At the time of writing, Align Technology, Inc [ALGN] stock is trading at $221.64, up 3.07%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALGN shares have lost -0.24% over the last week, with a monthly amount glided 2.59%, and 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.
For the past year, the stock price of Align Technology, Inc fluctuated between $196.09 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 $221.64 at the most recent close of the market. An investor can expect a potential return of 89.95% based on the average ALGN price forecast.
Analyzing the ALGN fundamentals
According to Align Technology, Inc [NASDAQ:ALGN], the company’s sales were 3.96B for trailing twelve months, which represents an 1.84% 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 0.16%, 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 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 215.00 points at the first support level, and at 208.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 226.64, and for the 2nd resistance point, it is at 231.65.
Ratios To Look Out For
It is important to note that Align Technology, Inc [NASDAQ:ALGN] has a current ratio of 1.26. In addition, the Quick Ratio stands at 1.14 and the Cash Ratio stands at 0.5. Considering the valuation of this stock, the price to sales ratio is 4.18, the price to book ratio is 4.20 and price to earnings (TTM) ratio is 37.79.
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.
