Saturday, January 23, 2021

BofA/Merrill slashes price target on SmileDirectClub Inc. [SDC] – find out why.

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SmileDirectClub Inc. [NASDAQ: SDC] jumped around 0.18 points on Monday, while shares priced at $7.54 at the close of the session, up 2.45%. SmileDirectClub Inc. stock is now -13.73% down from its year-to-date (YTD) trading value. SDC Stock saw the intraday high of $7.6399 and lowest of $7.01 per share. The company’s 52-week high price is 21.10, which means current price is +107.14% above from all time high which was touched on 02/13/20.

Compared to the average trading volume of 9.71M shares, SDC reached a trading volume of 4520413 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about SmileDirectClub Inc. [SDC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SDC shares is $8.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SDC stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA/Merrill have made an estimate for SmileDirectClub Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on May 14, 2020. While these analysts kept the previous recommendation, Goldman dropped their target price from $9 to $3. The new note on the price target was released on April 07, 2020, representing the official price target for SmileDirectClub Inc. stock. Previously, the target price had yet another raise to $9, while UBS analysts kept a Neutral rating on SDC stock.

The Average True Range (ATR) for SmileDirectClub Inc. is set at 0.80, with the Price to Sales ratio for SDC stock in the period of the last 12 months amounting to 3.67. The Price to Book ratio for the last quarter was 9.08, with the Price to Cash per share for the same quarter was set at 0.60.

How has SDC stock performed recently?

SmileDirectClub Inc. [SDC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.87. With this latest performance, SDC shares gained by 7.71% in over the last four-week period, additionally sinking by -3.33% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SDC stock in for the last two-week period is set at 50.73, with the RSI for the last a single of trading hit 44.62, and the three-weeks RSI is set at 50.45 for SmileDirectClub Inc. [SDC]. The present Moving Average for the last 50 days of trading for this stock 6.69, while it was recorded at 7.78 for the last single week of trading.

SmileDirectClub Inc. [SDC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and SmileDirectClub Inc. [SDC] shares currently have an operating margin of -65.33 and a Gross Margin at +74.08. SmileDirectClub Inc.’s Net Margin is presently recorded at -15.26.

Return on Total Capital for SDC is now -87.40, given the latest momentum, and Return on Invested Capital for the company is -24.28. Return on Equity for this stock declined to -36.28, with Return on Assets sitting at -15.90. When it comes to the capital structure of this company, SmileDirectClub Inc. [SDC] has a Total Debt to Total Equity ratio set at 62.60. Additionally, SDC Total Debt to Total Capital is recorded at 38.50, with Total Debt to Total Assets ending up at 23.55. Long-Term Debt to Equity for the company is recorded at 51.98, with the Long-Term Debt to Total Capital now at 31.97.

Receivables Turnover for the company is 4.25 with a Total Asset Turnover recorded at a value of 1.04.SmileDirectClub Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.30.

Insider trade positions for SmileDirectClub Inc. [SDC]

There are presently around $529 million, or 71.50% of SDC stock, in the hands of institutional investors. The top three institutional holders of SDC stocks are: CLAYTON, DUBILIER & RICE, LLC with ownership of 26,903,123, which is approximately 0% of the company’s market cap and around 0.90% of the total institutional ownership; FMR LLC, holding 6,827,130 shares of the stock with an approximate value of $50.25 million in SDC stocks shares; and VANGUARD GROUP INC, currently with $36.02 million in SDC stock with ownership of nearly -0.664% of the company’s market capitalization.

Positions in SmileDirectClub Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 97 institutional holders increased their position in SmileDirectClub Inc. [NASDAQ:SDC] by around 19,722,512 shares. Additionally, 74 investors decreased positions by around 30,659,820 shares, while 11 investors held positions by with 21,551,936 shares. The mentioned changes placed institutional holdings at 71,934,268 shares, according to the latest SEC report filing. SDC stock had 58 new institutional investments in for a total of 12,925,569 shares, while 49 institutional investors sold positions of 21,569,810 shares during the same period.

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