SmileDirectClub (SDC) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SmileDirectClub in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SDC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SDC, but not buy additional shares or sell existing shares.
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4 analysts have issued 1-year price targets for SmileDirectClub's shares. Their SDC share price forecasts range from $1.00 to $2.00. On average, they predict the company's stock price to reach $1.38 in the next twelve months. This suggests a possible upside of 241.7% from the stock's current price.
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SmileDirectClub's stock was trading at $0.3522 at the start of the year. Since then, SDC shares have increased by 14.9% and is now trading at $0.4048.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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SmileDirectClub, Inc. (NASDAQ:SDC) released its earnings results on Tuesday, May, 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by $0.02. The company had revenue of $119.78 million for the quarter, compared to analyst estimates of $109.28 million.

SmileDirectClub issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $400.00 million-$450.00 million, compared to the consensus revenue estimate of $428.44 million.

360 employees have rated SmileDirectClub Chief Executive Officer David Katzman on Glassdoor.com. David Katzman has an approval rating of 66% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other SmileDirectClub investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Block (SQ), AT&T (T), Alibaba Group (BABA), Micron Technology (MU), Carnival Co. & (CCL), Walt Disney (DIS).

(SDC) raised $1.2 billion in an initial public offering on Thursday, September 12th 2019. The company issued 58,500,000 shares at $19.00-$22.00 per share. J.P. Morgan, Citigroup, BofA Merrill Lynch, Jefferies, UBS Investment Bank and Credit Suisse acted as the underwriters for the IPO and Guggenheim Securities, Stifel, William Blair and Loop Capital Markets were co-managers.

SmileDirectClub trades on the NASDAQ under the ticker symbol "SDC."

SmileDirectClub's stock is owned by a number of retail and institutional investors. Top institutional investors include Prentice Capital Management LP (0.61%), Citigroup Inc. (0.22%), Wolverine Asset Management LLC (0.00%), Stephens Inc. AR (0.11%), UBS Group AG (0.10%) and Renaissance Technologies LLC (0.08%). Insiders that own company stock include Cd&R Investment Associates X,, David B Katzman, Jordan M Katzman, Kay Oswald, Kyle Wailes, Richard F Wallman, Steven B Katzman, Susan Greenspon Rammelt and William H Frist.
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Shares of SDC stock 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.
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One share of SDC stock can currently be purchased for approximately $0.40.

SmileDirectClub (NASDAQ:SDC) has a market capitalization of $162.35 million and generates $470.74 million in revenue each year. The company earns $-86,400,000.00 in net income (profit) each year or ($0.69) on an earnings per share basis.

The company employs 2,700 workers across the globe.

SmileDirectClub's mailing address is 414 UNION STREET, NASHVILLE TN, 37219. The official website for the company is www.smiledirectclub.com. The company can be reached via phone at 800-342-0462 or via email at investorrelations@smiledirectclub.com.