What Are The Chances Of Align Technology, Inc. (NASDAQ: ALGN) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Align Technology Among Top 300 Worldwide Organizations Granted U.S. Patents in 2023.

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Stocks Info

As a NASDAQ listed company, ALGN falls under the Healthcare sector while operating within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $295.00 and fluctuated between $296.60 as its day high and $283.67 as its day low. The current market capitalization of Align Technology, Inc. is $22.59B. A total of 1.15 million shares were traded on the day, compared to an average of 1.13M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ALGN has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 5,194 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 8 SELLs from insiders. Insiders purchased 57,349 shares during that period but sold 25,182.

In the most recent transaction, HOGAN JOSEPH M bought 5,194 shares of ALGN for 192.50 per share on Nov 09. After the transaction, the President and CEO now owns 208,664 company shares. In a previous transaction on Oct 31, HOGAN JOSEPH M bought 5,319 shares at 188.00 per share. ALGN shares that President and CEO owns now total 203,470.

Among the insiders who bought shares, Dallas Kevin J acquired of 7,000 shares on May 30 at a per-share price of $285.26. This resulted in the Director holding 12,246 shares of ALGN after the transaction.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ALGN in the last 3 months, the mean price target is $307.00 with high estimates of $350.00 and low estimates of $215.00. In terms of 52-week highs and lows, ALGN has a high of $413.20 and a low of $176.34.

As of this writing, ALGN has an earnings estimate of $1.97 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $2.02 per share and a lower estimate of $1.93. The company reported an EPS of $2.14 in the last quarter, which was -5.30% lower than expectations of $2.26.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ALGN’s latest balance sheet shows that the firm has $1.17B in Cash & Short Term Investments as of fiscal 2021. There were $125.38M in debt and $1.92B in liabilities at the time. Its Book Value Per Share was $49.64, while its Total Shareholder’s Equity was $3.62B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALGN is Buy with a score of 4.00.

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