SmileDirectClub Inc (NASDAQ: SDC) is trading lower Tuesday morning after the company announced Monday it experienced a cybersecurity attack that will negatively impact the company's earnings in the first quarter.
What happened to SmileDirectClub stock?
Mar 03, 2022 · Why Smile Direct Club Stock Dropped 15.4% This Week By Jim Halley - Mar 3, 2022 at 4:21PM Key Points The company had 31.6% lower revenue in 2021 compared to 2020. Smile Direct has not had a...
What other companies are related to SmileDirectClub?
Aug 13, 2021 · Why Smile Direct Club Stock Dropped 15.4% This Week. 3 Charts That Might Put a Frown on the Face of SmileDirectClub Shareholders. …
What is SmileDirectClub's short-interest ratio?
Sep 23, 2021 · Smile Direct (SDC) reported a loss of $0.14 US cents per share against expectations for a loss of 9 cents per share, so over 50% worse than expected. Revenue did rise significantly from last year ...
What does a hold rating on SmileDirectClub mean?
Nov 08, 2021 · SmileDirectClub Inc. SDC, -3.52% 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,...
Why is SmileDirectClub going down?
The online teeth-straightening company reported very disappointing earnings results last month, which is likely the main reason the stock is down so much since the start of the period.Dec 7, 2021
What's going on with SmileDirectClub stock?
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.
Why is SDC so low?
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.Dec 9, 2021
Is SmileDirectClub profitable?
Total revenue of $138 million, a decrease of 18.3% over the prior year period. Net loss of $(89) million, a decrease of 105.6% over the prior year period.Nov 8, 2021
Is SDC a 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?
Is SmileDirectClub shorted?
SmileDirectClub currently has a short interest ratio of 5.0. Learn More on SmileDirectClub's short interest ratio.
How much debt does smile Direct have?
$719 millionAt the end of that same quarter, SmileDirectClub carried an eye-watering $719 million in long-term debt, yet the company's quarterly marketing and selling expenses increased 177.9%.Nov 24, 2021
How much does SmileDirectClub spend on marketing?
SmileDirectClub boosted its spending on sales and marketing to $96 million in 2021's third quarter, up by 43% from a year earlier, according to its most recent earnings report.Jan 13, 2022
Second-quarter earnings show the company's competition with Align Technology has gone completely lopsided
Cory is a long-term minded analyst focused on the Healthcare Sector. He genuinely enjoys cutting through the complexity to help everyday investors make better decisions. Follow @coryrenauer
What happened
The stock of SmileDirectClub ( NASDAQ:SDC) 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 ( NASDAQ:ALGN) 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.
Why SmileDirectClub Shares Surged Higher Today
SmileDirectClub Inc (NASDAQ: SDC) is trading higher on abnormally high volume during Monday's session as traders on social media circulate the stock, highlighting its high short interest. The average session volume is about 6.5 million. The daily trading volume for Monday's session was over 42 million.
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SmileDirectClub (SDC) Struggles With New Markets, High Debt
SmileDirectClub's (SDC) escalating costs and expenses are putting pressure on the bottom line.
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SmileDirectClub's (NASDAQ:SDC) Cash Burn Situation is Getting Better - But Not Good Enough for a Short Squeeze
It might be hard to believe at the moment, but SmileDirectClub (NASDAQ: SDC) was initially valued at over US$8b. After a fiasco IPO debut that saw the price decline at over 50%, the stock just started to recover when the 2020 pandemic hit, sending it to a fresh new low.
Is the Options Market Predicting a Spike in SmileDirectClub (SDC) Stock?
Investors need to pay close attention to SmileDirectClub (SDC) stock based on the movements in the options market lately.
SmileDirectClub (SDC) Reels Under Rising Costs, Debt Woes
SmileDirectClub (SDC) sees net operating cash outflow in the second quarter.
Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Investigating Securities Fraud Claims on Behalf of SmileDirectClub, Inc. (NASDAQ: SDC) Investors
RADNOR, Pa., Aug. 12, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of SmileDirectClub, Inc. (NASDAQ: SDC) (“SmileDirect”).
SmileDirectClub, Inc. Investors: Company Investigated by the Portnoy Law Firm
Investors can contact the law firm at no cost to learn more about recovering their lossesLOS ANGELES, Aug. 11, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises SmileDirectClub, Inc.
Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of SmileDirectClub, Inc. (SDC) on Behalf of Investors
LOS ANGELES, August 11, 2021--Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of SmileDirectClub, Inc. ("SmileDirectClub" or the "Company") (NASDAQ: SDC) investors concerning the Company’s possible violations of the federal securities laws.
The Law Offices of Frank R. Cruz Announces Investigation of SmileDirectClub, Inc. (SDC) on Behalf of Investors
LOS ANGELES, August 10, 2021--The Law Offices of Frank R. Cruz Announces Investigation of SmileDirectClub, Inc. (SDC) on Behalf of Investors
Castle Biosciences Q2 Earnings Edges Out Expectation On Record Test Report Volume
View more earnings on CSTLSee more from BenzingaClick here for options trades from BenzingaSmileDirectClub Stock Falls As Q2 Earnings Stung By Cyberattack, Pandemic, Fall Short Of ExpectationsInspireMD Reports Narrower Loss In Q2 As Revenue Rebounds On Procedural Recovery© 2021 Benzinga.com. Benzinga does not provide investment advice.
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of SmileDirectClub, Inc. (SDC) on Behalf of Investors
BENSALEM, Pa., August 10, 2021--Law Offices of Howard G. Smith announces an investigation on behalf of SmileDirectClub, Inc. ("SmileDirectClub" or the "Company") (NASDAQ: SDC) investors concerning the Company’s possible violations of federal securities laws.
SmileDirectClub (SDC) Q2 Loss Wider Than Expected, Margin Up
SmileDirectClub (SDC) registered year-over-year revenue growth in the second quarter, driven primarily by unique aligner shipment.
Is SmileDirectClub a buy right now?
10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SmileDirectClub in the last year. There are currently 4 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SmileDirectClub stock.
What stocks does MarketBeat like better than SmileDirectClub?
Wall Street analysts have given SmileDirectClub a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but SmileDirectClub wasn't one of them.
Are investors shorting SmileDirectClub?
SmileDirectClub saw a increase in short interest during the month of July. As of July 30th, there was short interest totaling 33,540,000 shares, an increase of 15.7% from the July 15th total of 28,980,000 shares. Based on an average trading volume of 6,320,000 shares, the short-interest ratio is currently 5.3 days.
When is SmileDirectClub's next earnings date?
SmileDirectClub is scheduled to release its next quarterly earnings announcement on Monday, November 15th 2021.#N#View our earnings forecast for SmileDirectClub.
How were SmileDirectClub's earnings last quarter?
SmileDirectClub, Inc. (NASDAQ:SDC) released its earnings results on Monday, August, 9th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by $0.05. The company earned $174.18 million during the quarter, compared to analysts' expectations of $198.52 million.
How has SmileDirectClub's stock price been impacted by Coronavirus (COVID-19)?
SmileDirectClub's stock was trading at $6.49 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SDC stock has decreased by 20.6% and is now trading at $5.15.#N#View which stocks have been most impacted by COVID-19.
What guidance has SmileDirectClub issued on next quarter's earnings?
SmileDirectClub updated its FY 2021 earnings guidance on Monday, September, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $750 million-$800 million, compared to the consensus revenue estimate of $833.69 million.
