Align Technology Inc. [ALGN] has traded in a range of $127.88 to $343.21 in the last 1 year. As of this writing, the stock is at $440.22, up 31.09%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, ALGN shares are 0.81% up with the monthly amount drift of 4.10% and seems well in a long time frame.

On 22, October 2020, DPW Holdings’ Gresham Worldwide Business Announces Development Agreement with Global Medical Device Company. According to news published on Yahoo Finance, Gresham Worldwide’s Subsidiary, Enertec Systems 2001, Ltd., Enters into Agreement to Develop Testing Facilities with Align Technology, Inc.

Analyst Birdseye View:

The most recent analyst activity for Align Technology Inc. [NASDAQ:ALGN] stock was on July 20, 2020, when it was Downgrade with an Underperform rating from BofA Securities, which also raised its 12-month price target on the stock to $280. Before that, on July 29, 2020, Berenberg Recapitulated a Hold rating and elevated its amount target to $306. On January 09, 2020, Wolfe Research Upgrade an Outperform rating. On October 24, 2019, BofA/Merrill Reiterated a Neutral rating and increased its price target from $220 to $240. On October 07, 2019, Guggenheim Downgrade a Neutral rating. On July 25, 2019, Evercore ISI Downgrade an In-line rating and boosted its amount target on this stock to $220. On May 30, 2019, Wolfe Research Initiated a Peer perform rating. Guggenheim elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $127.88 and a peak of $343.21. Right now, according to Wall Street analyst the average 12-month amount target is $392.93. At the most recent market close, shares of Align Technology Inc. [NASDAQ:ALGN] were valued at $440.22. According to the average price forecast, investors can expect a potential return of 18.25%.

FUNDAMENTAL ANALYSIS

Align Technology Inc. [NASDAQ:ALGN] most recently reported quarterly sales of 352.31 billion, which represented growth of -41.40%. This publicly-traded organization’s revenue is $165,643 per employee, while its income is $30,473 per employee. This company’s Gross Margin is currently 70.70%, its Operating Margin is 12.70%, its Pretax Margin is +23.38, and its Net Margin is +18.40. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 19.45, 34.07, 38.71 and 33.51 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 4.21 and the whole liability to whole assets at 2.37. It shows enduring liability to the whole principal at 3.09 and enduring liability to assets at 0.02 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 330.30 points at 1st support level, the second support level is making up to 324.78. But as of 1st resistance point, this stock is sitting at 340.00 and at 344.19 for 2nd resistance point.

Align Technology Inc. [ALGN] reported its earnings at -$0.35 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.05/share signifying the difference of -0.3 and -600.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.73 calling estimates for $1/share with the difference of -0.27 depicting the surprise of -27.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Align Technology Inc. [NASDAQ:ALGN] is 1.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.89. Now if looking for a valuation of this stock’s amount to sales ratio it’s 9.29, it’s amount to book ratio is 16.26 and showing 15.61 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by LACOB JOSEPH, Director, and it was the sale of 10275.0 shares on Aug 31. HOGAN JOSEPH M, the President and CEO, completed a sale of 5700.0 shares on Aug 27. On Aug 27, Beard Simon, SVP and Mgng Director, EMEA, completed a sale of 4727.0 shares.