Align Technology, Inc. (NASDAQ: ALGN) is -8.52% lower on its value in year-to-date trading and has touched a low of $176.34 and a high of $413.20 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 $250.58 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $250.66, the stock is 2.82% and -2.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 0.03% at the moment leaves the stock -6.51% off its SMA200. ALGN registered -30.49% loss for a year compared to 6-month loss of -3.43%.
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The stock witnessed a 2.09% gain in the last 1 month and extending the period to 3 months gives it a -16.49%, and is -2.20% 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 4.12% over the week and 2.97% over the month.
Align Technology, Inc. (ALGN) has around 21610 employees, a market worth around $18.87B and $3.92B in sales. Current P/E ratio is 41.30 and Fwd P/E is 22.99. Profit margin for the company is 11.80%. Distance from 52-week low is 42.15% and -39.34% from its 52-week high. The company has generated returns on investments over the last 12 months (11.99%).
The EPS is expected to grow by 11.72% this year
The shares outstanding are 75.08M, and float is at 70.24M with Short Float at 2.87%.
Align Technology, Inc. (ALGN) Insider Activity
The most recent transaction is an insider sale by LACOB JOSEPH, the company’s Director. SEC filings show that LACOB JOSEPH sold 15,000 shares of the company’s common stock on Feb 29 ’24 at a price of $303.22 per share for a total of $4.55 million. Following the sale, the insider now owns 0.13 million shares.
Align Technology, Inc. disclosed in a document filed with the SEC on Feb 27 ’24 that LACOB JOSEPH (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $313.01 per share for $3.13 million. Following the transaction, the insider now directly holds 0.15 million shares of the ALGN stock.
Still, SEC filings show that on Feb 07 ’24, Wright Emory (EVP, GLOBAL OPERATIONS) disposed off 2,524 shares at an average price of $287.45 for $0.73 million. The insider now directly holds 709 shares of Align Technology, Inc. (ALGN).