After grabbing 1.88 million shares, the institutional investor is now in possession of 1.88 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 1.43% having worth around $0.75 million. Moreover, Geode Capital Management LLC increased its share by 14286.0 to have a control over 1.12 million shares. And UBS Securities LLC raised its holdings to 71913.0 shares by acquiring 0.36 million shares or 0.28% of the stake.
SmileDirectClub Inc. (SDC) concluded trading on 05/24/23 at a closing price of $0.36, with 1.42 million shares of worth about $0.51 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -44.51% during that period and on Wednesday the price saw a loss of about -5.08%. Currently the company’s common shares owned by public are about 129.77M shares, out of which, 116.16M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the SDC stock and their offered price forecasts bring an average price target of $0.68. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $1.00 and could fall to a lowest price of $0.40. However, touching the estimated high of $1.00 would mean a gain of 64.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 9 times over the past 12 months. They bought 6,273,754 shares in 7 of the transactions. In 2 selling transactions, insiders dumped 110,299 shares.
Vanguard Total Stock Market ETF, IAM Prentice Long Short Equity UC, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in SmileDirectClub Inc. Vanguard Total Stock Market ETF is currently holding 3.59 million shares of worth totaling $1.44 million. The company recently came buying 0.0 shares which brought its stake up to 2.74% of the company’s outstanding shares. Vanguard Extended Market Index Fu, after buying 1.52 million shares, have now control over 1.16% of the stake in the company. It holds 0.0 shares of worth $0.61 million.
However, the stock later moved at a day high price of 0.3876, or with a loss of -5.08%. Stock saw a price change of -2.49% in past 5 days and over the past one month there was a price change of -13.08%. Year-to-date (YTD), SDC shares are showing a performance of 2.41% which decreased to -74.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.31 but also hit the highest price of $2.26 during that period. The average intraday trading volume for SmileDirectClub Inc. shares is 1.14 million. The stock is currently trading -6.99% below its 20-day simple moving average (SMA20), while that difference is down -10.44% for SMA50 and it goes to -47.51% lower than SMA200.
GSA Capital Partners LLP acquired 1.88 million shares of SmileDirectClub Inc. having value of about $0.75 million. SmileDirectClub Inc. (NASDAQ: SDC) currently have 129.77M outstanding shares and institutions hold larger chunk of about 22.70% of that. Holding of mutual funds in the company is about 6.41% while other institutional holders and individual stake holders have control over 8.84% and 16.76% of the stake respectively.
The stock has a current market capitalization of $146.23M and its 3Y-monthly beta is at 2.11. It has posted earnings per share of -$0.69 in the same period. It has Quick Ratio of 1.90 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SDC, volatility over the week remained 7.48% while standing at 7.75% over the month.
Analysts are in expectations that SmileDirectClub Inc. (SDC) stock would likely to be making an EPS of -$0.11 in the current quarter, while forecast for next quarter EPS is -$0.08 and it is -$0.43 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.12 which is -$0.1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.70% while it is estimated to increase by 20.40% in next year. EPS is likely to grow at an annualized rate of 20.30% for next 5-years, compared to annual growth of -53.10% made by the stock over the past 5-years.
Analysts at 7 brokerage firms have issued recommendations for the SmileDirectClub Inc. (SDC)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.30. Out of those 7 Wall Street analysts, 0 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
