Align Technology, Inc. [ALGN] stock is trading at $249.56, up 2.39%. 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 12.73% over the last week, with a monthly amount glided 6.05%, 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.
Align Technology, Inc. [ALGN] stock has fluctuated between $176.34 and $335.73 over the past year. Currently, Wall Street analysts expect the stock to reach $554.38 within the next 12 months. Align Technology, Inc. [NASDAQ: ALGN] shares were valued at $249.56 at the most recent close of the market. An investor can expect a potential return of 122.14% based on the average ALGN price forecast.
Analyzing the ALGN fundamentals
Align Technology, Inc. [NASDAQ:ALGN] reported sales of 3.94B for the trailing twelve months, which represents a growth of 2.63%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.17. 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 245.35 points at the first support level, and at 241.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 252.12, and for the 2nd resistance point, it is at 254.67.
Ratios To Look Out For
For context, Align Technology, Inc.’s Current Ratio is 1.18. As well, the Quick Ratio is 1.06, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 4.73, the price to book ratio is 4.96 and price to earnings (TTM) ratio is 42.34.
Transactions by insiders
Recent insider trading involved LARKIN C RAYMOND JR, Director, that happened on Aug 15 ’24 when 6500.0 shares were purchased. Director, LACOB JOSEPH completed a deal on Feb 29 ’24 to sell 15000.0 shares. Meanwhile, Director LACOB JOSEPH sold 10000.0 shares on Feb 27 ’24.
