SDC - SmileDirectClub posts sharpest one-day gain since January
SmileDirectClub (SDC) rose ~14.5% today recording its steepest one-day gain since January.However, as shown in the graph, the shares remain ~30.2% lower in the year so far underperforming the rival Align Technology (ALGN) which has gained ~1.6% today.Recently, JPMorgan downgraded SmileDirectClub to neutral from overweight noting its worse than expected guidance. The price target was also lowered by $4.00 to $10.00 per share.In early May, SmileDirectClub fell in reaction to a cybersecurity incident that forced the company to estimate $10 - $15M of revenue impact for Q2 2021.Meanwhile, Seeking Alpha contributors have mixed views on the stock with a bullish and neutral rating given by two analysts over the past 90-day period.SA contributor The Value Trend thinks that SmileDirectClub is worth at least $16.00 per share noting that the company is “well-poised to achieve management's growth and profitability expectations.”
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SmileDirectClub posts sharpest one-day gain since January