On Tuesday, Align Technology, Inc. (NASDAQ: ALGN) opened higher 3.18% from the last session ,before settling in for the closing price of $320.06. Price fluctuations for ALGN have ranged from $176.34 to $413.20 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales surged by 16.58% over the last five years. Company’s average yearly earnings per share was noted 8.59% at the time writing. With a float of $70.26 million, this company’s outstanding shares have now reached $75.10 million.
Align Technology, Inc. (ALGN) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Align Technology, Inc. is 6.46%, while institutional ownership is 88.14%. The most recent insider transaction that took place on Feb 29 ’24, was worth 4,548,308. In this transaction Director of this company sold 15,000 shares at a rate of $303.22, taking the stock ownership to the 131,994 shares. Before that another transaction happened on Feb 27 ’24, when Company’s Director sold 10,000 for $313.01, making the entire transaction worth $3,130,075. This insider now owns 146,994 shares in total.
Align Technology, Inc. (ALGN) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $2.42 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $2.18) by $0.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.50% during the next five years compared to 3.38% growth over the previous five years of trading.
Align Technology, Inc. (NASDAQ: ALGN) Trading Performance Indicators
Check out the current performance indicators for Align Technology, Inc. (ALGN). In the past quarter, the stock posted a quick ratio of 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.42. Likewise, its price to free cash flow for the trailing twelve months is 36.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.81, a number that is poised to hit 1.97 in the next quarter and is forecasted to reach 10.72 in one year’s time.
Technical Analysis of Align Technology, Inc. (ALGN)
Analysing the last 5-days average volume posted by the [Align Technology, Inc., ALGN], we can find that recorded value of 0.6 million was lower than the volume posted last year of 0.77 million. As of the previous 9 days, the stock’s Stochastic %D was 73.76%. Additionally, its Average True Range was 9.61.
During the past 100 days, Align Technology, Inc.’s (ALGN) raw stochastic average was set at 96.23%, which indicates a significant increase from 85.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.23% in the past 14 days, which was lower than the 37.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $306.29, while its 200-day Moving Average is $294.33. Now, the first resistance to watch is $333.38. This is followed by the second major resistance level at $336.50. The third major resistance level sits at $342.09. If the price goes on to break the first support level at $324.67, it is likely to go to the next support level at $319.08. Now, if the price goes above the second support level, the third support stands at $315.96.
Align Technology, Inc. (NASDAQ: ALGN) Key Stats
There are currently 75,104K shares outstanding in the company with a market cap of 24.80 billion. Presently, the company’s annual sales total 3,862 M according to its annual income of 445,050 K. Last quarter, the company’s sales amounted to 956,730 K and its income totaled 124,010 K.
