As of close of business last night, Align Technology Inc.’s stock clocked out at $281.23, down -0.47% from its previous closing price of $282.55. In other words, the price has decreased by -$1.32 from its previous closing price. On the day, 752876 shares were traded. ALGN stock price reached its highest trading level at $284.02 during the session, while it also had its lowest trading level at $278.04.
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To gain a deeper understanding of ALGN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.23. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 08 when HOGAN JOSEPH M bought 2,928 shares for $341.50 per share. The transaction valued at 999,912 led to the insider holds 188,417 shares of the business.
Morici John bought 587 shares of ALGN for $200,660 on Feb 08. The EVP & Chief Financial Officer now owns 8,204 shares after completing the transaction at $341.84 per share. On Nov 02, another insider, HOGAN JOSEPH M, who serves as the President and CEO of the company, bought 10,600 shares for $188.58 each. As a result, the insider paid 1,998,987 and bolstered with 185,401 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALGN now has a Market Capitalization of 24.38B and an Enterprise Value of 23.60B. As of this moment, Align’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.59, and their Forward P/E ratio for the next fiscal year is 28.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.86 while its Price-to-Book (P/B) ratio in mrq is 6.22. Its current Enterprise Value per Revenue stands at 6.37 whereas that against EBITDA is 40.03.
Stock Price History:
Over the past 52 weeks, ALGN has reached a high of $368.87, while it has fallen to a 52-week low of $172.05. The 50-Day Moving Average of the stock is 318.68, while the 200-Day Moving Average is calculated to be 261.39.
It appears that ALGN traded 830.56K shares on average per day over the past three months and 717.36k shares per day over the past ten days. A total of 76.92M shares are outstanding, with a floating share count of 73.17M. Insiders hold about 0.30% of the company’s shares, while institutions hold 89.30% stake in the company. Shares short for ALGN as of Apr 27, 2023 were 2.31M with a Short Ratio of 2.31M, compared to 2.33M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.02% and a Short% of Float of 3.41%.
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.03 for the current quarter, with a high estimate of $2.06 and a low estimate of $2.01, while EPS last year was $2. The consensus estimate for the next quarter is $2.15, with high estimates of $2.24 and low estimates of $2.07.
Analysts are recommending an EPS of between $8.5 and $8.08 for the fiscal current year, implying an average EPS of $8.3. EPS for the following year is $9.96, with 11 analysts recommending between $10.8 and $9.61.
In the current quarter, 8 analysts expect revenue to total $991.04M. It ranges from a high estimate of $1B to a low estimate of $983.24M. As of the current estimate, Align Technology Inc.’s year-ago sales were $969.55M, an estimated increase of 2.20% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $992.15M, an increase of 4.10% over than the figure of $2.20% in the same quarter last year. There is a high estimate of $1.01B for the next quarter, whereas the lowest estimate is $962.18M.
A total of 12 analysts have provided revenue estimates for ALGN’s current fiscal year. The highest revenue estimate was $4.01B, while the lowest revenue estimate was $3.81B, resulting in an average revenue estimate of $3.94B. In the same quarter a year ago, actual revenue was $3.73B, up 5.50% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $4.4B in the next fiscal year. The high estimate is $4.57B and the low estimate is $4.09B. The average revenue growth estimate for next year is up 11.50% from the average revenue estimate for this year.