Align Technology, Inc.[ALGN] stock saw a move by 2.08% on Thursday, touching 1.67 million. Based on the recent volume, Align Technology, Inc. stock traders appear to be active. The most recent trading volume of ALGN shares recorded 78.59M shares, which represents the daily volume of traded shares. Analysts estimates state that Align Technology, Inc. [ALGN] stock could reach median target price of $264.50.
Align Technology, Inc. [ALGN] stock additionally went up by +4.00% in the period of the 7 days, recording a gain in performance by 3.36% in the last 30 days. The yearly more of ALGN stock is set at -53.27% by far, with shares price recording returns by -39.00% in the latest quarter. Over the past six months, ALGN shares showcased -35.75% decrease. ALGN saw -53.84% change opposing the low price in the last 12 months, also recording 8.40% compared to high within the same period of time.
Align Technology, Inc. [NASDAQ:ALGN]: Analyst Rating and Earnings
Its stock price has been found in the range of 169.84 to 398.88. This is compared to its latest closing price of $180.36.
Keep your eyes on this company’s next financial results, which are scheduled to be made public on Wed 23 Oct (In 33 Days).
Fundamental Analysis of Align Technology, Inc. [ALGN]
Now let’s turn to look at profitability: with a current Operating Margin for Align Technology, Inc. [ALGN] sitting at +23.73 and its Gross Margin at +74.39, this company’s Net Margin is now 19.10%. These measurements indicate that Align Technology, Inc. [ALGN] is generating considerably more profit, after expenses are accounted for, compared to its market peers.
This company’s Return on Total Capital is 38.83, and its Return on Invested Capital has reached 32.60%. Its Return on Equity is 33.31, and its Return on Assets is 20.90. These metrics all suggest that Align Technology, Inc. is doing well at using the money it earns to generate returns.
What about valuation? This company’s Enterprise Value to EBITDA is 25.78. The Enterprise Value to Sales for this firm is now 6.14. Align Technology, Inc. [ALGN] has a Price to Book Ratio of 13.34, a Price to Cash Flow Ratio of 30.72 and P/E Ratio of 35.67. These metrics suggest that this publicly-traded organization will not likely result in investment gains.
Shifting the focus to workforce efficiency, Align Technology, Inc. [ALGN] earns $168,653 for each employee under its payroll. Similarly, this company’s Receivables Turnover is 5.16 and its Total Asset Turnover is 1.03. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 1.80 and its Current Ratio is 1.88. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Align Technology, Inc. [ALGN] has 78.59M shares outstanding, amounting to a total market cap of $14.17B. Its stock price has been found in the range of 169.84 to 398.88. At its current price, it has moved down by -53.84% from its 52-week high, and it has moved up 8.40% from its 52-week low.
This stock’s Beta value is currently 1.97, which indicates that it is 2.57% more volatile that the wider market. This stock’s Relative Strength Index (RSI) is at 43.79. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Align Technology, Inc. [ALGN] a Reliable Buy?
Shares of Align Technology, Inc. [ALGN], overall, appear to be a solid investment option, with Wall Street analysts expecting its price to rise considerably in the next 12 months. This company generates high value from the labor resources and other capital it has available, and while it has heavy Long-Term Debt to Equity, the majority of the metrics point to this investment being highly attractive.