While Align Technology, Inc has underperformed by -2.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALGN fell by -51.51%, with highs and lows ranging from $331.64 to $141.74, whereas the simple moving average fell by -26.19% in the last 200 days.
On February 14, 2025, Wells Fargo started tracking Align Technology, Inc (NASDAQ: ALGN) recommending Overweight. A report published by Leerink Partners on January 06, 2025, Upgraded its rating to ‘Outperform’ for ALGN. Mizuho also rated ALGN shares as ‘Outperform’, setting a target price of $295 on the company’s shares in an initiating report dated December 04, 2024. Leerink Partners initiated its ‘Market Perform’ rating for ALGN, as published in its report on February 26, 2024. Goldman’s report from December 11, 2023 suggests a price prediction of $197 for ALGN shares, giving the stock a ‘Sell’ rating. UBS also rated the stock as ‘Neutral’.
Analysis of Align Technology, Inc (ALGN)
Further, the quarter-over-quarter increase in sales is 4.02%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Align Technology, Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 11.26% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.10, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ALGN is recording an average volume of 1.12M. On a monthly basis, the volatility of the stock is set at 5.55%, whereas on a weekly basis, it is put at 11.41%, with a gain of 3.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $244.86, showing growth from the present price of $160.14, 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?
A leading company in the Medical Instruments & Supplies sector, Align Technology, Inc (ALGN) is 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 28.48, there is a growth in quarterly earnings of -14.79%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 6.33%. 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 91.21% 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 91.21% at present.
