Why is SmileDirectClub stock up?

What happened. Shares of SmileDirectClub ( SDC 9.23% ) surged higher on Tuesday, soaring as much as 25.1%. As of 2:50 p.m. ET, the stock was still up 24.6%. The catalyst that drove the oral healthcare company higher was a strategic shift to cut costs and focus on its most profitable markets .

SmileDirectClub, Inc. may be overvalued . Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of SDC, demonstrate its potential to underperform the market. It currently has a Growth Score of D.

Out of 10 analysts, 0 (0%) are recommending SDC as a Strong Buy, 1 (10%) are recommending SDC as a Buy, 7 (70%) are recommending SDC as a Hold, 1 (10%) are recommending SDC as a Sell, and 1 (10%) are recommending SDC as a Strong Sell. What is SDC’s earnings growth forecast for 2022-2024?

Shares of SmileDirectClub ( SDC 8.12% ) tanked 40.4% in November, according to data from S&P Global Market Intelligence. The online teeth-straightening company reported very disappointing earnings results last month , which is likely the main reason the stock is down so much since the start of the period.