On Tuesday, Align Technology, Inc. (NASDAQ: ALGN) opened higher 3.68% from the last session, before settling in for the closing price of $300.82. Price fluctuations for ALGN have ranged from $176.34 to $413.20 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Healthcare sector company grew by 16.58% over the past five years. Company’s average yearly earnings per share was noted 8.83% at the time writing. With a float of $70.28 million, this company’s outstanding shares have now reached $75.28 million.
Align Technology, Inc. (ALGN) Insider and Institutional Ownership
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 6.64%, while institutional ownership is 87.81%. 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
According to the Wall Street analysts, stocks earnings will be around 8.83% 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 6.08. Likewise, its price to free cash flow for the trailing twelve months is 34.22.
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 10.74 in one year’s time.
Technical Analysis of Align Technology, Inc. (ALGN)
Align Technology, Inc. (NASDAQ: ALGN) saw its 5-day average volume 0.52 million, a negative change from its year-to-date volume of 0.74 million. As of the previous 9 days, the stock’s Stochastic %D was 21.04%. Additionally, its Average True Range was 10.27.
During the past 100 days, Align Technology, Inc.’s (ALGN) raw stochastic average was set at 81.00%, which indicates a significant increase from 43.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.67% in the past 14 days, which was lower than the 37.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $312.31, while its 200-day Moving Average is $292.87. Nevertheless, the first resistance level for the watch stands at $316.22 in the near term. At $320.56, the stock is likely to face the second major resistance level. The third major resistance level sits at $328.69. If the price goes on to break the first support level at $303.75, it is likely to go to the next support level at $295.62. The third support level lies at $291.28 if the price breaches the second support level.
Align Technology, Inc. (NASDAQ: ALGN) Key Stats
There are currently 75,252K shares outstanding in the company with a market cap of 23.48 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.
