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Align Technology, Inc. (NASDAQ: ALGN) closed the day trading at $242.19 down -0.17% from the previous closing price of $242.61. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 1.21 million shares were traded. ALGN stock price reached its highest trading level at $244.55 during the session, while it also had its lowest trading level at $240.51.
Ratios:
For a better understanding of ALGN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.09. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.23. 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 18232473600 and an Enterprise Value of 17459982336. As of this moment, Align’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.91, and their Forward P/E ratio for the next fiscal year is 22.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.66 while its Price-to-Book (P/B) ratio in mrq is 4.85. Its current Enterprise Value per Revenue stands at 4.458 whereas that against EBITDA is 21.376.
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 -12.71%, while the 200-Day Moving Average is calculated to be -12.01%.
Shares Statistics:
Over the past 3-months, ALGN traded about 707.51K shares per day on average, while over the past 10 days, ALGN traded about 936240 shares per day. A total of 75.08M shares are outstanding, with a floating share count of 70.24M. Insiders hold about 6.69% of the company’s shares, while institutions hold 88.47% stake in the company. Shares short for ALGN as of 1715731200 were 1501560 with a Short Ratio of 2.17, compared to 1713139200 on 1381886. Therefore, it implies a Short% of Shares Outstanding of 1501560 and a Short% of Float of 2.55.
