Latest news for SmileDirectClub (OTC:SDCCQ) Stock

SmileDirectClub Inc is engaged in the orthodontics business. It is mainly involved in the sale of aligners, impression kits, whitening gel, and retainers. The company has one operating segment, aligner products.

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SmileDirectClub Inc (OTC: SDCCQ) shut down after filing for bankruptcy in the U.S. in September.

Once High-Flying Direct-To-Consumer Dentistry Company SmileDirectClub Shuts Down

SMILEDIRECTCLUB INC A by SmileDirectClub, Inc.

SmileDirectClub Inc

UBS analyst Jay Sole maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) with a Sell and raises the price target from $14 to $16.

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Analyst Ratings

UBS Maintains Sell on Gap, Raises Price Target to $16

UBS analyst Mark Carden maintains BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) with a Buy and raises the price target from $102 to $108.

UBS Maintains Buy on BJ's Wholesale Club, Raises Price Target to $108

UBS analyst Steven Fisher maintains Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) with a Neutral and raises the price target from $404 to $462.

UBS Maintains Neutral on Deere, Raises Price Target to $462

UBS analyst Karl Keirstead maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Neutral and raises the price target from $275 to $360.

UBS Maintains Neutral on Salesforce, Raises Price Target to $360

Jefferies analyst Lloyd Byrne maintains Bloom Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) with a Hold and raises the price target from $12 to $22.

Jefferies Maintains Hold on Bloom Energy, Raises Price Target to $22

Jefferies analyst Jonathan Petersen maintains SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) with a Hold and raises the price target from $70 to $72.

Jefferies Maintains Hold on SL Green Realty, Raises Price Target to $72

Ocean Biomedical, Inc. (NASDAQ: OCEA), today announced that on November 18, 2024, it received a notice from The Nasdaq Stock Market LLC ("Nasdaq") stating that because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the "Form 10-Q"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC").
Ocean Biomedical is delayed in filing the Form 10-Q as a result of previously disclosed developments with respect to filing of its 10-K for the year ended December 31, 2023.
The current notice will have no immediate effect on the listing or trading of Ocean Biomedical's common stock on Nasdaq, although there can be no assurances that further delays in the filing of the Form 10-Q will not have an impact on the listing or trading of the company's common stock. On October 16, 2024, Staff notified the Company that since it failed to timely file its Form 10-K for the year ended December 31, 2023, and its Forms 10-Q for the periods ended March 31, 2024 and June 30, 2024, the Company's securities were subject to delisting. The Company is now delinquent in the filing its form 10-Q for the period ended September 30, 2024. Accordingly, this matter serves as an additional basis for delisting the Company's securities from The Nasdaq Stock Market. This is formal notification that the Nasdaq Hearings Panel (the "Panel") will consider this matter in their decision regarding the Company's continued listing on The Nasdaq Capital Market, which hearing is scheduled for December 16, 2024. The Company intends to file the delinquent Forms 10-Q and 10-K as soon as practicable.

OCEA

Ocean Biomedical Announces Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report

DA Davidson analyst Gil Luria maintains Procore Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) with a Neutral and raises the price target from $60 to $70.

PCOR

DA Davidson Maintains Neutral on Procore Technologies, Raises Price Target to $70

Chesapeake Utilities Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPK#NYSE">CPK</a>) ("Chesapeake Utilities" or the "Company") today announced that it has established an at-the-market equity offering program (the "ATM Program") under which it may, from time to time, sell shares of its common stock having an aggregate sales price of up to $100,000,000 (the "Shares"). Chesapeake Utilities has entered into an equity distribution agreement with each of RBC Capital Markets, LLC, Barclays Capital Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann &amp; Co. Inc., Guggenheim Securities, LLC, Citizens JMP Securities, LLC, M&amp;T Securities, Inc., Maxim Group LLC, PNC Capital Markets LLC, and Siebert Williams Shank &amp; Co., LLC (collectively, the "Sales Agents"), as sales agents. Pursuant to the equity distribution agreement, sales of the Shares may be made in transactions deemed to be "at-the-market offerings," as defined in Rule 415 under the Securities Act of 1933, as amended, including by sales made directly on or through the New York Stock Exchange. Chesapeake Utilities intends to use the proceeds from the sales, if any, of the Shares for general corporate purposes, including, but not limited to, financing of capital expenditures, repayment of short-term debt, financing acquisitions, investing in subsidiaries, and general working capital purposes.

Offerings

Chesapeake Utilities Corporation Announces $100M At-The-Market Equity Offering Program

DA Davidson analyst Gil Luria maintains NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a Neutral and raises the price target from $90 to $135.

NVDA

DA Davidson Maintains Neutral on NVIDIA, Raises Price Target to $135

DA Davidson analyst Gil Luria maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Neutral and raises the price target from $75 to $115.

ESTC

DA Davidson Maintains Neutral on Elastic, Raises Price Target to $115

<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">President-elect Donald Trump</a> needs to find someone else to replace US Securities and Exchange Commission chair Gary Gensler. 
The Details: According to <a href="https://www.bloomberg.com/news/articles/2024-11-22/robinhood-s-gallagher-drops-out-of-sec-chair-consideration?sref=TBDibEcD">Bloomberg</a>, Dan Gallagher, chief legal officer at Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) has removed himself from consideration as head of the SEC.
Gallagher expressed his intention to remain at Robinhood in an emailed statement. 
&#8220;It is always an honor to have your name in the mix for an incredibly important job like SEC Chairman. However, I have made it clear that I do not wish to be considered for this position,&#8221; Gallagher said.&nbsp;
&#8220;I am committed to Robinhood and our millions of customers who represent the new generation of retail investors.&#8221;
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
Gallagher has been Robinhood's chief legal officer since 2020. He steered the company through the GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) meme stock saga and Trump considered him a top <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41212008/trump-considers-robinhood-exec-dan-gallagher-for-sec-chair-if-re-elected">contender for the position</a>. He was a Republican SEC commissioner from 2011 to 2015, and previously served in other senior roles in the agency. 
The crypto community favored Gallagher, feeling he would <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41876266/bitcoin-blasts-past-82000-buy-everything-you-can-says-bernstein">help to advance</a> pro-crypto regulatory change.
Among the other names being floated for SEC chair include: Robert Stebbins, the SEC's former general counsel; Paul Atkins, former SEC commissioner; and Brian Brooks, former <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42053981/trump-sec-pick-speculation-sends-this-altcoin-soaring-past-bitcoin-and-ethereum-in-daily-gains">cryptocurrency executive</a> and former acting comptroller of the currency. 
As for Gallagher, he will stay on as head legal counsel at Robinhood.&nbsp;
"I will remain a vocal and consistent advocate for positive change in our markets,&#8221; Gallagher said. He added that he is &#8220;excited to work with the incoming Trump Administration, including the next SEC Chairman and the SEC staff, to promote innovation and provide more opportunity for retail investors.&#8221;
Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Robinhood shares ended Friday's session up 4.45% at $36.65. 
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Fintech news covering the emerging Financial Technology services sector

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Robinhood's Gallagher Bows Out Of SEC Chair Consideration Under Incoming Trump Administration

Jefferies analyst Omar Nokta maintains Navigator Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVGS#NYSE">NVGS</a>) with a Buy and maintains $20 price target.

NVGS

Jefferies Maintains Buy on Navigator Holdings, Maintains $20 Price Target

Despite widespread anticipation that NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)'s quarterly results would dictate Wall Street's year-end trajectory, the stock market delivered a robust weekly rebound — even in the absence <a href="https://www.benzinga.com/quote/NVDA/news">of its AI darling.</a>
While the semiconductor titan beat analyst expectations on both earnings and revenue for the third quarter, Nvidia's stock remained flat for the week.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), the parent company of Google, faced sharp turbulence. Shares tumbled after the U.S. Department of Justice called for the divestiture of Chrome in a bid to curb Google's dominance in search and digital advertising.
The sell-off wiped out over $120 billion in market capitalization on Thursday alone.
A <a href="https://www.benzinga.com/tech/24/11/42140450/doj-targets-google-chrome-poll-shows-64-oppose-alphabet-breakup-youtube-seen-as-top-prize">recent Benzinga poll indicates</a> 64% of respondents oppose breaking up Alphabet, with YouTube viewed as the company's most valuable asset.
On the economic front, <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42141413/us-business-activity-soars-to-31-month-highs-in-november-small-caps-rally-dow-tops-44000">U.S. private sector activity expanded significantly</a> in November, as reflected in S&amp;P Global's Purchasing Managers' Index surveys. The services sector, in particular, surged at its fastest pace since March 2022, while price pressures continued to recede, creating less headwinds for the Federal Reserve.
Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rally shows no signs of cooling, with the cryptocurrency notching its fourth consecutive week of gains and hovering around the <a href="https://www.benzinga.com/24/11/42130693/bitcoins-path-to-100k-inevitable-but-leverage-to-the-gills-warns-mike-novogratz-predicts-80k-correction-ahead">historic $100,000 threshold.</a>
The U.S. dollar also maintained its upward momentum, rising for the eighth straight week to <a href="https://www.benzinga.com/news/econ-s/24/11/42138717/dollar-hits-2-year-highs-as-europes-recession-signals-spark-euro-pound-sell-offs">reach two-year highs.</a> This latest rally, however, stemmed largely from external turmoil, as escalating geopolitical tensions between Russia and Ukraine, coupled with worsening economic momentum in Europe, triggered sharp weekly sell-offs in the euro and the British pound.
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President-elect Donald Trump advocates for increased fossil fuel production with his &#8220;drill, baby, drill&#8221; policy. In contrast, Elon Musk, co-leader of the proposed Department of Government Efficiency (DOGE), envisions a future dominated by solar energy. UBS analysts recommend investors consider renewable energy stocks following their <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42130859/as-trump-backs-drill-baby-drill-his-doge-co-lead-elon-musk-believes-all-energy-generation-will-be-solar-heres-what-ubs-recommends-after-election-dip">election-induced market dip.</a>
<h1 class="wp-block-heading">Trump Crypto Clarity</h1>
Cathie Wood of Ark Invest anticipates the Trump administration will provide regulatory clarity for Bitcoin and other digital assets, potentially incorporating them into <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42136536/ark-invests-cathie-wood-says-team-trump-would-give-regulatory-clarity-for-bitcoin-and-other-digital-assets-which-they-may-put-in-the-treasurys-strategic-reserve">the Treasury&#8217;s strategic reserve</a>.
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General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is reportedly preparing to enter Formula One in 2026, potentially partnering with Andretti Autosport. This move would mark GM&#8217;s first foray into F1, aligning with its global <a href="https://www.benzinga.com/24/11/42135392/general-motors-gears-up-for-potential-f1-entry-in-2026-report">motorsport expansion strategy.</a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Wall Street Rebounds Without Its AI Darling's Boost, King Dollar Maintains Dominance While Bitcoin Defies Gravity: This Week In The Markets

Rosenblatt analyst Catharine Trebnick maintains Zoom Video Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Buy and maintains $78 price target.

Rosenblatt Maintains Buy on Zoom Video Comms, Maintains $78 Price Target

Bill Gates outspent fellow billionaire Jeff Bezos to construct one of the <a href="https://www.benzinga.com/general/entertainment/24/09/40860724/bezos-doesnt-sunbathe-alone-on-his-25m-a-year-superyacht-as-he-hosts-kim-kardashian-leonard">most expensive yachts ever</a>. Yet, he doesn&#8217;t seem too keen on owning it for himself.
What Happened: The Microsoft co-founder, known for his <a href="https://www.benzinga.com/general/education/24/10/41580000/bill-gates-turns-69-5-things-you-might-not-know-about-microsoft-co-founder">emphasis on sustainable energy</a>, commissioned a superyacht to be made using fuel cells.
The groundbreaking vessel, known as Breakthrough, has completed its sea trials. It is also set to be sold after Gates passed on buying it, as <a href="https://luxurylaunches.com/transport/bill-gates-645-million-fuel-cell-superyacht-has-finally-completed-its-extensive-sea-trials-powered-by-liquid-hydrogen-stored-at-a-bone-chilling-423f-nearly-as-cold-as-outer-space-the-mammo.php">reported </a>by LuxuryLaunches.
The $645 million superyacht is powered by liquid hydrogen, and stored at -423 degrees Fahrenheit. That makes it nearly as cold as outer space.
Along with using hydrogen power to travel, the yacht&#8217;s amenities are powered with emission-free energy thanks to green hydrogen.
Breakthrough completed trials near Amsterdam. The boat now heads to Edmiston, a seller of luxury yachts.
Coming in at 390 feet long, the Breakthrough is not quite as long as Bezos&#8217; 417-foot Koru vessel. Recall how the Amazon.com founder had difficulty getting the $500-million boat <a href="https://www.benzinga.com/news/22/08/28385974/jeff-bezos-500-million-superyacht-has-been-relocated-after-bridge-controversy-avoids-getting-egged-i">out of a shipyard.</a>
The Koru, which has its own support vessel spanning 250 feet long, comes with estimated annual operating costs of $25 million.
Breakthrough comes with an even higher price tag and is the first superyacht to be fuel-cell powered. It also features many amenities fit for Gates: a library, movie theater, basketball court, pool and onboard fully equipped hospital.
You may not be a billionaire like Bill Gates, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
What&#8217;s Next: Gates not taking ownership of the superyacht could take away from the huge fuel-cell accomplishment. Also, there are relatively few potential owners who can afford the $645 million price tag.
"The brief was to build the greenest and most environmentally advanced yacht ever built, without compromise," Edmiston CEO Jamie Edmiston previously said, as <a href="https://www.forbes.com.au/life/boats/first-look-at-game-changing-1-billion-hydrogen-superyacht/">reported </a>by Forbes. "It was a huge challenge, but one that the team has embraced and delivered on."
It is unknown why Gates decided not to take ownership of the superyacht he commissioned.
Gates, the sixth-richest person in the world, is worth an estimated $160 billion according to <a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD">Bloomberg</a>.
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Image via Flickr/ World Economic Forum

Education

Bill Gates Has Superyacht Powered By Liquid Nitrogen: It's Already For Sale After Sea Trials

The Company has been and continues to work diligently to complete the financial reporting process for the Form 10-Q and will file it as soon as possible. At the same time, the Company is continuing to work on implementing changes to address the issues that have caused delays in its timely filing or reports with the SEC. With the Thanksgiving Holiday next week, we will be unable to file the Form 10-Q until the first or second week of December. At that time, we will also refile the pending Registration Statement on Form S-1 (File No. 333-279091) (the "Form S-1").

TPCS

TechPrecision Receives Notification From Nasdaq Related To Delayed Quarterly Report

SSKN

Strata Skin Sciences Files For Mixed Shelf Offering Of Up To $25M

Trident Digital Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDTH#NASDAQ">TDTH</a>) reported $378.84 thousand in sales this quarter. This is a 21.27 percent decrease over sales of $481.17 thousand the same period last year.

Earnings

TDTH

Trident Digital Tech H1 Sales $378.84K Down From $481.17K YoY

SWAG

Stran & Company Notified Of Nasdaq Deficiency Due To Delayed Filing Of Q3 2024 Form 10-Q, Violating Listing Rule 5250(c)(1)

SmileDirectClub to liquidate as buyout deal fails

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
SmileDirectClub (OTCMKTS:<a href="https://investorplace.com/stock-quotes/sdccq-stock-quote/">SDCCQ</a>) ceased operating on December 8 after it <a href="https://www.foxbusiness.com/markets/smiledirectclub-ceases-operations-after-restructuring-effort-fails">could not restructure</a> through bankruptcy proceedings. The once high-flying provider of dental aligners was one of many at-risk companies entering the final quarter of 2023.&nbsp;



Do you remember all the articles pitting SmileDirect against industry leader Align Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/algn-stock-quote/">ALGN</a>)? I sure do.&nbsp;



As recently as 2020, many investors and media pundits felt the former was a better buy than the latter. The Motley Fool&rsquo;s Keith Speights <a href="https://www.nasdaq.com/articles/3-reasons-to-buy-smiledirectclub-instead-of-align-technology-2020-02-09">suggested</a> in February 2020 three reasons SDC was a better buy than ALGN. However, looking closely, you&rsquo;ll see that Speights owned Align stock then. I&rsquo;m guessing the article was meant tongue-in-cheek.



My InvestorPlace colleague Josh Enomoto was more forthcoming in May 2020 about the risks involved in SDC stock. He <a href="https://investorplace.com/2020/05/smiledirectclub-is-a-luxury-that-few-care-about-in-a-recession-sdc-stock/">suggested,</a> &ldquo;The economy simply doesn&rsquo;t favor SDC stock.&rdquo;&nbsp;



And now it doesn&rsquo;t exist.&nbsp;



Who are other companies that could file for bankruptcy in 2024? Here are three at-risk companies to get you started.&nbsp;



<h2>Sabre (SABR)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/sabr-stock-1-300x169.jpg" alt="The logo for Sabre Corporation (SABR) is displayed on a smartphone screen."><div>Source: IgorGolovniov / Shutterstock.com</div></div>


The companies that made my list had three things going against them: 1) high total debt to earnings before interest, taxes, depreciation and amortization (EBITDA), 2) a low return on assets and 3) an Altman Z-Score below 1.81 &mdash; a sign the company could file for bankruptcy over the next 24 months.&nbsp;



According to Morningstar, one of the largest travel booking companies by volume has a total debt of <a href="https://www.morningstar.com/stocks/xnas/sabr/financials">$4.82 billion,</a> 582x its EBITDA of $8.28 million, a return on assets of <a href="https://www.morningstar.com/stocks/xnas/sabr/valuation">-12.52%</a> and an Altman Z-Score of <a href="https://www.gurufocus.com/term/zscore/SABR/Altman-Z-Score/Sabre">-0.43.</a>



In 2015, Sabre (NASDAQ:<a href="https://investorplace.com/stock-quotes/sabr-stock-quote/">SABR</a>) stock traded around $30, 7x higher than where it currently trades.



Through the first nine months of 2023, Sabre generated a non-GAAP loss of $135.4 million, down from a $254.4 million loss a year earlier, on <a href="https://investors.sabre.com/static-files/7da29e94-ff1e-48d8-87bf-b206636c8823">$2.2 billion</a> in revenue.&nbsp;



The bulls will point to the fact its adjusted EBITDA margin was 10.9%, 750 basis points higher than a year ago, a sign the business is coming around.&nbsp;



But is it?



Its interest expense in the third quarter was $119.4 million, 55% higher than Q3 2022. On an annualized basis, that&rsquo;s <a href="https://investors.sabre.com/static-files/6b90ecaf-3aaf-49e7-abd6-097e9f2f2f09">$478 million,</a> 62% higher than its interest expense in 2022.



That&rsquo;s a huge mountain to overcome.&nbsp;



<h2>Seagate Technology (STX)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/stx-stock-1-300x169.jpg" alt="A Seagate Technology (STX) sign hanging above an office in Silicon Valley, California."><div>Source: Sundry Photography / Shutterstock.com</div></div>


Seagate Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/stx-stock-quote/">STX</a>) has a total debt of <a href="https://www.morningstar.com/stocks/xnas/stx/financials">$5.67 billion,</a> 52x its EBITDA of $110.0 million, a return on assets of <a href="https://www.morningstar.com/stocks/xnas/stx/valuation">-9.39%</a> and an Altman Z-Score of <a href="https://www.gurufocus.com/term/zscore/STX/Altman-Z-Score/STX">0.25.</a>&nbsp;



You wouldn&rsquo;t know that its financials were less than stellar, given its stock is up nearly 63% year to date. However, that is the case for the data storage company.&nbsp;



Of the <a href="https://www.marketwatch.com/investing/stock/stx/analystestimates">24 analysts</a> that cover its stock, just 8 rate it Overweight or Buy, with 14 Holds and 2 Underweight or outright Sell, with a <a href="https://money.cnn.com/quote/forecast/forecast.html?symb=stx">$70</a> target price, well below where it&rsquo;s currently trading.



On a GAAP basis, Seagate lost $529 million in fiscal 2023 (June year-end). On a non-GAAP basis, it earned <a href="https://s24.q4cdn.com/101481333/files/doc_financials/2023/q4/STX-Q4-23-Press-Release.pdf">$40 million</a> on $7.38 billion in revenue. Its interest expense in 2023 was $313 million, up from $249 million a year earlier.&nbsp;



In Q1 2024, it lost <a href="https://s24.q4cdn.com/101481333/files/doc_financials/2024/q1/STX-FQ1-24-Press-Release.pdf">$184 million</a> (GAAP) and $46 million (non-GAAP). Its interest expense was $84 million, 18% higher than a year earlier. While the interest expense hasn&rsquo;t done the company in yet, it&rsquo;s got <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001137789/642e531d-584a-4a64-8683-9e2adab1064f.pdf">$1.75 billion</a> in debt with interest rates of 8.25% or higher that were issued in late 2022 and 2023.&nbsp;



If you own STX stock, you better hope interest rates decrease significantly in 2024, or its stock is sunk.



<h2>Century Aluminum (CENX)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/aluminum-stocks-3-1600-300x169.jpg" alt="stacks of rectangular aluminum metal stock"><div>Source: shutterstock.com/SimoneN</div></div>


Century Aluminum (NASDAQ:<a href="https://investorplace.com/stock-quotes/cenx-stock-quote/">CENX</a>) is the smallest of the three, with a market capitalization of just over $1 billion. Its shares are up nearly 27% in 2023.&nbsp;



It has a total debt of <a href="https://www.morningstar.com/stocks/xnas/cenx/financials">$512.0 million,</a> with a trailing 12-month EBITDA of -123.5 million, a return on assets of <a href="https://www.morningstar.com/stocks/xnas/cenx/valuation">-10.80%</a> and an Altman Z-Score of <a href="http://www.globeinvestor.com/">-0.30.</a> That is one score you don&rsquo;t want to be negative.&nbsp;



The Chicago-based aluminum producer reported better-than-expected Q3 2023 results in November. On the top line, its revenue was <a href="https://finance.yahoo.com/news/century-aluminums-cenx-q3-earnings-181400279.html">$545.2 million,</a> 14% lower than a year earlier but $3 million higher than the consensus estimate. On the bottom line, it lost 13 cents a share, 6 cents lower than analyst expectations and <a href="https://centuryaluminum.com/investors/press-releases/press-release-details/2022/Century-Aluminum-Company-Reports-Third-Quarter-2022-Results/">21 cents</a> less than its Q3 2022 loss.&nbsp;




&ldquo;Century remains focused on disciplined cost and operational execution and remains well positioned when market conditions improve,&rdquo; CEO Jesse Gary stated in its Q3 2023 press release.&nbsp;




The company&rsquo;s interest expenses in the nine months ended September 30 were $26.6 million, <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000949157/e7d1533a-fe3e-46e9-914f-7d4ed9e47a01.pdf">27.3%</a> higher than $20.9 million in the same period of your earlier. On an annualized basis, that works out to $35.5 million, <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000949157/eb3e9a7b-7086-4fad-83cd-60f6420005ed.pdf">21%</a> higher than in 2022.



If you look at the company&rsquo;s debt, except for 2.75% convertible notes due May 1, 2028 ($84 million), most is at interest rates between 7.5% and 9.25%. That&rsquo;s too high for a business that often loses more money than makes it.&nbsp;



On the date of publication, Will Ashworth did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2023/12/warning-signs-3-companies-that-might-not-survive-2024/">Warning Signs: 3 Companies That Might Not Survive 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Warning Signs: 3 Companies That Might Not Survive 2024

Align Technology, Henry Schein, Dentsply Sirona to benefit from dental aligners growth

Healthcare bankruptcies slow after peaking in 2023: report

Align to pay $27.5M to SmileDirectClub clients as antitrust lawsuit nears settlement

AHPIQ

AKUMQ

ALGN

ATHXQ

CANOQ

CENX

DMTKQ

GMDAQ

HGENQ

HSIC

NVTAQ

RADCQ

SABR

SAUHF

SAUHY

SRNE

VRAYQ

XRAY

SmileDirectClub

SmileDirectClub Inc&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/sdccq#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SDCCQ</a>) shut down after filing for bankruptcy in the U.S. in September.

Founded in 2014, the company sold teeth aligners for $1,850 as a faster, cheaper alternative to braces and took a direct-to-consumer marketing approach.&nbsp;

SmileDirectClub went public via an initial public offering of&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/35017733/smiledirectclub-files-for-chapter-11-bankruptcy-just-four-years-after-1-35-billion-ipo" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">$1.35 billion in 2019</a>.

On its website, SmileDirectClub&nbsp;<a class="editor-rtfLink" href="https://smiledirectclub.com/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">said</a>&nbsp;it decided to wind down its global operations immediately.&nbsp;

For new customers interested in SmileDirectClub services, aligner treatment is no longer available through the telehealth platform. For existing customers, the customer care support is no longer available.

In the statement on its website, Smile Direct Club apologized for the inconvenience caused.

SmileDirectClub catered to over two million customers across almost ten years.&nbsp;

As court filings and financial statements revealed, the company struggled to profit, burdened with almost $900 million in debt.&nbsp;

Additionally, the company resolved a lawsuit from the District of Columbia Attorney General&#39;s office this year. The lawsuit alleged that SmileDirectClub&nbsp;<a class="editor-rtfLink" href="https://www.nytimes.com/2023/12/09/business/smiledirectclub-shutting-down-liquidation.html" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">utilized</a>&nbsp;confidentiality clauses to suppress consumer criticism, the New York Times noted.

SmileDirectClub actively pursued potential buyers for its enterprise in the last few months. Although there was initial interest from several parties, all interested buyers either withdrew from the process or submitted impractical bids that couldn&#39;t be considered viable, the&nbsp;<a class="editor-rtfLink" href="https://fortune.com/2023/12/08/smiledirectclub-to-liquidate-bankruptcy/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Fortune</a>&nbsp;noted.

&quot;When it came to the founder-led bid, it was really a Hail Mary,&quot; Winters told US Bankruptcy Judge Christopher Lopez. &quot;We pushed very, very hard this week, and it just didn&#39;t come together.&quot;

&quot;We turned over every rock,&quot; Winters said in the hearing, adding he thought as recently as Thursday that a going-concern sale was still feasible.

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