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?
Similarly, Why is SDC dropping?
SmileDirectClub Inc. shares dropped in the extended session Monday after the teledentistry company’s quarterly results and outlook came in worse than expected following an April cyberattack and the prolonged effects of COVID-19 on its customer base.
What’s going on with smile Direct Club 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.
Thereof, Why is SDC short?
A short squeeze for SmileDirectClub occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of SDC, which in turn drives the price of the stock up even further.
Is SDC undervalued?
Skeptical, but still undervalued. Consensus rating on SmileDirectClub stock is currently neutral. Among eleven Wall Street reports released in the last three months, only one is an overweight recommendation amid seven equal weights and three underperforms.
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.
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).
Why is smile Direct club tanking?
What happened. Shares of SmileDirectClub ( SDC -0.39% ) tanked 40.4% in November, according to data from S&P Global Market Intelligence. 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 …
What is a stock squeeze?
A short squeeze is an unusual condition that triggers rapidly rising prices in a stock or other tradable security. For a short squeeze to occur, the security must have an unusual degree of short sellers holding positions in it. The short squeeze begins when the price jumps higher unexpectedly.
How much debt does smile Direct have?
At 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%.
How many employees does SmileDirectClub have?
SmileDirectClub
| Type | Public |
|---|---|
| Headquarters | Nashville, Tennessee , United States |
| Revenue | $750 Million(2019) |
| Number of employees | 6,300 |
| Website | smiledirectclub.com |
How much cash does SmileDirectClub have?
On liquidity, SmileDirectClub retains approximately $263MM in accounts receivable and $308 million of cash on the balance sheet.
Is there a lawsuit against SmileDirectClub?
In a lengthy lawsuit over 200 pages, SmileDirectClub accused NBC Universal Media and reporter Vicky Nguyen of publishing false and misleading information about the company and is seeking $2.85 billion for defamation.
Does Smile direct ruin teeth?
Myth: SmileDirectClub damages teeth and causes them to fall out. False. Our aligners will NOT damage healthy teeth. You should always maintain your regular cleanings with your local dentist to keep your teeth healthy and prevent any issues.
Is Smile direct legit?
The brand has mixed reviews online. Best Company gave the club an overall score of 8.9 out of 10 with nearly 2,800 customer reviews rating the company an overall 4.2 stars out of 5. The BBB has logged more than 2,700 complaints against the company, but it still gives SmileDirectClub an A+ rating.
Who is AK fallible?
AK is the founder of Macro Ops and the host of Fallible. He started out in corporate economics for a Fortune 50 company before moving to a long/short equity investment firm. With Macro Ops focused primarily on institutional clients, AK moved to servicing new investors just starting their journey.
Can a CEO sell shares during a short squeeze?
Illegal insider trading occurs when an individual within a company acts on nonpublic information and buys or sells investment securities. Not all buying or selling by insiders—such as CEOs, CFOs, and other executives—is illegal, and many actions of insiders are disclosed in regulatory filings.
Are short squeezes illegal?
Short squeezes are illegal.
Any brokerage that knowingly allowed a short squeeze to continue without taking action, could have potentially massive legal liabilities.
Why is SmileDirectClub stock so low?
Shares of SmileDirectClub ( SDC 2.65% ) tanked 40.4% in November, according to data from S&P Global Market Intelligence. 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.
How many customers does smile Direct have?
Smile Direct Club Provides More Than One Million Customers Its Premium, Accessible Teeth Straightening Solutions.
Who is smile direct actress?
Tamara Skylar Jones is an American actress and model, born in Philadelphia, Pennsylvania. She has guest starred on the hit HBO series, « Girls ». As well as raving internet comedy, « Math Warriors ». She has done modeling campaigns for several companies such as LG Mobil, Freixinet, Smile Direct Club and Fender.
Who is David Katzman?
David Katzman is the CEO of SmileDirectClub, which sells custom teeth aligners. Katzman’s son and his son’s friend started the company in 2014. His investment firm, Camelot Venture Group, provided initial funding for SmileDirectClub.
When did SDC go public?
Teledentistry company SmileDirectClub (SDC) is expected to IPO on Thursday, September 12. At a price range of $19-$22 per share, the company plans to sell up to $1.5 billion of shares with an expected market cap of ~$7.9 billion. At the midpoint of the IPO price range, SDC currently earns an unattractive rating.
Are byte aligners good?
Effectiveness. Byte’s website advertises its 4.8/5-star ranking from its 2,845 Google reviews, but many dental professionals consider the long-term effects of at-home alignment products to be more detrimental than the initial draws like cost and a quick treatment time.
How do I get a refund from a byte?
For your safety, we do not accept returns. Most products ship the same day they are ordered, or in the case of custom aligners we begin production of your custom aligners as soon as you complete your aligner purchase. Once an order has been placed we cannot accept exchanges, returns or refunds.
Is Smile direct FDA approved?
There is no investigation into SmileDirectClub by the Food and Drug Administration or the FTC, and SmileDirectClub is in full compliance with FDA regulations, including its 510K manufacturing certification.
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