Yet having too rich of a valuation isn’t the only reason SDC stock has experienced big declines. You can lay much of the blame on the Covid-19 pandemic. The outbreak and its lockdowns put demand for its services on hold.
Is SmileDirectClub (SDC) stock a buy?
Nov 09, 2021 · Earlier in the regular trading session, SDC’s stock remained unchanged. SDC shares have fallen 48.02% over the last 12 months, and they have moved down 2.42% in the past week. Over the past three months, the stock has gained 3.35%, while over the past six months, it has lost 35.86%. Let’s have a brief look at its recent news.
Why did SDC stock Spike 16% on September 13?
Aug 13, 2021 · The stock of SmileDirectClub ( SDC 2.71% ) is tanking after a dismal second-quarter earnings report and hasn't recovered. At the end of the trading session on Thursday, the stock was down 23.9% for...
Is SDC stock a short-squeeze play?
Sep 23, 2021 · The most recent set of earnings for SDC were not well received by the market, with several investment banks cutting price targets afterwards, and investors selling the stock.
Should value hunters buy SmileDirectClub stock on sale?
Nov 17, 2021 · Moreover, as if that wasn’t bad enough, SmileDirectClub’s share price looked like it might drop below $5 in early November. Then a trap door opened and SDC stock plummeted to the $4 area on ...
Why is smile Direct Club stock dropping?
Key Points. The company had 31.6% lower revenue in 2021 compared to 2020. Smile Direct has not had a profitable quarter since it went public in 2019. The company's lower revenue numbers led to a selling spree among investors.Mar 3, 2022
Is SDC a good stock to buy?
Out of 10 analysts, 0 (0%) are recommending SDC as a Strong Buy, 1 (10%) are recommending SDC as a Buy, 6 (60%) are recommending SDC as a Hold, 1 (10%) are recommending SDC as a Sell, and 2 (20%) are recommending SDC as a Strong Sell. What is SDC's earnings growth forecast for 2022-2024?
What happened to smile direct?
Shares in Smile Direct Club (NASDAQ: SDC) dropped 15.4% this week, according to data provided by S&P Global Market Intelligence. The company released its fourth-quarter and 2021 year-end earnings report after the markets closed on Monday. The company reported Q4 revenue of $126 million, down 31.6% year over year.2 days ago
Is SDC overvalued?
A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25)....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return5Strong Sell2.64%S&P50011.20%4 more rows
Is SDC undervalued?
Fair Value of SDC stock based on Discounted Cash Flow (DCF) SDC ($2.34) is undervalued by... subscribe to Premium to read more.
Is Smile direct profitable?
From 2018 to 2019, the company's revenue increased 77% from $398 million to $707 million. In 2020, though, its revenue dropped to $607 million. I generally like to see stable and preferably increasing revenue growth for public companies. SmileDirectClub also has losses from operations in 2020, 2019 and 2018.Nov 1, 2021
Is smile Direct stock a buy?
Should you buy SmileDirectClub? SmileDirectClub isn't doomed yet, and its stock could generate big near-term gains as the short sellers cover their positions. However, I can't consider it a viable long-term investment unless it significantly narrows its losses and widens its moat over the next several quarters.Oct 18, 2021
Why is smile Direct Club stock up?
Shares of SmileDirectClub ( SDC 1.72% ) surged higher on Tuesday, soaring as much as 25.1%. As of 2:50 p.m. ET, the stock was still up 24.6%. The catalyst that drove the oral healthcare company higher was a strategic shift to cut costs and focus on its most profitable markets.Jan 25, 2022
Who owns Smile direct?
Jordan KatzmanJordan Katzman is our co-founder and has served as a member of our board since inception. Mr. Katzman first gained critical online e-commerce experience co-founding two technology companies with Mr.
Does SDC have a future?
Analyst Future Growth Forecasts Earnings vs Market: SDC is forecast to remain unprofitable over the next 3 years. High Growth Earnings: SDC is forecast to remain unprofitable over the next 3 years. Revenue vs Market: SDC's revenue (10.2% per year) is forecast to grow faster than the US market (8.6% per year).
Is SDC being shorted?
What is SmileDirectClub's current short interest? Short interest is the volume of SmileDirectClub shares that have been sold short but have not yet been closed out or covered. As of March 15th, traders have sold 34,600,000 shares of SDC short. 30.86% of SmileDirectClub's shares are currently sold short.
Where can I buy SDC?
Shares of SDC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Key Points
SmileDirectClub's lower-cost alternative to Invisalign isn't resonating with consumers.
NASDAQ: SDC
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What happened
The stock of SmileDirectClub ( SDC 0.00% ) is tanking after a dismal second-quarter earnings report and hasn't recovered. At the end of the trading session on Thursday, the stock was down 23.9% for the week.
So what
SmileDirectClub markets a lower-cost alternative to Align Technology 's ( ALGN -0.62% ) Invisalign brand of clear aligners. The stock tanked this week because management reported another quarter marked by top-line stagnation and losses on the bottom line.
Now what
On the bottom line, SmileDirectClub lost $55 million, which is especially upsetting because it recognized $1,885 per case shipped. Align Technology's clear aligners are more expensive for consumers because Align sells them to dentists and orthodontists, who mark up the price and pocket the difference.
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Smile Direct (SDC) stock forecast
This is another short squeeze. SDC is not a typical buy-and-hold profitable stock, so just know that if you are trading this, it is highly volatile. Risk warning over, if you want to have fun go ahead! However, we are bearish on this one and I know you will not be happy to hear that. But we have to call it as we see it.
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A Closer Look at SDC Stock
SDC stock started off 2021 at around $11.50. There were rallies throughout the year, but none of them lasted very long. May was one of the worst months for the shares, as the stock fell below the crucial $10 level. Moreover, as if that wasn’t bad enough, SmileDirectClub’s share price looked like it might drop below $5 in early November.
The Bottom Line
Frankly, I’m disappointed in SmileDirectClub and its CEO. The company is still a leader in home-delivered dental aligners, and it provides an essential service for folks who can’t afford braces.
Referenced Symbols
SmileDirectClub Inc. SDC, -1.92% shares tanked more than 20% in the extended session Monday after the maker of clear plastic aligners reported a wider quarterly loss and sales missed the mark, saying it ran against macroeconomic headwinds.
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About the Author
Claudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter @ClaudiaAssisMW.
SDC Stock and Its Crowded Short Side
Before diving into why so many on Wall Street are shorting SmileDirectClub, let’s take a closer look at the company and its business. As I mentioned above, it’s a teledentistry company.
A Post-Covid Comeback So Far Has Failed to Play Out
Scores of stocks in companies hard-hit by the pandemic have recovered over the past year. That has not been the case for SDC stock, obviously, given the above-mentioned declines. So, what has been behind this?
The Verdict on SmileDirectClub
Disappointment with SmileDirectClub goes beyond its bad sales numbers. Even during better times, the company was operating in the red, as its operations were not yet large enough to cover its high fixed operating expenses.
SmileDirectClub (SDC) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
SmileDirectClub (SDC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
10 Most Shorted Stocks Right Now
In this article, we discuss the 10 most shorted stocks right now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Most Shorted Stocks Right Now. The beginning of 2021 had pitted retail investors against hedge funds in a short squeeze saga involving video game firm GameStop and […]
Better Execution Needed to Move SmileDirectClub Stock Higher, Says Morgan Stanley
Is there an opportunity brewing in the dental product market? Morgan Stanley’s Erin Wright estimates it is a segment worth $26 billion and growing at low to mid-single digits a year, with the most growth attributed to specialty segments such as orthodontics and implants and digital solutions.
What was the loss of SmileDirectClub in Q2?
The COVID-19 pandemic hit SmileDirectClub hard in Q2. The company reported a 45% year-over-year revenue decline. Its net loss in the second quarter of $95 million was much worse than the $32.4 million loss in the prior-year period.
Will SmileDirectClub have positive EBITDA?
The big question for the healthcare stock now is: How much longer will the COVID-19 pandemic negatively impact its growth? No one knows the answer to that question for sure. However, SmileDirectClub still thinks it will be able to achieve its goal of generating positive adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA) by the end of 2020.
