Align Technology Inc. (NASDAQ:ALGN) saw a downside of -7.93% to $577.65 after subtracting -$49.78 on Wednesday. The 5-day average trading volume is 432,704 shares of the company’s common stock. It has gained $671.90 in the past week. An average of 488,411 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 473,532.
ALGN’s 1-month performance is -11.71% or -$132.78 on its low of $572.51 reached on 10/13/21. The company’s shares have touched a 52-week low of $322.87 and high of $737.45, with the stock’s rally to the 52-week high happening on 09/23/21. YTD, ALGN has achieved 17.41% or $43.52. However, the current price is down -21.67%% from the 52-week high price.
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On Aug 24, 50 days have gone by since the last insider trading activity for Align Technology Inc. (ALGN). Thaler Warren S (Director) most recently sold 5,000 shares at $711.54 per share on Aug 24. This transaction cost the insider $3,557,723. SVP, Chief Legal & Regulatory, Coletti Julie Ann, sold 782 shares at a price of $710.00 on Aug 04. Then, on Aug 03, Director SANTORA GREG J sold 2,500 shares at a price of $701.34 per share. This transaction amounted to $1,753,338.
The company’s PE ratio for the last five years has touched a high of 117.12 and a low of 6.376. ALGN stock has a beta of 1.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 14.66 while the price-to-book (PB) in the most recent quarter is 14.65, with the price to cash flow ratio at 56.92.
Align Technology Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.30 meaning that ALGN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 74.30%. The trailing 12-month EBITDA margin is 20.35% while for the period ending June 29; Align Technology Inc.’s operating margin was 25.50%. The firm’s gross profit as reported stood at $1.76 billion against revenue of $2.47 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ALGN to announce $2.53 per share in earnings in its latest quarter, but it posted $3.04, representing a 20.20% surprise. EBITDA for the quarter stood at more than $294.79 million. ALGN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.01 billion, with total debt at $96.73 million. Shareholders hold equity totaling $79.01 million
Let’s look briefly at Align Technology Inc. (ALGN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 15.73% to suggest the stock is trending oversold, with historical volatility in this time period at 43.22%.
The stock’s 5-day moving average is $628.43, reflecting a -11.18% or -$72.75 change from its current price. ALGN is currently trading -18.64% above its 20-day SMA, -2.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -17.60% and +10.95% respectively.
Stochastic %K and %D was 2.99% and 5.67% and the average true range (ATR) pointed at 22.38. The RSI (14) points at 22.06%, while the 14-day stochastic is at 3.50% with the period’s ATR at 21.13. The stock’s 9-day MACD Oscillator is pointing at -25.81 and -43.74 on the 14-day charts.
Analysts offering their rating for ALGN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ALGN as a “sell,”, while 2 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is ALGN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $500.00 and a high of $825.00, with their median price target at $750.00. Looking at these predictions, the average price target given by analysts is for Align Technology Inc. (ALGN) stock is $741.92.