The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
After finishing at $224.45 in the prior trading day, Align Technology, Inc (NASDAQ: ALGN) closed at $225.36, up 0.41%. In other words, the price has increased by $0.41 from its previous closing price. On the day, 0.89 million shares were traded. ALGN stock price reached its highest trading level at $231.8 during the session, while it also had its lowest trading level at $224.53.
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 16.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.10. 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 16823823360 and an Enterprise Value of 15841547264. As of this moment, Align’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.42, and their Forward P/E ratio for the next fiscal year is 22.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.25 while its Price-to-Book (P/B) ratio in mrq is 4.27. Its current Enterprise Value per Revenue stands at 4.0 whereas that against EBITDA is 19.315.
Stock Price History:
The Beta on a monthly basis for ALGN is 1.67, which has changed by -0.18054032 over the last 52 weeks, in comparison to a change of 0.21794415 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 0.69%, while the 200-Day Moving Average is calculated to be -5.99%.
Shares Statistics:
The stock has traded on average 694.20K shares per day over the past 3-months and 568110 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 69.80M. Insiders hold about 6.50% of the company’s shares, while institutions hold 89.87% stake in the company. Shares short for ALGN as of 1736899200 were 2341749 with a Short Ratio of 3.37, compared to 1734048000 on 2659775. Therefore, it implies a Short% of Shares Outstanding of 2341749 and a Short% of Float of 4.03.
