In the latest trading session,, 0.53 million Align Technology, Inc (NASDAQ:ALGN) shares changed hands as the company’s beta touched 1.66. With the company’s most recent per share price at $176.90 changed hands at -$4.19 or -2.31% at last look, the market valuation stands at $12.95B. ALGN’s current price is a discount, trading about -77.1% off its 52-week high of $313.29. The share price had its 52-week low at $141.74, which suggests the last value was 19.88% up since then. When we look at Align Technology, Inc’s average trading volume, we note the 10-day average is 1.13 million shares, with the 3-month average coming to 1.24 million.
Analysts gave the Align Technology, Inc (ALGN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended ALGN as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Align Technology, Inc’s EPS for the current quarter is expected to be 1.99.
Align Technology, Inc (NASDAQ:ALGN) trade information
Instantly ALGN was in red as seen in intraday trades today. With action 1.75%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -15.16%, with the 5-day performance at 1.75% in the green. However, in the 30-day time frame, Align Technology, Inc (NASDAQ:ALGN) is 11.11% up. Looking at the short shares, we see there were 3.7 million shares sold at short interest cover period of 2.81 days.
The consensus price target for the stock as assigned by Wall Street analysts is 300, meaning bulls need an upside of 41.03% from its recent market value. According to analyst projections, ALGN’s forecast low is 225 with 790 as the target high. To hit the forecast high, the stock’s price needs a -346.58% plunge from its current level, while the stock would need to soar -27.19% for it to hit the projected low.
Align Technology, Inc (ALGN) estimates and forecasts
Year-over-year growth is forecast to reach 2.41% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 975.81M. 13 analysts are of the opinion that Align Technology, Inc’s revenue for the current quarter will be 1.06B. The company’s revenue for the corresponding quarters a year ago was 997.43M and 1.03B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.17%. The estimates for the next quarter sales put growth at 2.77%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0.33%. The 2025 estimates are for Align Technology, Inc earnings to increase by 6.71%, but the outlook for the next 5-year period is at 9.37% per year.
ALGN Dividends
Align Technology, Inc is expected to release its next quarterly earnings report on 2025-Feb-04.
Align Technology, Inc (NASDAQ:ALGN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.60% of Align Technology, Inc shares while 91.39% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.84%. There are 91.39% institutions holding the Align Technology, Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.2694% of the shares, roughly 8.47 million ALGN shares worth $2.05 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.5794% or 7.95 million shares worth $1.92 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 2.21 shares estimated at $390.25 million under it, the former controlled 3.03% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.59% of the shares, roughly 1.9 shares worth around $334.72 million.
