The stock of Align Technology, Inc (ALGN) has seen a 2.40% increase in the past week, with a 5.62% gain in the past month, and a -1.30% decrease in the past quarter. The volatility ratio for the week is 4.22%, and the volatility levels for the past 30 days are at 3.67% for ALGN. The simple moving average for the last 20 days is 3.17% for ALGN stock, with a simple moving average of -11.93% for the last 200 days.
Is It Worth Investing in Align Technology, Inc (NASDAQ: ALGN) Right Now?
Align Technology, Inc (NASDAQ: ALGN) has a higher price-to-earnings ratio of 38.86x compared to its average ratio. ALGN has 36-month beta value of 1.67. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 7 as “overweight,” 6 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for ALGN is 69.71M, and currently, short sellers hold a 4.16% ratio of that float. The average trading volume of ALGN on November 27, 2024 was 771.90K shares.
ALGN) stock’s latest price update
Align Technology, Inc (NASDAQ: ALGN)’s stock price has plunge by -5.23relation to previous closing price of 240.52. Nevertheless, the company has seen a 2.40% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that Align Technology (ALGN) reported earnings 30 days ago. What’s next for the stock?
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 0.04% 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 -32.04% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 4.22%, as shares surge +7.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.97% lower at present.
During the last 5 trading sessions, ALGN rose by +2.40%, which changed the moving average for the period of 200-days by -24.64% in comparison to the 20-day moving average, which settled at $220.93. In addition, Align Technology, Inc saw -16.81% 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 Wright Emory, who proposed sale 2,500 shares at the price of $232.94 back on Nov 25 ’24. After this action, Wright Emory now owns shares of Align Technology, Inc, valued at $582,362 using the latest closing price.
LARKIN C RAYMOND JR, the Director of Align Technology, Inc, purchase 6,500 shares at $235.33 during a trade that took place back on Aug 15 ’24, which means that LARKIN C RAYMOND JR is holding 28,247 shares at $1,529,645 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 0.11. The total capital return value is set at 0.16. Equity return is now at value 11.40, with 6.96 for asset returns.
Currently, EBITDA for the company is 799.04 million with net debt to EBITDA at -1.13. When we switch over and look at the enterprise to sales, we see a ratio of 4.07. The receivables turnover for the company is 3.42for 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
To put it simply, Align Technology, Inc (ALGN) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
