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SmileDirectClub, Inc. (SDC) operates a teledentistry platform that provides member's with a customized clear aligner therapy treatment in the United States and internationally.
The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a doctor, and monitoring through completion of their treatment proprietary with a network of approximately 250 affiliated dentists and orthodontists through its teledentistry platform, SmileCheck.
It offers aligners, impression kits, whitening gels, and retainers. Shares have formed a bullish "cup and handle" and are expected to head higher from this formation.
On November 12th, Smiledirectclub reported a 3rd Quarter September 2019 loss of $0.89 per share on revenue of $180.2 million. The consensus estimate was a loss of $0.99 per share.
The company said it expects 2019 revenue of $750.0 million to $755.0 million. The current consensus estimate is revenue of $746.5 million for the year ending December 31, 2019. The Company reports its quarterly results on February 25th.
Shares are under accumulations by institutional investors. On Friday February 7th, BlackRock reported purchasing 5.9% of the shares while on the same day Fidelity announced purchasing 5.7% of the shares. Richard William, a director of SDC, bought 12,000 shares in December.
Entry Point: $14.50
Stop Loss: $13.70
Trading Range: $7.56 to $21.10
Target Price: $15.95
SDC closed at $7.60 after NBC ran a negative story on the stock.
