Analysts Point To Align Technology, Inc. (NASDAQ: ALGN) Growth In The Future

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. Recently, Yahoo Finance discussed the stock, revealing that Align Technology Launches Integrated Consumer Campaign and #Invisisforkids to Drive Awareness of How the Invisalign® Palatal Expander System Is a Better Option for Expanding a Child’s Narrow Palate to Make Room for Adult Teeth.

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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 $327.82 and fluctuated between $328.61 as its day high and $320.48 as its day low. The current market capitalization of Align Technology, Inc. is $24.62B. A total of 0.78 million shares were traded on the day, compared to an average of 757.10K shares.

In the most recent transaction, LACOB JOSEPH sold 15,000 shares of ALGN for 303.22 per share on Feb 29 ’24. After the transaction, the Director now owns 131,994 company shares. In a previous transaction on Feb 27 ’24, LACOB JOSEPH sold 10,000 shares at 313.01 per share. ALGN shares that Director owns now total 146,994.

Among the insiders who sold shares, Wright Emory disposed of 2,524 shares on Feb 07 ’24 at a per-share price of $287.45. This resulted in the EVP, GLOBAL OPERATIONS holding 709 shares of ALGN after the transaction. In another insider transaction, HOGAN JOSEPH M bought 5,194 shares at $192.50 per share on Nov 09 ’23. Company shares held by the President and CEO now total 208,664.

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. 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 $1.96 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $2.02 per share and a lower estimate of $1.88. 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 3.91.

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