While Align Technology, Inc has underperformed by -2.76%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALGN rose by 11.07%, with highs and lows ranging from $335.40 to $178.52, whereas the simple moving average fell by -22.20% in the last 200 days.
On October 10, 2024, Needham started tracking Align Technology, Inc (NASDAQ: ALGN) recommending Hold. A report published by Leerink Partners on February 26, 2024, Initiated its previous ‘Market Perform’ rating for ALGN. Goldman also Downgraded ALGN shares as ‘Sell’, setting a target price of $197 on the company’s shares in a report dated December 11, 2023. Goldman February 02, 2023d its ‘Sell’ rating to ‘Neutral’ for ALGN, as published in its report on February 02, 2023. Goldman’s report from July 28, 2022 suggests a price prediction of $250 for ALGN shares, giving the stock a ‘Sell’ rating. UBS also rated the stock as ‘Buy’.
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Analysis of Align Technology, Inc (ALGN)
Further, the quarter-over-quarter increase in sales is 1.84%, showing a positive trend in the upcoming months.
One of the most important indicators of Align Technology, Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 11.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.14, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ALGN is recording 778.77K average volume. On a monthly basis, the volatility of the stock is set at 2.88%, whereas on a weekly basis, it is put at 3.65%, with a loss of -5.26% over the past seven days. Furthermore, long-term investors anticipate a median target price of $261.00, showing growth from the present price of $205.03, which can serve as yet another indication of whether ALGN is worth investing in or should be passed over.
How Do You Analyze Align Technology, Inc Shares?
The Medical Instruments & Supplies market is dominated by Align Technology, Inc (ALGN) based in the USA. When comparing Align Technology, Inc shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 34.96, there is a growth in quarterly earnings of -1.93%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.92%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 88.51% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ALGN shares are owned by institutional investors to the tune of 88.51% at present.
