SmileDirectClub, Inc. (NASDAQ:SDC) has a beta value of 0 and has seen 13,467,880 shares traded in the recent trading session. The company, currently valued at $3.31 Billion, closed the recent trade at $8.49 per share which meant it lost -$2.14 on the day or -20.08% during that session. The SDC stock price is -89.4% off its 52-week high price of $16.08 and 53.95% above the 52-week low of $3.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.94 Million shares traded. The 3-month trading volume is 6.58 Million shares.
The consensus among analysts is that SmileDirectClub, Inc. (SDC) is an Overweight stock at the moment, with a recommendation rating of 2.1. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 13 have rated it as a Hold, with 9 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.09.
SmileDirectClub, Inc. (NASDAQ:SDC) trade information
Despite being -20.08% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the SDC stock price touched $11.75- or saw a rise of 26.77%. Year-to-date, SmileDirectClub, Inc. shares have moved -27.93%, while the 5-day performance has seen it change -24.12%. Over the past 30 days, the shares of SmileDirectClub, Inc. (NASDAQ:SDC) have changed -18.05%. Short interest in the company has seen 29.45 Million shares shorted with days to cover at 4.48.
Wall Street analysts have a consensus price target for the stock at $12.75, which means that the shares’ value could jump 50.18% from the levels at last check today. The projected low price target is $8 while the price target rests at a high of $19. In that case, then, we find that the latest price level in today’s session is +123.79% off the targeted high while a plunge would see the stock lose -5.77% from the levels at last check today.
SmileDirectClub, Inc. (SDC) estimates and forecasts
Figures show that SmileDirectClub, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +14.42% over the past 6 months, with this year growth rate of 59.72%, compared to 20.6% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 67.9% and 72% for the next quarter. Revenue growth from the last financial year stood is estimated to be +29.9%.
Earnings growth for 2021 is a modest -138.5% while over the next 5 years, the company’s earnings are expected to increase by 43.1%.
SmileDirectClub, Inc. (NASDAQ:SDC)’s Major holders
Insiders own 1.98% of the company shares, while shares held by institutions stand at 66.7% with a share float percentage of 68.05%. Investors are also buoyed by the number of investors in a company, with SmileDirectClub, Inc. having a total of 223 institutions that hold shares in the company. The top two institutional holders are Clayton, Dubilier & Rice, LLC with over 11.9 Million shares worth more than $142.12 Million. As of December 30, 2020, Clayton, Dubilier & Rice, LLC held 10.07% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 7.74 Million shares as of December 30, 2020. The firm’s total holdings are worth over $92.4 Million and represent 6.55% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Advisor Growth Opportunities Fund and Vanguard Total Stock Market Index Fund. As of February 27, 2021, the former fund manager holds about 3.02% shares in the company for having 3568228 shares of worth $41.39 Million while later fund manager owns 2.61 Million shares of worth $31.15 Million as of December 30, 2020, which makes it owner of about 2.21% of company’s outstanding stock.