Align Technology, Inc (NASDAQ: ALGN) is -8.30% lower on its value in year-to-date trading and has touched a low of $183.26 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 $186.62 in the last trading session, with the day’s gains setting it 4.59%.
Currently trading at $191.21, the stock is -7.75% and -10.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 2.46% at the moment leaves the stock -17.38% off its SMA200. ALGN registered -39.66% loss for a year compared to 6-month loss of -18.28%.
The stock witnessed a -16.80% gain in the last 1 month and extending the period to 3 months gives it a -16.21%, and is -5.24% 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 4.38% over the week and 3.73% over the month.
Align Technology, Inc (ALGN) has around 21610 employees, a market worth around $14.27B and $4.00B in sales. Current P/E ratio is 34.03 and Fwd P/E is 17.13. Profit margin for the company is 10.54%. Distance from 52-week low is 4.34% and -42.99% from its 52-week high. The company has generated returns on investments over the last 12 months (10.69%).
The EPS is expected to grow by 7.79% this year
The shares outstanding are 74.65M, and float is at 69.95M with Short Float at 3.23%.
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 4.1314 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
Align Technology, Inc disclosed in a document filed with the SEC on Aug 15 ’24 that LARKIN C RAYMOND JR (Director) bought a total of 6,500 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $235.33 per share for $1.53 million. Following the transaction, the insider now directly holds 28247.0 shares of the ALGN stock.
Still, SEC filings show that on Feb 29 ’24, LACOB JOSEPH (Director) disposed off 15,000 shares at an average price of $303.22 for $4.55 million. The insider now directly holds 131,994 shares of Align Technology, Inc (ALGN).
