Align Technology, Inc. (NASDAQ: ALGN) kicked off on Tuesday, down -2.66% from the previous trading day, before settling in for the closing price of $216.56. Over the past 52 weeks, ALGN has traded in a range of $176.34-$335.40.
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A company in the Healthcare sector has jumped its sales by 16.58% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 8.99%. With a float of $69.53 million, this company’s outstanding shares have now reached $75.08 million.
In an organization with 21610 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 70.19%, operating margin of 17.35%, and the pretax margin is 16.16%.
Align Technology, Inc. (ALGN) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Medical Instruments & Supplies Industry. The insider ownership of Align Technology, Inc. is 6.92%, while institutional ownership is 88.17%. The most recent insider transaction that took place on Aug 15 ’24, was worth 1,529,645. In this transaction Director of this company bought 6,500 shares at a rate of $235.33, taking the stock ownership to the 28,247 shares. Before that another transaction happened on Feb 29 ’24, when Company’s Director sold 15,000 for $303.22, making the entire transaction worth $4,548,308. This insider now owns 131,994 shares in total.
Align Technology, Inc. (ALGN) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 2.14 earnings per share (EPS), lower than consensus estimate (set at 2.26) by -0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.99% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.96% during the next five years compared to 3.39% growth over the previous five years of trading.
Align Technology, Inc. (NASDAQ: ALGN) Trading Performance Indicators
Take a look at Align Technology, Inc.’s (ALGN) current performance indicators. Last quarter, stock had a quick ratio of 1.06. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.99. Likewise, its price to free cash flow for the trailing twelve months is 38.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.89, a number that is poised to hit 2.31 in the next quarter and is forecasted to reach 10.38 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 0.99 million. That was better than the volume of 0.77 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.00%. Additionally, its Average True Range was 7.06.
During the past 100 days, Align Technology, Inc.’s (ALGN) raw stochastic average was set at 19.50%, which indicates a significant increase from 4.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.73% in the past 14 days, which was lower than the 39.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $234.10, while its 200-day Moving Average is $265.61. However, in the short run, Align Technology, Inc.’s stock first resistance to watch stands at $213.02. Second resistance stands at $215.23. The third major resistance level sits at $217.04. If the price goes on to break the first support level at $209.00, it is likely to go to the next support level at $207.18. Assuming the price breaks the second support level, the third support level stands at $204.97.
Align Technology, Inc. (NASDAQ: ALGN) Key Stats
The company with the Market Capitalisation of 15.75 billion has total of 75,282K Shares Outstanding. Its annual sales at the moment are 3,862 M in contrast with the sum of 445,050 K annual income. Company’s last quarter sales were recorded 1,028 M and last quarter income was 96,560 K.
