Why Smile Direct Club Stock Dropped 15.4% This Week

Shares in Smile Direct Club (NASDAQ: SDC) dropped 15.4% this week, according to data provided by S&P Global Market Intelligence. The stock closed at $2.21 last Friday, then opened at $2.23 on Monday, and fell to a weekly low of $1.86 on Thursday. The stock is down more than 82% over the past 12 months, compared to a 13.4% advance by the S&P 500 Index, and has a 52-week high of $12.17 and a low of $1.755.

The company released its fourth-quarter and 2021 year-end earnings report after the markets closed on Monday. Revenue was down and losses were up. The company reported Q4 revenue of $126 million, down 31.6% year over year. Its yearly revenue was listed at $638 million, down 2% compared to 2020. The company reported an earnings per share (EPS) loss of $0.25 in Q4 compared to a loss of $0.09 in the same period last year. Smile Direct Club's yearly EPS was a loss of $0.87 compared to a loss of $0.72 in 2020.

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Source Fool.com