Align Technology, Inc (NASDAQ: ALGN) is -23.20% lower on its value in year-to-date trading and has touched a low of $141.74 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 $165.03 in the last trading session, with the day’s loss setting it -4.89%.
Currently trading at $160.14, the stock is -1.32% and -11.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -2.96% at the moment leaves the stock -26.19% off its SMA200. ALGN registered -51.51% loss for a year compared to 6-month loss of -31.58%. The firm has a 50-day simple moving average (SMA 50) of $181.1598 and a 200-day simple moving average (SMA200) of $216.9587.
The stock witnessed a -2.69% gain in the last 1 month and extending the period to 3 months gives it a -25.64%, and is 3.83% 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 11.41% over the week and 5.55% over the month.
Align Technology, Inc (ALGN) has around 20945 employees, a market worth around $11.72B and $4.00B in sales. Current P/E ratio is 28.48 and Fwd P/E is 14.49. Profit margin for the company is 10.54%. Distance from 52-week low is 12.98% and -51.71% from its 52-week high. The company has generated returns on investments over the last 12 months (10.69%).
with sales reaching $975.45M over the same period.The EPS is expected to grow by 6.87% this year, but quarterly earnings will post 2.31% year-over-year. Quarterly sales are estimated to shrink -2.20% in year-over-year returns.
1058.0 institutions hold shares in Align Technology, Inc (ALGN), with institutional investors hold 97.63% of the company’s shares. The shares outstanding are 73.85M, and float is at 68.57M with Short Float at 5.02%. Institutions hold 91.22% 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.
