Home News Stock to Watch Align Technology Inc. (NASDAQ: ALGN)

Stock to Watch Align Technology Inc. (NASDAQ: ALGN)

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Align Technology Inc. (ALGN) trades as part of the Healthcare sector and is in the Medical Devicesindustry. The company CEO is Joseph M. HoganAlign Technology Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and CAD/CAM digital services used in dentistry, orthodontics, and dental records storage. Its segments are Clear Aligner and Scanners & Services.

Previous Intraday Trading Performance:

The Medical Devices company showed a previous change of 2.34% with an open at 259.25 and a close of 265.03. It reached an intraday high of 267.04 and a low of 259.23.

Liquidity:

The stock has a market cap of $21.2b with 80.1m shares outstanding, of which the float is 76.7mshares. Trading volume reached 832,088 shares compared to its average volume of 1,032,455shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Align Technology Inc. shares returned 5.45% and in the past 30 trading days it returned 1.34%. Over three months, it changed 13.10%. In one year it has changed 93.45% and within that year its 52-week high was 287.32 and its 52-week low was 134.68ALGN stock is 96.78% above its 52 Week Low.

Our calculations show a 200 day moving average of 225.92 and a 50 day moving average of 258.22. Currently ALGN stock is trading 17.31above its 200 day moving average.

Earnings:

The last annual fiscal EPS for the company was reported at 2.83 that ended on December 31, 2017, which according to the previous close, that is a PE of 93.65. Based on 9 analyst estimates, the consensus EPS for the next quarter is 0.98. The TTM EPS is 4.22, which comes to a TTM PE of 62.80Historically, the PE high was 113.80 and the PE low was 29.20. If the stock reached its PE low, that would represent a price of 123.23, which is a decrease of -53.50%.

The following are the last four quarter reported earnings per share:
Mar 31, 2018:  1.17
Dec 31, 2017:  1.19
Sep 30, 2017:  1.01
Jun 30, 2017:  0.85

Indicators to Watch:

Based on the latest filings, there is 4.30% of insider ownership and 82.40% of institutional ownership.

Short-interest is 1,851,362, which is 2.31% of shares outstanding. The short-interest ratio or days-to-cover ratio is 2.24This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.48.

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 23.74%, return on assets is 15.91%, profit margin is 16.12%, price-to-sales is 12.78 and price-to-book is 18.41.

More News:

SeekingAlpha:  Bulletproof Investing Performance Update: Week 23
SeekingAlpha:  Align Technology (ALGN) Q1 2018 Results – Earnings Call Transcript
SeekingAlpha:  Align Technology, Inc. 2018 Q1 – Results – Earnings Call Slides

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The founder of Trading News Now (TNN) and contributor to the stock market trading community. Graduated from Brigham Young University - Idaho with a degree in financial economics. Aside from his extensive knowledge in fundamental analysis of publicly traded companies, other interests include programming and financial modeling.

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