Market Analysts see SmileDirectClub Inc. [SDC] gaining to $2. Time to buy?

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SmileDirectClub Inc. [NASDAQ: SDC] slipped around -0.16 points on Tuesday, while shares priced at $1.35 at the close of the session, down -10.60%. The company report on May 9, 2022 that SmileDirectClub Reports First Quarter 2022 Financial Results.

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Q1 2022 Revenue Increased 20.1% and Shipments Increased 15.3% vs. Q4 2021.

SmileDirectClub, Inc. (Nasdaq: SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the first quarter ended March 31, 2022. Revenue for the first quarter of 2022 increased 20.1% compared to the fourth quarter of 2021 with gross profit up 32.5% for the same period.

SmileDirectClub Inc. stock is now -42.55% down from its year-to-date (YTD) trading value. SDC Stock saw the intraday high of $1.56 and lowest of $1.24 per share. The company’s 52-week high price is 11.02, which means current price is +8.87% above from all time high which was touched on 03/30/22.

Compared to the average trading volume of 3.72M shares, SDC reached a trading volume of 7435185 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 $2.45 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 3.40. 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.

Loop Capital have made an estimate for SmileDirectClub Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on March 30, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on January 31, 2022, representing the official price target for SmileDirectClub Inc. stock. On November 09, 2021, analysts decreased their price target for SDC shares from 6 to 5.

The Average True Range (ATR) for SmileDirectClub Inc. is set at 0.18, with the Price to Sales ratio for SDC stock in the period of the last 12 months amounting to 0.85. The Price to Book ratio for the last quarter was 0.94, with the Price to Cash per share for the same quarter was set at 0.56.

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 -24.16. With this latest performance, SDC shares dropped by -38.36% in over the last four-week period, additionally sinking by -74.29% over the last 6 months – not to mention a drop of -83.51% 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 24.98, with the RSI for the last a single of trading hit 18.70, and the three-weeks RSI is set at 30.33 for SmileDirectClub Inc. [SDC]. The present Moving Average for the last 50 days of trading for this stock 2.2340, while it was recorded at 1.6780 for the last single week of trading, and 3.6950 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 -39.84 and a Gross Margin at +65.46. SmileDirectClub Inc.’s Net Margin is presently recorded at -16.07.

Return on Equity for this stock declined to -42.72, with Return on Assets sitting at -12.20.

SmileDirectClub Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.60.

Earnings analysis for SmileDirectClub Inc. [SDC]

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SmileDirectClub Inc. go to 34.80%.

Insider trade positions for SmileDirectClub Inc. [SDC]

There are presently around $59 million, or 39.20% of SDC stock, in the hands of institutional investors. The top three institutional holders of SDC stocks are: VANGUARD GROUP INC with ownership of 9,843,591, which is approximately 1.645% of the company’s market cap and around 6.60% of the total institutional ownership; STATE STREET CORP, holding 3,883,916 shares of the stock with an approximate value of $5.87 million in SDC stocks shares; and MORGAN STANLEY, currently with $4.34 million in SDC stock with ownership of nearly 44.582% 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 72 institutional holders increased their position in SmileDirectClub Inc. [NASDAQ:SDC] by around 9,152,908 shares. Additionally, 71 investors decreased positions by around 17,376,136 shares, while 24 investors held positions by with 12,290,849 shares. The mentioned changes placed institutional holdings at 38,819,893 shares, according to the latest SEC report filing. SDC stock had 28 new institutional investments in for a total of 4,352,426 shares, while 31 institutional investors sold positions of 8,562,032 shares during the same period.