On Friday, Align Technology, Inc. (NASDAQ: ALGN) was -3.06% down from the session before settling in for the closing price of $324.90. A 52-week range for ALGN has been $176.34 – $413.20.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 16.58%. When this article was written, the company’s average yearly earnings per share was at 8.73%. With a float of $70.16 million, this company’s outstanding shares have now reached $75.10 million.
Align Technology, Inc. (ALGN) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Align Technology, Inc. stocks. The insider ownership of Align Technology, Inc. is 6.58%, 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 314.97 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.73% 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
You can see what Align Technology, Inc. (ALGN) is doing with its current performance indicators. In the most recent 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 6.12. Likewise, its price to free cash flow for the trailing twelve months is 34.48.
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)
The latest stats from [Align Technology, Inc., ALGN] show that its last 5-days average volume of 0.63 million was inferior to 0.76 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 71.29%. Additionally, its Average True Range was 10.07.
During the past 100 days, Align Technology, Inc.’s (ALGN) raw stochastic average was set at 84.57%, which indicates a significant increase from 45.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.85% in the past 14 days, which was lower than the 36.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $309.59, while its 200-day Moving Average is $294.17. Now, the first resistance to watch is $322.16. This is followed by the second major resistance level at $329.35. The third major resistance level sits at $334.73. If the price goes on to break the first support level at $309.59, it is likely to go to the next support level at $304.21. The third support level lies at $297.02 if the price breaches the second support level.
Align Technology, Inc. (NASDAQ: ALGN) Key Stats
There are 75,252K outstanding shares of the company, which has a market capitalization of 23.65 billion. As of now, sales total 3,862 M while income totals 445,050 K. Its latest quarter income was 956,730 K while its last quarter net income were 124,010 K.
