Align Technology Inc. (NASDAQ:ALGN) finished Friday with a subtraction of -$1.24 to close at $210.90, a downside of -0.58 percent. An average of 842,400 shares of common stock have been traded in the last five days. There was a gain of $7.41 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 974,580 shares traded, while the 50-day average volume stands at 1,136,656.
ALGN stock has increased by 7.24% in the last month. The company shares reached their 1-month lowest point of $183.26 on 12/06/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $172.05 and a high of $674.89 in 52 weeks. It has reached a new high 1 time so far this year and lost -67.91% or -$446.28 in price. In spite of this, the price is down -68.75% from the 52-week high.
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Align Technology Inc. (ALGN) has a trailing price-to-earnings (P/E) ratio of 32.65. The stock’s beta is 1.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.26, the price-to-book (PB) ratio at 4.46, and the price-to-cash flow ratio at 47.15.
The quick ratio of Align Technology Inc. for the three months ended September 29 was 1.20, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $2.94 billion compared to revenue of $3.95 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Align Technology Inc.’s return on assets was 8.70%.
For the three-month period that ended September 29, Align Technology Inc. had $46.24 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $72.7 million in the quarter, while revenues of $112.8 million were shrunk -148.93%. The analyst consensus anticipated Align Technology Inc.’s latest quarter earnings to come in at $2.18 per share, but it turned out to be $1.36, a -37.60% surprise. For the quarter, EBITDA amounted to $175.84 million. Shareholders own equity worth $78.11 million.
From a technical analysis perspective, let’s take a brief look at Align Technology Inc. (ALGN) price momentum. RSI 9-day as of the close on 30 December was 66.55%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.83%.
As of today, ALGN’s price is $206.58 +3.64% or $7.41 from its 5-day moving average. ALGN is currently trading +4.52% higher than its 20-day SMA and -22.93% lower than its 100-day SMA. However, the stock’s current price level is +2.89% above the SMA50 and -49.86% below the SMA200.
The stochastic %K and %D were 73.64% and 66.72%, respectively, and the average true range (ATR) was 8.20. With the 14-day stochastic at 82.46% and the average true range at 8.62, the RSI (14) stands at 60.55%. The stock has reached 3.74 on the 9-day MACD Oscillator while the 14-day reading was at 6.08.
Goldman downgraded Align Technology Inc. (NASDAQ: ALGN) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Buy.