Align Technology, Inc. (NASDAQ: ALGN) on November 20, 2023, started off the session at the price of $206.10, soaring 4.16% from the previous trading day. During the day, the shares moved up to $216.025 and dropped to $206.10 before settling in for the closing price of $206.64. Within the past 52 weeks, ALGN’s price has moved between $176.34 and $413.20.
A company in the Healthcare sector has jumped its sales by 22.59% annually for the last half of the decade. The company achieved an average annual earnings per share of 8.13%. With a float of $71.62 million, this company’s outstanding shares have now reached $77.27 million.
In an organization with 23165 employees, it is important to assess its efficiency. 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
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Align Technology, Inc. is 6.49%, while institutional ownership is 88.13%. The most recent insider transaction that took place on Nov 09, was worth 999,845. In this transaction President and CEO of this company bought 5,194 shares at a rate of $192.50, taking the stock ownership to the 208,664 shares. Before that another transaction happened on Oct 31, when Company’s President and CEO bought 5,319 for $188.00, making the entire transaction worth $999,972. This insider now owns 203,470 shares in total.
Align Technology, Inc. (ALGN) Performance Highlights and Predictions
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $2.14 earnings per share (EPS) for the period falling under the consensus outlook (set at $2.26) by -$0.12. 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 2.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.13% 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 10.25% growth over the previous five years of trading.
Align Technology, Inc. (NASDAQ: ALGN) Trading Performance Indicators
Align Technology, Inc. (ALGN) is currently performing well based on its current performance indicators. A quick ratio of 1.13 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.33. Likewise, its price to free cash flow for the trailing twelve months is 24.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.71, a number that is poised to hit 2.20 in the next quarter and is forecasted to reach 9.28 in one year’s time.
Technical Analysis of Align Technology, Inc. (ALGN)
Let’s dig in a bit further. During the last 5-days, its volume was 1.32 million. That was better than the volume of 0.9 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 79.11%. Additionally, its Average True Range was 9.71.
During the past 100 days, Align Technology, Inc.’s (ALGN) raw stochastic average was set at 16.42%, which indicates a significant decrease from 97.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.99% in the past 14 days, which was lower than the 60.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $257.33, while its 200-day Moving Average is $312.35. However, in the short run, Align Technology, Inc.’s stock first resistance to watch stands at $218.81. Second resistance stands at $222.38. The third major resistance level sits at $228.73. If the price goes on to break the first support level at $208.89, it is likely to go to the next support level at $202.53. Assuming the price breaks the second support level, the third support level stands at $198.96.
Align Technology, Inc. (NASDAQ: ALGN) Key Stats
Market capitalization of the company is 16.49 billion based on 76,589K outstanding shares. Right now, sales total 3,735 M and income totals 361,570 K. The company made 960,210 K in profit during its latest quarter, and 121,430 K in sales during its previous quarter.