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Friday, September 29, 2023

Is SmileDirectClub Inc. (NASDAQ: SDC) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for SmileDirectClub Inc. (SDC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0048, or 1.25%, to $0.3888. The SmileDirectClub Inc. has recorded 14,868 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that SmileDirectClub To Appeal Decision In Align Technology Arbitration.

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Stocks Info

SDC belongs to the Healthcare sector of the NASDAQ while operating in the Medical Instruments & Supplies industry. At the end of the last regular session, the stock closed at $0.38 and fluctuated between $0.3910 as its day high and $0.3709 as its day low. The current market capitalization of SmileDirectClub Inc. is $161.22M. A total of 1.24 million shares were traded on the day, compared to an average of 2.27M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SDC has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 135,135 shares. Over the last 12 months, there were 8 BUYs and 3 SELLs from insiders. Insiders purchased 6,009,996 shares during that period but sold 245,434.

In the most recent transaction, WALLMAN RICHARD F sold 135,135 shares of SDC for 0.44 per share on Jun 21. After the transaction, the Director now owns 336,318 company shares. In a previous transaction on Mar 29, Rammelt Susan Greenspon sold 350,000 shares at 0.38 per share. SDC shares that EVP, CLO, Secretary owns now total 2,798,818.

Among the insiders who bought shares, DIMITRIEF ALEXANDER acquired of 10,000 shares on Nov 15 at a per-share price of $0.78. This resulted in the Director holding 10,000 shares of SDC after the transaction.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SDC in the last 3 months, the mean price target is $0.70 with high estimates of $1.00 and low estimates of $0.40. In terms of 52-week highs and lows, SDC has a high of $1.29 and a low of $0.31.

As of this writing, SDC has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.11. The company reported an EPS of -$0.16 in the last quarter, which was -23.10% lower than expectations of -$0.13.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SDC’s latest balance sheet shows that the firm has $224.86M in Cash & Short Term Investments as of fiscal 2021. There were $761.32M in debt and $178.24M in liabilities at the time. Its Book Value Per Share was $0.65, while its Total Shareholder’s Equity was -$134.35M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SDC is Buy with a score of 2.57.

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