SmileDirectClub Inc (NASDAQ:SDC) Stock Falls 11% in a Week: But Why?
In the past week, SmileDirectClub Inc (NASDAQ:SDC) has had a tough time in the capital market since its stock has suffered from a sustained selloff. Due to the selloff the stock has declined by as much as 15%.
Market Stats
On Thursday, SDC stock slid 3.15% to $3.6900 with more than 9.62 million shares, compared to its average volume of 18.30 million shares. The stock has moved within a range of $3.6100 – 3.7964 after opening trade at $3.7800.
SmileDirectClub Announces Next Generation Treatment Planning System SmileOS™
Considering the magnitude of the decline, it might be a good idea for investors to take a closer look at the company and figure out if the fall could be an opportunity to enter the SmileDirectClub stock or not. The company is involved in the oral care space and is regarded as the first of its kind medical technology company that is involved in teeth straightening.
Earlier on in the week on November 15, SmileDirectClub announced the launch of its latest offering SmileOS. It is regarded as a state of the art treatment planning software and is meant for those doctors across the country which are affiliated to SmileDirectClub.
The company noted that the software is going to allow these doctors to treat a higher number of patients. In addition to that, the software is also going to help in predicting movements in tooth far more accurately. Last but not the least, the SmileOS is also going to help the doctors in visualising the treatments far more effectively.
Key Quote
“Our proprietary, custom-built SmileOS treatment planning software exceeds the capabilities of the off-the-shelf solutions used by many of our competitors and helps us deliver a superior customer experience,” said Dr. Jeffrey Sulitzer, Chief Clinical Officer, SmileDirectClub. “SmileDirectClub has a legacy of unprecedented innovation and vertical integration, creating in-house expertise in retail, manufacturing, and distribution operations, as well as treatment planning software with SmileOS. This translates to an unmatched customer experience and even better treatment outcomes.”
Traders Corner
SDC stock is trading below the 20-Day and 50-Day Moving averages of $4.68 and $5.47 respectively. Moreover, the stock is trading below the 200-Day moving average of $7.99. The stock is down 34% in the past month.
