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After finishing at $253.01 in the prior trading day, Align Technology, Inc. (NASDAQ: ALGN) closed at $257.17, up 1.64%. In other words, the price has increased by $1.64 from its previous closing price. On the day, 0.51 million shares were traded. ALGN stock price reached its highest trading level at $260.88 during the session, while it also had its lowest trading level at $256.48.
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 24.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.47. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 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 Aug 15 ’24 when LARKIN C RAYMOND JR bought 6,500 shares for $235.33 per share. The transaction valued at 1,529,645 led to the insider holds 28,247 shares of the business.
LACOB JOSEPH sold 15,000 shares of ALGN for $4,548,308 on Feb 29 ’24. The Director now owns 131,994 shares after completing the transaction at $303.22 per share. On Feb 27 ’24, another insider, LACOB JOSEPH, who serves as the Director of the company, sold 10,000 shares for $313.01 each. As a result, the insider received 3,130,075 and left with 146,994 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 19209854976 and an Enterprise Value of 18556823552. As of this moment, Align’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.63, and their Forward P/E ratio for the next fiscal year is 24.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.87 while its Price-to-Book (P/B) ratio in mrq is 5.11. Its current Enterprise Value per Revenue stands at 4.706 whereas that against EBITDA is 22.538.
Stock Price History:
Over the past 52 weeks, ALGN has reached a high of $335.40, while it has fallen to a 52-week low of $176.34. The 50-Day Moving Average of the stock is 10.60%, while the 200-Day Moving Average is calculated to be -3.77%.
Shares Statistics:
The stock has traded on average 806.38K shares per day over the past 3-months and 677510 shares per day over the last 10 days, according to various share statistics. A total of 75.08M shares are outstanding, with a floating share count of 69.53M. Insiders hold about 6.92% of the company’s shares, while institutions hold 88.04% stake in the company. Shares short for ALGN as of 1724976000 were 2731874 with a Short Ratio of 3.39, compared to 1722384000 on 2244018. Therefore, it implies a Short% of Shares Outstanding of 2731874 and a Short% of Float of 4.6899999999999995.
