The Align Technology, Inc. (NASDAQ:ALGN) is going up by 2.16% in today’s trading session, a rise equivalent to 3.89% of the stock’s price from yesterday’s market close. A news came out 21 hours ago stating that Zimmer Biomet Announces Multinational Distribution Agreement with Align Technology for iTero Element(R) Intraoral Scanners by WSJ. The lowest point that the shares touched during the trading session was $175.75, while the peak of the day was recorded at a share price of $180.89. ALGN finished the previous session at $180.36 according to the data provided by Barchart, while the trading volume was observed to be $1,712,435.
In the 100 days of trading, ALGN managed to top a 250.63% Moving average. Additionally, Align Technology, Inc. shares have achieved a 52-week range between 169.84 and 398.88 alongside 100 days raw stochastic set at 8.94%.
The number of shares outstanding, according to the fundamentals of the company, is set at 78.59M, equal to the value of $14.17B in market capitalization. In the last 30 days, Align Technology, Inc. shares went down by -1.91%, adding 188.16 to growth in value, on top of a +8.67% boost since 08/20/19.
Align Technology, Inc. (NASDAQ:ALGN) Analyst’s Estimates
Align Technology, Inc. (ALGN) could record at least $1.14 per share in quarterly earnings in the upcoming report, a number that would actually represent an increase of 23.52% YOY.
According to the average analyst rating, Align Technology, Inc. would be rated as Overweight. Out of 18 different analysts monitoring ALGN stock, 11 analysts rate the stock as a BUY, 6 suggest to give the rating of HOLD, 1 indicate that ALGN is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Jul-25-19, the stock earned a Downgrade rating due to a new analyst call from Evercore ISI, while analysts from Wolfe Research believe that the stock is set at Peer Perform, as concluded on May-30-19. Guggenheim, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Apr-18-19.
Regardless of the rating, UBS did increase their price to $275 as they are considering target share price analysis. UBS, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jan-17-19, giving the stock a Buy rating.
ALGN Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +74.39% has been attained, while the operating margin has been recorded at +23.73%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 20.90%. Beta value of the stock is recorded at 1.97. Additionally, Align Technology, Inc. is recording price volatility of 2.57% for the period of the last seven days and 3.08% in the last 30 days.
Align Technology, Inc. (NASDAQ:ALGN) Technical Outlook
For the period of the last 50 days, Align Technology, Inc. had its Raw Stochastic average set at 12.38% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 80.42%. Stochastic %K for Align Technology, Inc., with the last 20 days included, was set at 60.36%, having Stochastic %D topping 52.42%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Align Technology, Inc. stocks with recording -13.88% in metrics.
Align Technology, Inc. Insider Watch:
Similarly, 92.72% of the company’s float is held by institutions – and there are 899 institutions in total holding shares of this company. The top three institutional holders of ALGN stocks are: Vanguard Group, Inc. (The) with ownership of $2.17 billion, which is approximately 7,933,267 of the company’s shares; Blackrock Inc., holding 7,107,048 shares of the stock with an approximate value of $1.95 billion; and Private Advisor Group, LLC, currently with more than 3,786,588 shares of the company valued at $1.04 billion. Positions in Align Technology, Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 26 insider purchases amounting to 215,557 shares. Similarly, there were 20 sale transactions amounting to 302,040 shares, with the net shares purchased during the last six months reaching -86,483.