Align Technology, Inc (NASDAQ: ALGN) is -26.03% lower on its value in year-to-date trading and has touched a low of $153.77 and a high of $331.64 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 $163.98 in the last trading session, with the day’s loss setting it -9.74%.
Currently trading at $154.24, the stock is -6.43% and -18.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing -5.94% at the moment leaves the stock -29.61% off its SMA200. ALGN registered -50.58% loss for a year compared to 6-month loss of -37.13%. The firm has a 50-day simple moving average (SMA 50) of $188.6054 and a 200-day simple moving average (SMA200) of $219.12495.
The stock witnessed a -11.45% gain in the last 1 month and extending the period to 3 months gives it a -26.03%, and is -6.12% 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 4.84% over the week and 3.85% over the month.
Align Technology, Inc (ALGN) has around 20945 employees, a market worth around $11.29B and $4.00B in sales. Current P/E ratio is 27.43 and Fwd P/E is 13.90. Profit margin for the company is 10.54%. Distance from 52-week low is 0.31% and -53.49% 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 7.30% this year
1059.0 institutions hold shares in Align Technology, Inc (ALGN), with institutional investors hold 97.64% of the company’s shares. The shares outstanding are 73.85M, and float is at 68.57M with Short Float at 5.56%. Institutions hold 91.23% 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 10.5794 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.
