Align Technology Stock Analysis
ALGN Stock | USD 327.90 7.96 2.49% |
Align Technology is overvalued with Real Value of 290.38 and Target Price of 270.38. The main objective of Align Technology stock analysis is to determine its intrinsic value, which is an estimate of what Align Technology is worth, separate from its market price. There are two main types of Align Technology's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Align Technology's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Align Technology's stock to identify patterns and trends that may indicate its future price movements.
The Align Technology stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Align Technology is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Align Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Align Technology's ongoing operational relationships across important fundamental and technical indicators.
Align |
Align Stock Analysis Notes
About 88.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 1.99. Align Technology recorded earning per share (EPS) of 5.82. The entity had not issued any dividends in recent years. 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. was incorporated in 1997 and is headquartered in Tempe, Arizona. Align Technology operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 23800 people. For more info on Align Technology please contact Joseph Hogan at 602 742 2000 or go to https://www.aligntech.com.Align Technology Quarterly Total Revenue |
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Align Technology Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Align Technology's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Align Technology or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Align Technology has a strong financial position based on the latest SEC filings | |
Over 88.0% of the company shares are held by institutions such as insurance companies | |
Latest headline from finance.yahoo.com: Heres Why You Should Buy Align Technology Stock Now |
Align Technology Upcoming and Recent Events
Earnings reports are used by Align Technology to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Align Technology previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
31st of January 2024 Upcoming Quarterly Report | View | |
24th of April 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
31st of January 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Align Largest EPS Surprises
Earnings surprises can significantly impact Align Technology's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
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2008-07-29 | 2008-06-30 | 0.05 | 0.06 | 0.01 | 20 | ||
2008-01-29 | 2007-12-31 | 0.09 | 0.08 | -0.01 | 11 | ||
2005-07-20 | 2005-06-30 | 0.02 | 0.01 | -0.01 | 50 |
Align Technology Thematic Classifications
In addition to having Align Technology stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
CannabisCompanies involved in production or distribution of medical cannabis | ||
Obamacare RepealLarge healthcare related equities associated with Obamacare | ||
Trump EquitiesCompanies that have responded positively to Trump presidency |
Align Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Align Technology is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Align Technology backward and forwards among themselves. Align Technology's institutional investor refers to the entity that pools money to purchase Align Technology's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Bank Of New York Mellon Corp | 2023-09-30 | 1.2 M | Nuveen Asset Management, Llc | 2023-09-30 | 1.2 M | Brown Advisory Holdings Inc | 2023-09-30 | 1.1 M | Morgan Stanley - Brokerage Accounts | 2023-09-30 | 1 M | Amvescap Plc. | 2023-09-30 | 960.3 K | Northern Trust Corp | 2023-09-30 | 831.5 K | Ameriprise Financial Inc | 2023-09-30 | 756.4 K | Allianz Asset Management Ag | 2023-09-30 | 601.7 K | Champlain Investment Partners, Llc | 2023-09-30 | 578.2 K | Vanguard Group Inc | 2023-09-30 | 8.2 M | Blackrock Inc | 2023-09-30 | 6.4 M |
Align Market Capitalization
The company currently falls under 'Large-Cap' category with a current market capitalization of 24.03 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 Profitablity
Align Technology's profitability indicators refer to fundamental financial ratios that showcase Align Technology's ability to generate income relative to its revenue or operating costs. If, let's say, Align Technology is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Align Technology's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Align Technology's profitability requires more research than a typical breakdown of Align Technology's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.12 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.19 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.19. Last Reported | Projected for 2024 | ||
Return On Capital Employed | 0.16 | 0.17 | |
Return On Assets | 0.07 | 0.08 | |
Return On Equity | 0.12 | 0.09 |
Management Efficiency
Align Technology has return on total asset (ROA) of 0.0682 % which means that it generated a profit of $0.0682 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1231 %, meaning that it created $0.1231 on every $100 dollars invested by stockholders. Align Technology's management efficiency ratios could be used to measure how well Align Technology manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Align Technology's Return On Capital Employed is very stable compared to the past year. As of the 28th of March 2024, Return On Assets is likely to grow to 0.08, while Return On Equity is likely to drop 0.09. At this time, Align Technology's Intangible Assets are very stable compared to the past year. As of the 28th of March 2024, Net Tangible Assets is likely to grow to about 3.7 B, while Deferred Long Term Asset Charges is likely to drop about 52.9 M.Last Reported | Projected for 2024 | ||
Price Book Value Ratio | 5.77 | 5.51 | |
Enterprise Value Multiple | 24.74 | 38.89 | |
Price Fair Value | 5.77 | 5.51 |
The analysis of Align Technology's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Align Technology's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Align Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 1.654 |
Technical Drivers
As of the 28th of March, Align Technology shows the Downside Deviation of 2.16, risk adjusted performance of 0.086, and Mean Deviation of 1.64. Align Technology technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Align Technology, which can be compared to its rivals. Please confirm Align Technology variance, as well as the relationship between the maximum drawdown and semi variance to decide if Align Technology is priced correctly, providing market reflects its regular price of 327.9 per share. Given that Align Technology has jensen alpha of 0.0065, we suggest you to validate Align Technology's prevailing market performance to make sure the company can sustain itself at a future point.Align Technology Price Movement Analysis
The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Align Technology middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Align Technology. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Align Technology Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Align Technology insiders, such as employees or executives, is commonly permitted as long as it does not rely on Align Technology's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Align Technology insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Joseph Lacob over three weeks ago Disposition of 10000 shares by Joseph Lacob of Align Technology at 313.0075 subject to Rule 16b-3 | ||
Emory Wright over three months ago Acquisition by Emory Wright of 1070 shares of Align Technology subject to Rule 16b-3 | ||
Emory Wright over six months ago Exercise or conversion by Emory Wright of 544 shares of Align Technology subject to Rule 16b-3 |
Align Technology Predictive Daily Indicators
Align Technology intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Align Technology stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Accumulation Distribution | 4561.31 | |||
Daily Balance Of Power | 2.056848 | |||
Rate Of Daily Change | 1.02 | |||
Day Median Price | 326.21 | |||
Day Typical Price | 326.77 | |||
Price Action Indicator | 5.67 | |||
Period Momentum Indicator | 7.96 | |||
Relative Strength Index | 55.24 |
Align Technology Corporate Filings
13A | 7th of March 2024 An amended filing to the original Schedule 13G | ViewVerify |
F4 | 29th of February 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 28th of February 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
F4 | 22nd of February 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 9th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 31st of January 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 24th of January 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 17th of January 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Align Technology Forecast Models
Align Technology's time-series forecasting models are one of many Align Technology's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Align Technology's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Align Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Align Technology prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Align shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Align Technology. By using and applying Align Stock analysis, traders can create a robust methodology for identifying Align entry and exit points for their positions.
Last Reported | Projected for 2024 | ||
Pretax Profit Margin | 0.17 | 0.17 | |
Operating Profit Margin | 0.17 | 0.18 | |
Net Profit Margin | 0.12 | 0.12 | |
Gross Profit Margin | 0.70 | 0.74 |
Current Align Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Align analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Align analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
270.38 | Buy | 17 | Odds |
Most Align analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Align stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Align Technology, talking to its executives and customers, or listening to Align conference calls.
Align Stock Analysis Indicators
Align Technology stock analysis indicators help investors evaluate how Align Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Align Technology shares will generate the highest return on investment. By understating and applying Align Technology stock analysis, traders can identify Align Technology position entry and exit signals to maximize returns.
Begin Period Cash Flow | 942.4 M | |
Common Stock Shares Outstanding | 76.6 M | |
Total Stockholder Equity | 3.6 B | |
Tax Provision | 220.8 M | |
Quarterly Earnings Growth Y O Y | 2.06 | |
Property Plant And Equipment Net | 1.4 B | |
Cash And Short Term Investments | 972.7 M | |
Cash | 937.4 M | |
Accounts Payable | 113.1 M | |
Net Debt | -840.5 M | |
50 Day M A | 296.2668 | |
Total Current Liabilities | 2.1 B | |
Other Operating Expenses | 3.2 B | |
Non Current Assets Total | 3.6 B | |
Forward Price Earnings | 37.037 | |
Non Currrent Assets Other | 128.7 M | |
Stock Based Compensation | 154 M |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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 5.82 | 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.