Align Technology, Inc [ALGN] stock prices are up 0.55% to $235.29 at the moment. 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 3.23% over the last week, with a monthly amount glided 11.63%, 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 December 04, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $295. On February 26, 2024, Leerink Partners initiated with a Market Perform rating and assigned a price target of $310 on the stock. Goldman downgraded its rating to a Sell but stick to its price target of $197 on December 11, 2023. UBS downgraded its rating to a Neutral but $200 remained the price target by the analyst firm on October 27, 2023. Goldman upgraded its rating to Neutral for this stock on February 02, 2023, and upped its price target to $307. In a note dated July 28, 2022, Goldman downgraded an Sell rating on this stock and revised its target price from $380 to $250.
The stock price of Align Technology, Inc [ALGN] has been fluctuating between $196.09 and $335.40 over the past year. Currently, Wall Street analysts expect the stock to reach $264.17 within the next 12 months. Align Technology, Inc [NASDAQ: ALGN] shares were valued at $235.29 at the most recent close of the market. An investor can expect a potential return of 12.27% based on the average ALGN price forecast.
Analyzing the ALGN fundamentals
The Align Technology, Inc [NASDAQ:ALGN] reported sales of 3.96B for trailing twelve months, representing a surge of 1.84%. 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.
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 233.53 points at the first support level, and at 231.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 237.13, and for the 2nd resistance point, it is at 238.97.
Ratios To Look Out For
It’s worth pointing out that Align Technology, Inc [NASDAQ:ALGN]’s Current Ratio is 1.26. As well, the Quick Ratio is 1.14, while the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 4.44, the price to book ratio is 4.46 and price to earnings (TTM) ratio is 40.12.
Transactions by insiders
Recent insider trading involved Wright Emory, Director, that happened on Nov 25 ’24 when 2500.0 shares were purchased. Director, LARKIN C RAYMOND JR completed a deal on Aug 15 ’24 to buy 6500.0 shares. Meanwhile, Director LACOB JOSEPH sold 15000.0 shares on Feb 29 ’24.
