Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Align Technology, Inc.’s stock clocked out at $300.14, down -1.63% from its previous closing price of $305.10. In other words, the price has decreased by -$1.63 from its previous closing price. On the day, 0.57 million shares were traded. ALGN stock price reached its highest trading level at $307.52 during the session, while it also had its lowest trading level at $296.9.
Ratios:
To gain a deeper understanding of ALGN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.85. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 22594328576 and an Enterprise Value of 21695631360. As of this moment, Align’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.63, and their Forward P/E ratio for the next fiscal year is 27.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.84 while its Price-to-Book (P/B) ratio in mrq is 6.05. Its current Enterprise Value per Revenue stands at 5.617 whereas that against EBITDA is 27.152.
Stock Price History:
The Beta on a monthly basis for ALGN is 1.64, which has changed by -0.14827323 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. 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 -3.44%, while the 200-Day Moving Average is calculated to be 2.16%.
Shares Statistics:
It appears that ALGN traded 755.78K shares on average per day over the past three months and 603990 shares per day over the past ten days. A total of 75.10M shares are outstanding, with a floating share count of 70.16M. Insiders hold about 6.58% of the company’s shares, while institutions hold 88.11% stake in the company. Shares short for ALGN as of 1711584000 were 1408108 with a Short Ratio of 1.86, compared to 1709164800 on 1653418. Therefore, it implies a Short% of Shares Outstanding of 1408108 and a Short% of Float of 2.1300000999999997.
Earnings Estimates
The dynamic stock of Align Technology, Inc. (ALGN) is currently attracting attention from 11 analysts actively involved in rating its market status.On average, analysts expect EPS of $1.97 for the current quarter, with a high estimate of $2.03 and a low estimate of $1.88, while EPS last year was $1.82. The consensus estimate for the next quarter is $2.38, with high estimates of $2.46 and low estimates of $2.23.
Analysts are recommending an EPS of between $9.69 and $8.05 for the fiscal current year, implying an average EPS of $9.28. EPS for the following year is $10.51, with 15 analysts recommending between $11.34 and $8.89.
Revenue Estimates
In the current quarter, 10 analysts expect revenue to total $974.41M. It ranges from a high estimate of $988.4M to a low estimate of $967.8M. As of the current estimate, Align Technology, Inc.’s year-ago sales were $943.15M, an estimated increase of 3.30% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $1.03B, an increase of 3.00% less than the figure of $3.30% in the same quarter last year. There is a high estimate of $1.05B for the next quarter, whereas the lowest estimate is $1.01B.
A total of 14 analysts have provided revenue estimates for ALGN’s current fiscal year. The highest revenue estimate was $4.09B, while the lowest revenue estimate was $3.99B, resulting in an average revenue estimate of $4.05B. In the same quarter a year ago, actual revenue was $3.86B, up 4.80% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $4.47B in the next fiscal year. The high estimate is $5.06B and the low estimate is $4.32B. The average revenue growth estimate for next year is up 10.60% from the average revenue estimate for this year.
