Understanding Align Technology, Inc. (ALGN)’s Gross Margin and Net Margin Figures

Align Technology, Inc. [ALGN] stock prices are up 0.46% to $296.37 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALGN shares have gain 8.20% over the last week, with a monthly amount glided 7.07%, and seem to be holding up well over a long-time horizon.

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On 31, January 2024, Align Technology Among Top 300 Worldwide Organizations Granted U.S. Patents in 2023. In a post published today on Yahoo Finance, Intellectual Property Owners Association Annual Report Lists 158 U.S. Patents Granted to Align in 2023 – a 36% Increase from 2022.

From an analyst’s perspective:

Align Technology, Inc. [NASDAQ: ALGN] stock has seen the most recent analyst activity on December 11, 2023, when Goldman downgraded its rating to a Sell but kept the price target unchanged to $197 for it.

The stock price of Align Technology, Inc. [ALGN] has been fluctuating between $176.34 and $413.20 over the past year. Align Technology, Inc. [NASDAQ: ALGN] shares were valued at $296.37 at the most recent close of the market.

Analyzing the ALGN fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 292.11 points at the first support level, and at 287.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 299.59, and for the 2nd resistance point, it is at 302.81.

Align Technology, Inc. [ALGN] reported earnings per share of $2.42 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.18/share, meaning a difference of $0.24 and a surprise factor of 11.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.14 per share as compared to estimates of $2.26 per share, a difference of -$0.12 representing a surprise of -5.30%.

Ratios To Look Out For

It’s worth pointing out that Align Technology, Inc. [NASDAQ:ALGN]’s Current Ratio is 1.18.

Transactions by insiders

Recent insider trading involved Wright Emory, EVP, GLOBAL OPERATIONS, that happened on Feb 07 when 2524.0 shares were sold. President and CEO, HOGAN JOSEPH M completed a deal on Nov 09 to buy 5194.0 shares. Meanwhile, President and CEO HOGAN JOSEPH M bought 5319.0 shares on Oct 31.

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