Align Technology, Inc (NASDAQ: ALGN) is -20.32% lower on its value in year-to-date trading and has touched a low of $158.13 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 $164.53 in the last trading session, with the day’s gains setting it 1.61%.
Currently trading at $166.14, the stock is -5.46% and -17.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 0.98% at the moment leaves the stock -25.92% off its SMA200. ALGN registered -47.15% loss for a year compared to 6-month loss of -33.43%. The firm has a 50-day simple moving average (SMA 50) of $200.6898 and a 200-day simple moving average (SMA200) of $224.2707.
The stock witnessed a -17.85% gain in the last 1 month and extending the period to 3 months gives it a -29.42%, and is 0.95% up 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 3.58% over the week and 4.02% over the month.
Align Technology, Inc (ALGN) has around 20945 employees, a market worth around $12.23B and $4.00B in sales. Current P/E ratio is 29.54 and Fwd P/E is 14.88. Profit margin for the company is 10.54%. Distance from 52-week low is 5.07% and -50.47% 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 7.67% this year
1077.0 institutions hold shares in Align Technology, Inc (ALGN), with institutional investors hold 97.66% of the company’s shares. The shares outstanding are 73.85M, and float is at 68.94M with Short Float at 5.48%. Institutions hold 91.15% 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 4.1314 and valued at over $$749.93 million, while WELLINGTON MANAGEMENT GROUP LLP holds 2.3515 of the shares totaling 1.77 million with a market value of $$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.
