Align Technology, Inc (NASDAQ: ALGN) is -17.51% lower on its value in year-to-date trading and has touched a low of $167.32 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 $174.19 in the last trading session, with the day’s loss setting it -2.19%.
Currently trading at $172.00, the stock is -11.65% and -17.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -1.26% at the moment leaves the stock -24.72% off its SMA200. ALGN registered -44.16% loss for a year compared to 6-month loss of -24.06%.
The stock witnessed a -19.91% gain in the last 1 month and extending the period to 3 months gives it a -26.54%, and is -7.41% 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 4.25% over the week and 3.91% over the month.
Align Technology, Inc (ALGN) has around 20945 employees, a market worth around $12.66B and $4.00B in sales. Current P/E ratio is 30.59 and Fwd P/E is 15.41. Profit margin for the company is 10.54%. Distance from 52-week low is 2.80% and -48.72% from its 52-week high. The company has generated returns on investments over the last 12 months (10.69%).
with sales reaching $980.41M over the same period.The EPS is expected to grow by 7.79% this year, but quarterly earnings will post 2.54% year-over-year. Quarterly sales are estimated to shrink -1.71% in year-over-year returns.
The shares outstanding are 73.85M, and float is at 68.94M with Short Float at 4.18%.
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.
