Currently, Align Technology, Inc. [ALGN] is trading at $330.25, up 3.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALGN shares have gain 5.83% over the last week, with a monthly amount glided 5.68%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Align Technology, Inc. [NASDAQ: ALGN] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Market Perform rating and assigned the stock a price target of $310. Previously, Goldman downgraded its rating to Sell on December 11, 2023, and kept the price target unchanged to $197. On October 27, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $200 on the stock. Goldman upgraded its rating to a Neutral and increased its price target to $307 on February 02, 2023. Goldman downgraded its rating to a Sell and reduced its price target to $250 on July 28, 2022. UBS upgraded its rating to Buy for this stock on January 31, 2022, and downed its price target to $620. In a note dated January 31, 2022, Morgan Stanley initiated an Overweight rating and provided a target price of $575 on this stock.
This stock has fluctuated between a low of $176.34 and a high of $413.20 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $585.71 within the next 12 months. Align Technology, Inc. [NASDAQ: ALGN] shares were valued at $330.25 at the most recent close of the market. An investor can expect a potential return of 77.35% based on the average ALGN price forecast.
Analyzing the ALGN fundamentals
Trailing Twelve Months sales for Align Technology, Inc. [NASDAQ:ALGN] were 3.86B which represents 6.12% growth. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 324.67 points at the first support level, and at 319.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 333.38, and for the 2nd resistance point, it is at 336.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Align Technology, Inc. [NASDAQ:ALGN] is 1.18. Also, the Quick Ratio is 1.04, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 6.42, the price to book ratio is 6.65 and price to earnings (TTM) ratio is 56.81.
Transactions by insiders
Recent insider trading involved LACOB JOSEPH, Director, that happened on Feb 29 ’24 when 15000.0 shares were sold. Director, LACOB JOSEPH completed a deal on Feb 27 ’24 to sell 10000.0 shares. Meanwhile, EVP, GLOBAL OPERATIONS Wright Emory sold 2524.0 shares on Feb 07 ’24.
