In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $210.86 in the prior trading day, Align Technology, Inc (NASDAQ: ALGN) closed at $205.03, down -2.76%. In other words, the price has decreased by -$2.76 from its previous closing price. On the day, 1.03 million shares were traded. ALGN stock price reached its highest trading level at $211.76 during the session, while it also had its lowest trading level at $204.93.
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 14.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.84. 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 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
On February 26, 2024, Leerink Partners started tracking the stock assigning a Market Perform rating and target price of $310.
Goldman Downgraded its Neutral to Sell on December 11, 2023, while the target price for the stock was maintained at $197.
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 15758318592 and an Enterprise Value of 14377622528. As of this moment, Align’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.96, and their Forward P/E ratio for the next fiscal year is 20.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.87 while its Price-to-Book (P/B) ratio in mrq is 4.08. Its current Enterprise Value per Revenue stands at 3.63 whereas that against EBITDA is 17.496.
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 $178.52. The 50-Day Moving Average of the stock is -11.39%, while the 200-Day Moving Average is calculated to be -22.20%.
Shares Statistics:
The stock has traded on average 778.77K shares per day over the past 3-months and 1096740 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 88.51% stake in the company. Shares short for ALGN as of 1728950400 were 2990906 with a Short Ratio of 3.84, compared to 1726185600 on 2941236. Therefore, it implies a Short% of Shares Outstanding of 2990906 and a Short% of Float of 5.140000000000001.
