A share price of Align Technology, Inc. [ALGN] is currently trading at $216.42, up 4.22%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALGN shares have gain 0.19% over the last week, with a monthly amount drifted -10.74%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Leerink Partners started tracking the stock with Market Perform rating on February 26, 2024, and set its price target to $310. On December 11, 2023, downgrade downgraded it’s rating to Sell but maintained its price target of $197 on the stock. UBS downgraded its rating to a Neutral but stick to its price target of $200 on October 27, 2023. Goldman upgraded its rating to a Neutral and raised its price target to $307 on February 02, 2023. Goldman downgraded its rating to Sell for this stock on July 28, 2022, and downed its price target to $250. In a note dated January 31, 2022, UBS upgraded an Buy rating on this stock and revised its target price from $880 to $620.
Align Technology, Inc. experienced fluctuations in its stock price throughout the past year between $176.34 and $335.40. Currently, Wall Street analysts expect the stock to reach $421 within the next 12 months. Align Technology, Inc. [NASDAQ: ALGN] shares were valued at $216.42 at the most recent close of the market. An investor can expect a potential return of 94.53% based on the average ALGN price forecast.
Analyzing the ALGN fundamentals
Trailing Twelve Months sales for Align Technology, Inc. [NASDAQ:ALGN] were 3.96B which represents 1.84% 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 0.16%, 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 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 210.66 points at the first support level, and at 204.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 224.51, and for the 2nd resistance point, it is at 232.61.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Align Technology, Inc. [NASDAQ:ALGN] is 1.26. On the other hand, the Quick Ratio is 1.14, and the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 4.08, the price to book ratio is 4.30 and price to earnings (TTM) ratio is 36.91.
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.
