Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $215.82 in the prior trading day, Align Technology, Inc (NASDAQ: ALGN) closed at $214.75, down -0.50%. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 0.89 million shares were traded. ALGN stock price reached its highest trading level at $217.62 during the session, while it also had its lowest trading level at $212.62.
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 15.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 the company, Leerink Partners on January 06, 2025, Upgraded its rating to Outperform and sets its target price to $280 from $235 previously.
On December 04, 2024, Mizuho started tracking the stock assigning a Outperform rating and target price of $295.
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 Nov 25 ’24 when Wright Emory bought 2,500 shares for $232.94 per share.
LARKIN C RAYMOND JR bought 6,500 shares of ALGN for $1,529,645 on Aug 15 ’24. The Director now owns 28,247 shares after completing the transaction at $235.33 per share. On Feb 29 ’24, another insider, LACOB JOSEPH, who serves as the Director of the company, sold 15,000 shares for $303.22 each. As a result, the insider received 4,548,308 and left with 131,994 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 16031754240 and an Enterprise Value of 15117412352. As of this moment, Align’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.61, and their Forward P/E ratio for the next fiscal year is 21.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.05 while its Price-to-Book (P/B) ratio in mrq is 4.07. Its current Enterprise Value per Revenue stands at 3.817 whereas that against EBITDA is 18.432.
Stock Price History:
The Beta on a monthly basis for ALGN is 1.67, which has changed by -0.24201876 over the last 52 weeks, in comparison to a change of 0.2000997 over the same period for the S&P500. Over the past 52 weeks, ALGN has reached a high of $335.40, while it has fallen to a 52-week low of $196.09. The 50-Day Moving Average of the stock is -3.83%, while the 200-Day Moving Average is calculated to be -9.92%.
Shares Statistics:
The stock has traded on average 707.31K shares per day over the past 3-months and 760360 shares per day over the last 10 days, according to various share statistics. A total of 74.76M shares are outstanding, with a floating share count of 69.95M. Insiders hold about 6.31% of the company’s shares, while institutions hold 90.35% stake in the company. Shares short for ALGN as of 1736899200 were 2341749 with a Short Ratio of 3.31, compared to 1734048000 on 2659775. Therefore, it implies a Short% of Shares Outstanding of 2341749 and a Short% of Float of 4.03.
Earnings Estimates
The stock of Align Technology, Inc (ALGN) is currently in the spotlight, with 12.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $2.3, with high estimates of $2.52 and low estimates of $2.14.
Analysts are recommending an EPS of between $9.42 and $9.22 for the fiscal current year, implying an average EPS of $9.33. EPS for the following year is $10.21, with 16.0 analysts recommending between $10.52 and $9.92.
Revenue Estimates
12 analysts predict $999.16M in revenue for the current quarter. It ranges from a high estimate of $1.01B to a low estimate of $985.5M. As of the current estimate, Align Technology, Inc’s year-ago sales were $956.73MFor the next quarter, 12 analysts are estimating revenue of $1.03B. There is a high estimate of $1.06B for the next quarter, whereas the lowest estimate is $990M.
A total of 16 analysts have provided revenue estimates for ALGN’s current fiscal year. The highest revenue estimate was $4.01B, while the lowest revenue estimate was $3.98B, resulting in an average revenue estimate of $4B. In the same quarter a year ago, actual revenue was $3.86BBased on 17 analysts’ estimates, the company’s revenue will be $4.25B in the next fiscal year. The high estimate is $4.43B and the low estimate is $4.12B.
