SmileDirectClub (SDC) jumps for good reason
What’s up with SmileDirectClub?
SmileDirectClub (SDC) opened at $8.25, which means the stock is up 20% from yesterday’s closing price of 8.02. Today, the company has a high of $9.24 and a low of $8.11. The company has a market cap of $3.54 billion with a 52-week high of $21.10 and a 52-week low of $3.64.
What about the future for SmileDirectClub?
The high forecast for SmileDirectClub is $16.00 while the low is $6.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. SmileDirectClub has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information SDC seems to be a safe buy.
SmileDirectClub, Inc. designs and manufactures dental equipment. The Company supplies invisible aligners and braces to get straight teeth. SmileDirectClub serves customers worldwide.