After finishing at $327.82 in the prior trading day, Align Technology, Inc. (NASDAQ: ALGN) closed at $324.90, down -0.89%. In other words, the price has decreased by -$2.92 from its previous closing price. On the day, 515568 shares were traded.
Ratios:
Our goal is to gain a better understanding of ALGN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.56. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on February 26, 2024, initiated with a Market Perform rating and assigned the stock a target price of $310.
On December 11, 2023, Goldman Downgraded its rating to Sell which previously was Neutral but kept the price unchanged to $197.
UBS Downgraded its Buy to Neutral on October 27, 2023, while the target price for the stock was maintained at $200.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 29 ’24 when LACOB JOSEPH sold 15,000 shares for $303.22 per share. The transaction valued at 4,548,308 led to the insider holds 131,994 shares of the business.
LACOB JOSEPH sold 10,000 shares of ALGN for $3,130,075 on Feb 27 ’24. The Director now owns 146,994 shares after completing the transaction at $313.01 per share. On Feb 07 ’24, another insider, Wright Emory, who serves as the EVP, GLOBAL OPERATIONS of the company, sold 2,524 shares for $287.45 each. As a result, the insider received 725,533 and left with 709 shares of the company.
Valuation Measures:
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 24.45B 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 55.89, and their Forward P/E ratio for the next fiscal year is 30.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.32 while its Price-to-Book (P/B) ratio in mrq is 6.55. Its current Enterprise Value per Revenue stands at 6.11 whereas that against EBITDA is 29.54.
Stock Price History:
Over the past 52 weeks, ALGN has reached a high of $413.20, while it has fallen to a 52-week low of $176.34. The 50-Day Moving Average of the stock is 308.64, while the 200-Day Moving Average is calculated to be 294.30.
Shares Statistics:
The stock has traded on average 758.03K shares per day over the past 3-months and 606.68k shares per day over the last 10 days, according to various share statistics. A total of 75.10M shares are outstanding, with a floating share count of 70.16M. Insiders hold about 6.58% of the company’s shares, while institutions hold 88.13% stake in the company. Shares short for ALGN as of Mar 28, 2024 were 1.41M with a Short Ratio of 1.86, compared to 1.65M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.87% and a Short% of Float of 2.13%.
Earnings Estimates
Its stock is currently analyzed by 10 different market analysts. On average, analysts expect EPS of $1.96 for the current quarter, with a high estimate of $2.02 and a low estimate of $1.88, while EPS last year was $1.82. The consensus estimate for the next quarter is $2.38, with high estimates of $2.46 and low estimates of $2.23.
Analysts are recommending an EPS of between $9.69 and $8.05 for the fiscal current year, implying an average EPS of $9.26. EPS for the following year is $10.5, with 15 analysts recommending between $11.34 and $8.89.
Revenue Estimates
9 analysts predict $971.2M in revenue for the current quarter. It ranges from a high estimate of $974.83M to a low estimate of $967.41M. As of the current estimate, Align Technology, Inc.’s year-ago sales were $943.15M, an estimated increase of 3.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $1.03B, an increase of 2.80% less than the figure of $3.00% in the same quarter last year. There is a high estimate of $1.04B for the next quarter, whereas the lowest estimate is $1.01B.
A total of 14 analysts have provided revenue estimates for ALGN’s current fiscal year. The highest revenue estimate was $4.09B, while the lowest revenue estimate was $3.99B, resulting in an average revenue estimate of $4.04B. In the same quarter a year ago, actual revenue was $3.86B, up 4.70% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $4.43B in the next fiscal year. The high estimate is $4.6B and the low estimate is $4.32B. The average revenue growth estimate for next year is up 9.60% from the average revenue estimate for this year.
