Align Technology Inc. (NASDAQ:ALGN) went up by 2.22% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Medical Devices giant went up by $263.14 to trade ended Friday trading at $257.43. This is up from the $257.43 price recorded on Thursday’s trading session. Thanks to this latest performance, ALGN is closer to the higher price 52-week target of $333.00 and further from the lowest price target of $180.00. Its performance from the start of the year has also been negative, with ALGN down by -5.70% year-to-date.
Align Technology Inc. (ALGN) started the day trading at $258.03 and recorded an intraday high of $265.9. It also recorded an intraday low of $254.69 during Friday’s trading session. Align Technology Inc. is a very active stock that recorded a trading volume that is more than 18.07% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 1452510, which is more than 18.07 of the total average daily trading volume of 1.19 million.
Align Technology Inc. (NASDAQ:ALGN) 2020 Performance Impressive
The increase in ALGN’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ALGN currently stands at $301.65, which is higher than the current trading price of the stock by 12.77%. However, ALGN’s current trading price is -105.77% lower than the 52-week low price of $127.88. In terms of trading volume, Align Technology Inc. currently experienced healthy participation during the last trading session. 1452510 shares of Align Technology Inc. were traded on the stock exchange on Friday, which is more than 18.07% of the 1.19 million average trading volume of the stock.
The performance of the stock has been positive over the past year. ALGN’s performance over the past one year has seen it plunge by -2.52%, while the stock has gone down by -5.43% in the last six months. The quarterly performance of ALGN currently stands at 48.63%, and it is up by 5.60% in the last month. The only positive figure was from the weekly performance, which currently reads 0.85%. At the time of writing ALGN’s report, the company has a total market cap of $20.27B, making it one of the largest publicly-traded companies in the world.Align Technology Inc. also has over 14530 employees all over the world.
ALGN Insider Activities
For Align Technology Inc., insiders hold 88.60% of all company shares. The insider transactions over the past six months are up by 3.90%. During that period, insiders bought 242,552 shares in 24 transactions. In that same period, insiders sold 185,387 of their shares in 31 transactions. After these transactions, insiders at Align Technology Inc. now hold 6.55M shares, which is over 87.22% of the total company stocks. Institutional investors currently hold a large chunk of the ALGN shares, as they control 8.32% of the company’s total stock.
ALGN Fundamental Analysis
For Align Technology Inc., the stock’s diluted earnings per share (EPS) stands at 23.85. In the coming year, analysts expect the EPS to be 6.83. The EPS growth will up over the next five years to 17.34% after surging by 25.50% in the previous five years. In terms of revenue, Align Technology Inc.’s quarterly sales (YOY) is shrinking at -0.05, which is lower than the average annual revenue of 25.50% over the past half a decade.
The Return on Investment (ROI) on Align Technology Inc.’s stock currently stands at 32.00%, and it has a net profit margin of 78.40%. The operating margin of the company is 21.80%, and its gross margin is 72.10%.
ALGN Analysts Prediction
The BofA/Merrill has a Neutral rating for Align Technology Inc., predicting the stock price to stay between $220 and $240. Evercore ISI reiterate their In-line position on the stock ($340 and $220)
Guggenheim and UBS also believe that Align Technology Inc.’s stock is outperforming at the moment.
ALGN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ALGN currently stands at 0.10%, while the SMA50 is 13.11%. The biggest one is the SMA200, which is currently reading 12.68% ahead of Friday’s trading session. The Relative Strength Index of this stock is 54.24, while its price to earnings ratio (P/E) is 11.03.