Align Technology, Inc. (NASDAQ: ALGN) is -13.51% lower on its value in year-to-date trading and has touched a low of $176.34 and a high of $335.40 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 $238.06 in the last trading session, with the day’s loss setting it -1.09%.
Currently trading at $236.97, the stock is -2.21% and 1.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.6 million and changing -0.46% at the moment leaves the stock -11.77% off its SMA200. ALGN registered -18.46% loss for a year compared to 6-month loss of -24.76%. The firm has a 50-day simple moving average (SMA 50) of $232.5242 and a 200-day simple moving average (SMA200) of $268.4771.
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The stock witnessed a 6.58% gain in the last 1 month and extending the period to 3 months gives it a -2.72%, and is -5.01% 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 3.19% over the week and 3.67% over the month.
Align Technology, Inc. (ALGN) has around 21610 employees, a market worth around $17.70B and $3.94B in sales. Current P/E ratio is 40.20 and Fwd P/E is 22.52. Profit margin for the company is 11.34%. Distance from 52-week low is 34.38% and -29.35% from its 52-week high. The company has generated returns on investments over the last 12 months (11.59%).
The EPS is expected to grow by 9.08% this year
1115.0 institutions hold shares in Align Technology, Inc. (ALGN), with institutional investors hold 94.69% of the company’s shares. The shares outstanding are 75.08M, and float is at 69.53M with Short Float at 4.23%. Institutions hold 88.44% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 8.47 million shares valued at $2.05 billion. The investor’s holdings represent 11.2707 of the ALGN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.95 million shares valued at $1.92 billion to account for 10.5806 of the shares outstanding. The other top investors are STATE STREET CORP which holds 3.11 million shares representing 4.1319 and valued at over $749.93 million, while WELLINGTON MANAGEMENT GROUP LLP holds 2.3518 of the shares totaling 1.77 million with a market value of $426.83 million.
Align Technology, Inc. (ALGN) Insider Activity
The most recent transaction is an insider purchase by LARKIN C RAYMOND JR, the company’s Director. SEC filings show that LARKIN C RAYMOND JR bought 6,500 shares of the company’s common stock on Aug 15 ’24 at a price of $235.33 per share for a total of $1.53 million. Following the purchase, the insider now owns 28247.0 shares.
Align Technology, Inc. disclosed in a document filed with the SEC on Feb 29 ’24 that LACOB JOSEPH (Director) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $303.22 per share for $4.55 million. Following the transaction, the insider now directly holds 0.13 million shares of the ALGN stock.
Still, SEC filings show that on Feb 27 ’24, LACOB JOSEPH (Director) disposed off 10,000 shares at an average price of $313.01 for $3.13 million. The insider now directly holds 146,994 shares of Align Technology, Inc. (ALGN).
