Align Technology, Inc (NASDAQ: ALGN)’s stock price has plunge by -2.12relation to previous closing price of 210.86. Nevertheless, the company has seen a -4.64% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-10-28 that Align Technology unveils Invisalign Smile Architect software with Multiple Treatment Plans for providing customised treatment.
Is It Worth Investing in Align Technology, Inc (NASDAQ: ALGN) Right Now?
Align Technology, Inc (NASDAQ: ALGN) has a price-to-earnings ratio of 35.19x that is above its average ratio. Additionally, the 36-month beta value for ALGN is 1.63. 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.”
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The public float for ALGN is 69.53M and currently, short sellers hold a 4.30% ratio of that float. The average trading volume of ALGN on October 31, 2024 was 778.77K shares.
ALGN’s Market Performance
ALGN’s stock has seen a -4.64% decrease for the week, with a -13.31% drop in the past month and a -3.33% fall in the past quarter. The volatility ratio for the week is 4.28%, and the volatility levels for the past 30 days are at 2.88% for Align Technology, Inc The simple moving average for the past 20 days is -6.29% for ALGN’s stock, with a -21.69% simple moving average for the past 200 days.
Analysts’ Opinion of ALGN
Leerink Partners, on the other hand, stated in their research note that they expect to see ALGN reach a price target of $310. The rating they have provided for ALGN stocks is “Market Perform” according to the report published on February 26th, 2024.
Goldman gave a rating of “Sell” to ALGN, setting the target price at $197 in the report published on December 11th of the previous year.
ALGN Trading at -10.82% 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 -38.47% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 4.28%, as shares sank -12.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.16% lower at present.
During the last 5 trading sessions, ALGN fell by -4.57%, which changed the moving average for the period of 200-days by -20.43% in comparison to the 20-day moving average, which settled at $220.23. In addition, Align Technology, Inc saw -24.68% 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 LARKIN C RAYMOND JR, who purchase 6,500 shares at the price of $235.33 back on Aug 15 ’24. After this action, LARKIN C RAYMOND JR now owns 28,247 shares of Align Technology, Inc, valued at $1,529,645 using the latest closing price.
LACOB JOSEPH, the Director of Align Technology, Inc, sale 15,000 shares at $303.22 during a trade that took place back on Feb 29 ’24, which means that LACOB JOSEPH is holding 131,994 shares at $4,548,308 based on the most recent closing price.
Stock Fundamentals for ALGN
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.7 for the gross margin
The net margin for Align Technology, Inc stands at 0.11. The total capital return value is set at 0.15. Equity return is now at value 11.40, with 6.96 for asset returns.
Based on Align Technology, Inc (ALGN), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 2.4. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 486.15.
Currently, EBITDA for the company is 812.37 million with net debt to EBITDA at -1.41. When we switch over and look at the enterprise to sales, we see a ratio of 3.67. The receivables turnover for the company is 3.92for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
In conclusion, Align Technology, Inc (ALGN) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.