Align Technology Inc. (NASDAQ: ALGN) is -70.13% lower on its value in year-to-date trading and has touched a low of $172.05 and a high of $688.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALGN stock was last observed hovering at around $191.39 in the last trading session, with the day’s gains setting it 4.89% off its average median price target of $227.50 for the next 12 months. It is also 47.66% off the consensus price target high of $375.00 offered by 13 analysts, but current levels are -22.68% lower than the price target low of $160.00 for the same period.
Currently trading at $196.28, the stock is 1.62% and -5.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.46 million and changing 2.55% at the moment leaves the stock -34.84% off its SMA200. ALGN registered -70.14% loss for a year compared to 6-month loss of -29.03%.
The stock witnessed a -9.96% gain in the last 1 month and extending the period to 3 months gives it a -28.10%, and is -2.54% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.42% over the week and 5.02% over the month.
Align Technology Inc. (ALGN) has around 22540 employees, a market worth around $15.44B and $3.86B in sales. Current P/E ratio is 30.39 and Fwd P/E is 24.86. Profit margin for the company is 13.20%. Distance from 52-week low is 14.08% and -71.50% from its 52-week high. The company has generated returns on investments over the last 12 months (21.50%).
Align Technology Inc. (ALGN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Align Technology Inc. (ALGN) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.20, where 1 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Align Technology Inc. is expected to release its quarterly report on 01/31/2023.The EPS is expected to shrink by -56.80% this year
Align Technology Inc. (ALGN) Top Institutional Holders
The shares outstanding are 78.09M, and float is at 73.17M with Short Float at 3.78%.
Align Technology Inc. (ALGN) Insider Activity
A total of 7 insider transactions have happened at Align Technology Inc. (ALGN) in the last six months, with sales accounting for 1 and purchases happening 6 times. The most recent transaction is an insider purchase by Thaler Warren S, the company’s Director. SEC filings show that Thaler Warren S bought 1,050 shares of the company’s common stock on Nov 02 at a price of $191.21 per share for a total of $0.2 million. Following the purchase, the insider now owns 30666.0 shares.
Align Technology Inc. disclosed in a document filed with the SEC on Nov 02 that Myong Anne (Director) bought a total of 1,500 shares of the company’s common stock. The trade occurred on Nov 02 and was made at $190.26 per share for $0.29 million. Following the transaction, the insider now directly holds 4794.0 shares of the ALGN stock.
Still, SEC filings show that on Nov 02, HOGAN JOSEPH M (President and CEO) acquired 10,600 shares at an average price of $188.58 for $2.0 million. The insider now directly holds 185,401 shares of Align Technology Inc. (ALGN).
Align Technology Inc. (ALGN): Who are the competitors?
The company’s main competitors (and peers) include Zimmer Biomet Holdings Inc. (ZBH) that is -6.77% lower over the past 12 months. DENTSPLY SIRONA Inc. (XRAY) is -40.43% down on the 1-year trading charts.