At the time of writing, Align Technology, Inc. [ALGN] stock is trading at $313.78, up 0.61%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALGN shares have gain 4.54% over the last week, with a monthly amount drifted -1.72%, and not 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.
For the past year, the stock price of Align Technology, Inc. fluctuated between $176.34 and $413.20. Currently, Wall Street analysts expect the stock to reach $592.86 within the next 12 months. Align Technology, Inc. [NASDAQ: ALGN] shares were valued at $313.78 at the most recent close of the market. An investor can expect a potential return of 88.94% based on the average ALGN price forecast.
Analyzing the ALGN fundamentals
According to Align Technology, Inc. [NASDAQ:ALGN], the company’s sales were 3.86B for trailing twelve months, which represents an 6.12% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.17%, 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 0.08, Equity is 0.12 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 308.14 points at the first support level, and at 302.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 317.60, and for the 2nd resistance point, it is at 321.41.
Align Technology, Inc. [ALGN] reported earnings per share of $2.42 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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 is important to note that Align Technology, Inc. [NASDAQ:ALGN] has a current ratio of 1.18. On the other hand, the Quick Ratio is 1.04, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 6.12, the price to book ratio is 6.32 and price to earnings (TTM) ratio is 53.98.
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.
