Align Technology Stock Today
| ALGN Stock | USD 301.34 1.20 0.40% |
Performance7 of 100
| Odds Of DistressLess than 5
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Align Technology is selling at 301.34 as of the 18th of April 2024; that is 0.40 percent increase since the beginning of the trading day. The stock's open price was 300.14. Align Technology has under 5 % chance of experiencing financial distress over the next 2 years but had a somewhat ok performance during the last 90 days. Equity ratings for Align Technology are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of October 2023 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 26th of January 2001 | Category Healthcare | Classification Health Care |
Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. Align Technology, Inc. The company has 75.25 M outstanding shares of which 1.41 M shares are presently shorted by private and institutional investors with about 2.81 trading days to cover. More on Align Technology
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Align Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Align Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Align Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and President and Director | Joseph Hogan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, SP 500 Index, NASDAQ Composite, NASDAQ Composite Total, NASDAQ Health Care, Cannabis, Trump Equities, Obamacare Repeal, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Align Technology report their recommendations after researching Align Technology's financial statements, talking to executives and customers, or listening in on Align Technology's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Align Technology. The Align consensus assessment is calculated by taking the average forecast from all of the analysts covering Align Technology. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from Align Technology's financial statements, Align Technology may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Align Technology is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Align Technology's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Align Technology's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Align Technology's financial leverage. It provides some insight into what part of Align Technology's total assets is financed by creditors.
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Align Technology (ALGN) is traded on NASDAQ Exchange in USA. It is located in 410 North Scottsdale Road, Tempe, AZ, United States, 85288 and employs 21,610 people. Align Technology is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 22.96 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Align Technology's market, we take the total number of its shares issued and multiply it by Align Technology's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Align Technology conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 75.25 M outstanding shares of which 1.41 M shares are presently shorted by private and institutional investors with about 2.81 trading days to cover.
Align Technology currently holds about 1.09 B in cash with 785.78 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.96.
Check Align Technology Probability Of Bankruptcy
Ownership AllocationAlign Technology holds a total of 75.25 Million outstanding shares. The majority of Align Technology outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Align Technology to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Align Technology. Please pay attention to any change in the institutional holdings of Align Technology as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Align Ownership Details
Align Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Align Technology jumping above the current price in 90 days from now is about 48.71%. The Align Technology probability density function shows the probability of Align Technology stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.9804. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Align Technology will likely underperform. Additionally, align Technology has an alpha of 0.0724, implying that it can generate a 0.0724 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Align Technology to move above the current price in 90 days from now is about 48.71 (This Align Technology probability density function shows the probability of Align Stock to fall within a particular range of prices over 90 days) .
Align Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Align Technology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Align Technology's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Align Technology's value.| Instituion | Recorded On | Shares | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.2 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 1.1 M | |
| Nuveen Asset Management, Llc | 2023-12-31 | 1.1 M | |
| Amvescap Plc. | 2023-12-31 | 863.3 K | |
| Norges Bank | 2023-12-31 | 816.1 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 813 K | |
| Northern Trust Corp | 2023-12-31 | 788.5 K | |
| Millennium Management Llc | 2023-12-31 | 774.1 K | |
| Disciplined Growth Investors Inc | 2023-12-31 | 671.4 K | |
| Vanguard Group Inc | 2023-12-31 | 8.3 M | |
| Blackrock Inc | 2023-12-31 | 7.3 M |
Align Technology Historical Income Statement
Align Technology Income Statement is one of the three primary financial statements used for reporting Align's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Align Technology revenue and expense. Align Technology Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Align Technology's Research Development is very stable compared to the past year. As of the 18th of April 2024, EBITDA is likely to grow to about 675.5 M, though Depreciation And Amortization is likely to grow to (13.3 M). View More FundamentalsAlign Stock Against Markets
Picking the right benchmark for Align Technology stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Align Technology stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Align Technology is critical whether you are bullish or bearish towards Align Technology at a given time. Please also check how Align Technology's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Align Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Align Technology Corporate Directors
Align Technology corporate directors refer to members of an Align Technology board of directors. The board of directors generally takes responsibility for the Align Technology's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Align Technology's board members must vote for the resolution. The Align Technology board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| George Morrow | Independent Director | Profile | |
| Joseph Lacob | Independent Director | Profile | |
| Kevin Dallas | Director | Profile | |
| Gregory Santora | Independent Director | Profile |
How to buy Align Stock?
Before investing in Align Technology, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Align Technology. To buy Align Technology stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Align Technology. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Align Technology stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Align Technology stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Align Technology stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Align Technology, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Align Stock please use our How to Invest in Align Technology guide.
Already Invested in Align Technology?
The danger of trading Align Technology is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Align Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Align Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Align Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.Note that the Align Technology information on this page should be used as a complementary analysis to other Align Technology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Align Stock analysis
When running Align Technology's price analysis, check to measure Align Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Align Technology is operating at the current time. Most of Align Technology's value examination focuses on studying past and present price action to predict the probability of Align Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Align Technology's price. Additionally, you may evaluate how the addition of Align Technology to your portfolios can decrease your overall portfolio volatility.
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Is Align Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Align Technology. If investors know Align will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Align Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.06 | Earnings Share 5.8 | Revenue Per Share 50.536 | Quarterly Revenue Growth 0.061 | Return On Assets 0.0682 |
The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Align Technology's market value can be influenced by many factors that don't directly affect Align Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.