SmileDirectClub Inc. [NASDAQ: SDC] traded at a high on 10/15/20, posting a 2.28 gain after which it closed the day’ session at $12.13. The company report on October 6, 2020 that Smile Direct Club Announces U.S Patents On Toothbrush and Invisible Aligner Innovations.
Electric Toothbrush For Cleaning Teeth and Aligners and Trackable Aligner Case Latest Premium Oral Care Advancements From Teledentistry Leader.
SmileDirectClub, Inc. (Nasdaq: SDC), the oral care company with the first medtech platform for teeth straightening, today announced the United States Patent & Trademark Office (”USPTO”) has granted patents on its Electric Toothbrush with interchangeable aligner head and its trackable aligner case. The patents, U.S. Patent No. 10,786,339 and 10,772,714, represent the teledentistry pioneer’s commitment to category-disrupting innovation across its business, from its core invisible aligner offering to its suite of oral care products.
The results of the trading session contributed to over 5475797 shares changing hands. Over the past one week, the price volatility of SmileDirectClub Inc. stands at 5.35% while the volatility over the past one month is 6.43%.
The market cap for SDC stock reached $4.80 billion, with 109.05 million shares outstanding and 83.27 million shares in the current float. Compared to the average trading volume of 5.62M shares, SDC reached a trading volume of 5475797 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $11.08 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 2.20. 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.
Stifel have made an estimate for SmileDirectClub Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 17, 2020. The new note on the price target was released on September 09, 2020, representing the official price target for SmileDirectClub Inc. stock. Previously, the target price had yet another raise from $9 to $11, while Stifel kept a Buy 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 7.06. The Price to Book ratio for the last quarter was 4.15, with the Price to Cash per share for the same quarter was set at 0.98.
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 -4.49. With this latest performance, SDC shares gained by 3.23% in over the last four-week period, additionally plugging by 160.86% over the last 6 months – not to mention a rise of 21.30% in the past year of trading.
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 59.09, with the RSI for the last a single of trading hit 56.42, and the three-weeks RSI is set at 58.60 for SmileDirectClub Inc. [SDC]. The present Moving Average for the last 50 days of trading for this stock 10.12, while it was recorded at 12.23 for the last single week of trading, and 8.79 for the last 200 days.
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 3.20 and a Current Ratio set at 3.30.
Earnings analysis for SmileDirectClub Inc. [SDC]
With the latest financial reports released by the company, SmileDirectClub Inc. posted -0.89/share EPS, while the average EPS was predicted by analysts to be reported at -0.98/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SDC.
Insider trade positions for SmileDirectClub Inc. [SDC]
There are presently around $856 million, or 69.20% 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 1.10% of the total institutional ownership; FMR LLC, holding 7,249,692 shares of the stock with an approximate value of $87.94 million in SDC stocks shares; and VANGUARD GROUP INC, currently with $83.65 million in SDC stock with ownership of nearly 40.885% of the company’s market capitalization.
Positions in SmileDirectClub Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 88 institutional holders increased their position in SmileDirectClub Inc. [NASDAQ:SDC] by around 15,574,221 shares. Additionally, 76 investors decreased positions by around 14,836,158 shares, while 20 investors held positions by with 40,156,970 shares. The mentioned changes placed institutional holdings at 70,567,349 shares, according to the latest SEC report filing. SDC stock had 50 new institutional investments in for a total of 9,111,406 shares, while 45 institutional investors sold positions of 10,927,881 shares during the same period.