Align Technology, Inc (NASDAQ: ALGN) is -14.75% lower on its value in year-to-date trading and has touched a low of $141.74 and a high of $313.29 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 $181.09 in the last trading session, with the day’s loss setting it -3.34%.
Currently trading at $177.75, the stock is 6.60% and 3.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -1.84% at the moment leaves the stock -16.44% off its SMA200. ALGN registered -42.75% loss for a year compared to 6-month loss of -17.87%. The firm has a 50-day simple moving average (SMA 50) of $171.6078 and a 200-day simple moving average (SMA200) of $212.71774.
The stock witnessed a 11.64% gain in the last 1 month and extending the period to 3 months gives it a -21.41%, and is 2.23% 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 4.03% over the week and 5.79% over the month.
Align Technology, Inc (ALGN) has around 20945 employees, a market worth around $13.01B and $4.00B in sales. Current P/E ratio is 31.61 and Fwd P/E is 16.17. Profit margin for the company is 10.54%. Distance from 52-week low is 25.41% and -43.26% 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 6.72% this year.
Align Technology, Inc (ALGN) Top Institutional Holders
1061.0 institutions hold shares in Align Technology, Inc (ALGN), with institutional investors hold 97.84% of the company’s shares. The shares outstanding are 73.85M, and float is at 68.58M with Short Float at 5.39%. Institutions hold 91.39% 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 11.2694% 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
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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.
