In the past week, ALGN stock has gone down by -5.29%, with a monthly decline of -18.40% and a quarterly plunge of -5.36%. The volatility ratio for the week is 3.02%, and the volatility levels for the last 30 days are 3.89% for Align Technology, Inc. The simple moving average for the past 20 days is -10.83% for ALGN’s stock, with a -7.08% simple moving average for the past 200 days.
Is It Worth Investing in Align Technology, Inc. (NASDAQ: ALGN) Right Now?
The price-to-earnings ratio for Align Technology, Inc. (NASDAQ: ALGN) is above average at 44.40x. The 36-month beta value for ALGN is also noteworthy at 1.65. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 7 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ALGN is 70.34M, and at present, short sellers hold a 1.96% of that float. The average trading volume of ALGN on May 08, 2024 was 627.75K shares.
ALGN) stock’s latest price update
Align Technology, Inc. (NASDAQ: ALGN) has seen a decline in its stock price by -5.95 in relation to its previous close of 286.52. However, the company has experienced a -5.29% decline in its stock price over the last five trading sessions. 24/7 Wall Street reported 2024-05-08 that Align Technology (NASDAQ: ALGN), most notably the makers of Invisalign aligners specializes in orthodontic devices and restorative treatment has been through a whirlwind the past 2 years, with its stock price dropping 60% since its high in September 2021.
Analysts’ Opinion of ALGN
Many brokerage firms have already submitted their reports for ALGN stocks, with Leerink Partners repeating the rating for ALGN by listing it as a “Market Perform.” The predicted price for ALGN in the upcoming period, according to Leerink Partners is $310 based on the research report published on February 26, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see ALGN reach a price target of $197. The rating they have provided for ALGN stocks is “Sell” according to the report published on December 11th, 2023.
UBS gave a rating of “Neutral” to ALGN, setting the target price at $200 in the report published on October 27th of the previous year.
ALGN Trading at -13.02% from the 50-Day Moving Average
After a stumble in the market that brought ALGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.78% of loss for the given period.
Volatility was left at 3.89%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares sank -18.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.35% lower at present.
During the last 5 trading sessions, ALGN fell by -5.12%, which changed the moving average for the period of 200-days by -20.44% in comparison to the 20-day moving average, which settled at $299.22. In addition, Align Technology, Inc. saw -1.65% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALGN starting from LACOB JOSEPH, who sale 15,000 shares at the price of $303.22 back on Feb 29 ’24. After this action, LACOB JOSEPH now owns 131,994 shares of Align Technology, Inc., valued at $4,548,308 using the latest closing price.
LACOB JOSEPH, the Director of Align Technology, Inc., sale 10,000 shares at $313.01 during a trade that took place back on Feb 27 ’24, which means that LACOB JOSEPH is holding 146,994 shares at $3,130,075 based on the most recent closing price.
Stock Fundamentals for ALGN
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.7 for the gross margin
The net margin for Align Technology, Inc. stands at 0.12. The total capital return value is set at 0.16. Equity return is now at value 12.77, with 7.67 for asset returns.
Based on Align Technology, Inc. (ALGN), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 4.86. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 671.9.
Currently, EBITDA for the company is 812.37 million with net debt to EBITDA at -1.06. When we switch over and look at the enterprise to sales, we see a ratio of 4.96. The receivables turnover for the company is 3.38for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
In summary, Align Technology, Inc. (ALGN) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
