Align Technology, Inc (NASDAQ: ALGN)’s stock price has increased by 0.42 compared to its previous closing price of 212.69. However, the company has seen a -9.39% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-12-09 that Investors need to pay close attention to Align Technology (ALGN) stock based on the movements in the options market lately.
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 36.41x. The 36-month beta value for ALGN is also noteworthy at 1.67. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it 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 69.80M, and at present, short sellers hold a 3.63% of that float. The average trading volume of ALGN on December 20, 2024 was 777.39K shares.
ALGN’s Market Performance
The stock of Align Technology, Inc (ALGN) has seen a -9.39% decrease in the past week, with a -4.04% drop in the past month, and a -15.53% fall in the past quarter. The volatility ratio for the week is 3.72%, and the volatility levels for the past 30 days are at 3.56% for ALGN. The simple moving average for the last 20 days is -7.52% for ALGN stock, with a simple moving average of -15.51% for the last 200 days.
Analysts’ Opinion of ALGN
Many brokerage firms have already submitted their reports for ALGN stocks, with Mizuho repeating the rating for ALGN by listing it as a “Outperform.” The predicted price for ALGN in the upcoming period, according to Mizuho is $295 based on the research report published on December 04, 2024 of the current year 2024.
Leerink Partners gave a rating of “Market Perform” to ALGN, setting the target price at $310 in the report published on February 26th of the current year.
ALGN Trading at -4.30% 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 -36.32% of loss for the given period.
Volatility was left at 3.56%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares sank -4.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.64% lower at present.
During the last 5 trading sessions, ALGN fell by -9.39%, which changed the moving average for the period of 200-days by -29.69% in comparison to the 20-day moving average, which settled at $230.96. In addition, Align Technology, Inc saw -22.05% 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 3.79. 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
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.
