price by 6.53% from its current value. Analyst projections state that SDC is forecast to be at a low of $8 and a high of $19. In order for the stock price to hit the forecast high, the stock would need to surge +57.15% from its current level, while the stock would need to crash -33.83% from its current level to reach the projected low.
SmileDirectClub, Inc. (SDC) projections and forecasts
SmileDirectClub, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +49.31 percent over the past six months and at a 37.72% annual growth rate that is well above the industry average of 17.1%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +60% in revenue this quarter, and will report an increase of 71.4% in the next quarter. The year-over-year growth rate is expected to be -12.9%, down from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $181.12 Million in revenue for the current quarter. 11 analysts expect SmileDirectClub, Inc. to make $194.41 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarter a year ago was $196.71 Million. Analysts predict that the company’s current quarter sales will drop, forecast at -7.9%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. SmileDirectClub, Inc. earnings are expected to decrease by -54.7% in 2021, but the outlook is negative 0% per year for the next five years.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
SmileDirectClub, Inc. (NASDAQ:SDC)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.55% of SmileDirectClub, Inc. shares, and 71.37% of them are in the hands of institutional investors. The stock currently has a share float of 71.76%. SmileDirectClub, Inc. stock is held by 192 institutions, with Clayton, Dubilier & Rice, LLC being the largest institutional investor. By Dec 30, 2020, it held 10.48% of the shares, which is about 11.9 Million shares worth $142.12 Million.
Vanguard Group, Inc. (The), with 6.18% or 7.01 Million shares worth $81.9 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.