A new trading day began on May 23, 2023, with Align Technology Inc. (NASDAQ: ALGN) stock priced at $295.90, down -6.08% from the previous day of trading. During the day, the shares moved up to $303.10 and dropped to $281.29 before settling in for the closing price of $300.83. ALGN’s price has ranged from $172.05 to $368.87 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 20.40%. Meanwhile, its annual earnings per share averaged -52.40%. With a float of $73.17 million, this company’s outstanding shares have now reached $76.92 million.
The extent of productivity of a business whose workforce counts for 23165 workers is very important to gauge. In terms of profitability, gross margin is +70.96, operating margin of +17.51, and the pretax margin is +16.04.
Align Technology Inc. (ALGN) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Align Technology Inc. is 0.30%, while institutional ownership is 89.30%. The most recent insider transaction that took place on Feb 08, was worth 999,912. In this transaction President and CEO of this company bought 2,928 shares at a rate of $341.50, taking the stock ownership to the 188,417 shares. Before that another transaction happened on Feb 08, when Company’s EVP & Chief Financial Officer bought 587 for $341.84, making the entire transaction worth $200,660. This insider now owns 8,204 shares in total.
Align Technology Inc. (ALGN) Performance Highlights and Predictions
In its latest quarterly report, released on 3/30/2023, the company reported earnings of $1.82 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +9.68 while generating a return on equity of 10.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -52.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 43.25% during the next five years compared to 3.60% growth over the previous five years of trading.
Align Technology Inc. (NASDAQ: ALGN) Trading Performance Indicators
Here are Align Technology Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.88. Likewise, its price to free cash flow for the trailing twelve months is 46.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.04, a number that is poised to hit 2.03 in the next quarter and is forecasted to reach 9.96 in one year’s time.
Technical Analysis of Align Technology Inc. (ALGN)
The latest stats from [Align Technology Inc., ALGN] show that its last 5-days average volume of 0.81 million was inferior to 0.95 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 32.67%. Additionally, its Average True Range was 11.11.
During the past 100 days, Align Technology Inc.’s (ALGN) raw stochastic average was set at 48.39%, which indicates a significant increase from 3.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.79% in the past 14 days, which was lower than the 57.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $319.47, while its 200-day Moving Average is $261.45. Now, the first resistance to watch is $296.67. This is followed by the second major resistance level at $310.79. The third major resistance level sits at $318.48. If the price goes on to break the first support level at $274.86, it is likely to go to the next support level at $267.17. Assuming the price breaks the second support level, the third support level stands at $253.05.
Align Technology Inc. (NASDAQ: ALGN) Key Stats
With a market capitalization of 21.80 billion, the company has a total of 76,517K Shares Outstanding. Currently, annual sales are 3,735 M while annual income is 361,570 K. The company’s previous quarter sales were 943,150 K while its latest quarter income was 87,800 K.
