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SmileDirectClub Inc(SDC) is trading higher Friday due to good news

SmileDirectClub Inc(SDC) currently trades at $5.62 and has grown by 31% in the past 24 hours. Shares of the company jumped after the company announced it’s now producing medical-grade face shields for health care workers amidst the coronavirus (COVID-19) pandemic.

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Based on this information, investorsQ rates this stock an 5 out of 10. We give it this rating because SmileDirectClub’s Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. The high forecast for SmileDirectClub Inc is $18 and the low is $4. Noteably, the company’s market cap is $2.25 billion with a 52 week high of $21.10 and a 52 week low of $3.70.

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