Align Technology, Inc. (NASDAQ:ALGN) shares, rose in value, with the stock price down by -0.48% to the previous day’s close as strong demand from buyers drove the stock to $309.02.
Actively observing the price movement in the last trading, the stock closed the session at $310.50. The PE ratio was 50.95 over 12-month period. Referring to stock’s 52-week performance, its high was $413.20, and the low was $176.34. On the whole, ALGN has fluctuated by -5.76% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.1B, with a low estimate of 1.03B and a high estimate of 1.05B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.04B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALGN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.08, with the price of ALGN currently trading nearly -1.39% and -1.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.08, while the 7-day volatility ratio is showing 4.99% which for the 30-day chart, stands at 3.69%. Furthermore, Align Technology, Inc. (ALGN)’s beta value is 1.64, and its average true range (ATR) is 11.99.
A comparison of Align Technology, Inc. (ALGN) with its peers suggests the former has fared considerably weaker in the market. ALGN showed an intraday change of -0.48% in last session, and over the past year, it shrunk by -12.84%%.
Data on historical trading for Align Technology, Inc. (NASDAQ:ALGN) indicates that the trading volumes over the past 3 months, they’ve averaged 758.23K. According to company’s latest data on outstanding shares, there are 75.08 million shares outstanding.
Nearly 6.58% of Align Technology, Inc.’s shares belong to company insiders and institutional investors own 88.91% of the company’s shares. The stock has risen by 12.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALGN stock heading into the next quarter.
