The stock of Align Technology, Inc. (ALGN) has gone down by -0.44% for the week, with a 3.93% rise in the past month and a -14.98% drop in the past quarter. The volatility ratio for the week is 3.69%, and the volatility levels for the past 30 days are 2.88% for ALGN. The simple moving average for the past 20 days is 4.67% for ALGN’s stock, with a -4.83% simple moving average for the past 200 days.
Is It Worth Investing in Align Technology, Inc. (NASDAQ: ALGN) Right Now?
Align Technology, Inc. (NASDAQ: ALGN) has a price-to-earnings ratio that is above its average at 42.04x. The stock has a 36-month beta value of 1.66. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 7 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ALGN is 70.24M, and at present, short sellers hold a 2.87% of that float. On July 18, 2024, the average trading volume of ALGN was 773.96K shares.
ALGN) stock’s latest price update
Align Technology, Inc. (NASDAQ: ALGN) has experienced a rise in its stock price by 1.83 compared to its previous closing price of 250.58. However, the company has seen a fall of -0.44% in its stock price over the last five trading days. zacks.com reported 2024-07-17 that Align Technology (ALGN) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 -0.27% 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 -38.25% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.69%, as shares surge +5.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.99% lower at present.
During the last 5 trading sessions, ALGN fell by -0.20%, which changed the moving average for the period of 200-days by -16.22% in comparison to the 20-day moving average, which settled at $244.46. In addition, Align Technology, Inc. saw -6.87% 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 4.72. 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
To sum up, Align Technology, Inc. (ALGN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
