NASDAQ:ALGN

Align Technology (ALGN) Stock Forecast, Price & News

$305.32

-2.19 (-0.71%)

(As of 09/29/2023 ET)

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Today's Range: $303.57
▼
$311.79
50-Day Range: $298.02
▼
$385.31
52-Week Range: $172.05
▼
$413.20

Volume: 463,864 shs
Average Volume: 616,136 shs
Market Capitalization: $23.37 billion

P/E Ratio: 75.02
Dividend Yield: N/A
Price Target: $380.33

Align Technology MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 24.6% Upside
$380.33 Price Target
Short Interest: Healthy
2.78% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.34
Upright™ Environmental Score
News Sentiment: 1.01
Based on 12 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.25%
From $7.21 to $8.67 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Medical Sector

143rd out of 972 stocks

Surgical Appliances & Supplies Industry

6th out of 21 stocks

2.4

Analyst's Opinion

Consensus Rating
Align Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $380.33, Align Technology has a forecasted upside of 24.6% from its current price of $305.32.
Amount of Analyst Coverage
Align Technology has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.78% of the float of Align Technology has been sold short.
Short Interest Ratio / Days to Cover
Align Technology has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Align Technology has recently decreased by 4.33%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Align Technology does not currently pay a dividend.
Dividend Growth
Align Technology does not have a long track record of dividend growth.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Align Technology has received a 48.63% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is false driven by its "Dental braces" product. See details.
Environmental Sustainability
The Environmental Impact score for Align Technology is -1.34.

3.3

News and Social Media Coverage

News Sentiment
Align Technology has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Align Technology this week, compared to 5 articles on an average week.
Search Interest
Only 14 people have searched for ALGN on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.
MarketBeat Follows
9 people have added Align Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 13% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Align Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.64% of the stock of Align Technology is held by insiders.
Percentage Held by Institutions
87.07% of the stock of Align Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Align Technology are expected to grow by 20.25% in the coming year, from $7.21 to $8.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Align Technology is 75.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Align Technology is 75.02, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 77.98.
Price to Earnings Growth Ratio
Align Technology has a PEG Ratio of 2.41. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Align Technology has a P/B Ratio of 6.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Align Technology (NASDAQ:ALGN) Stock

Align Technology, Inc. designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, China, and internationally. It operates in two segments, Clear Aligner; and Imaging Systems and CAD/CAM Services (Systems and Services). The Clear Aligner segment offers comprehensive products, including Invisalign comprehensive package that addresses the orthodontic needs of teenage patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of seven and ten years, which is a mixture of primary/baby and permanent teeth. This segment's non-comprehensive products comprise Invisalign moderate, lite and express packages, and Invisalign go and Invisalign Go Plus; and non-case products that include retention products, Invisalign training, and adjusting tools used by dental professionals during the course of treatment. The Systems and Services segment offers iTero intraoral scanning system, a single hardware platform with software options for restorative or orthodontic procedures; restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons; and software for orthodontists for digital records storage, orthodontic diagnosis, and for the fabrication of printed models and retainers. This segment also provides Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; and TimeLapse technology, which allows doctors or practitioners to compare a patient's historic 3D scans to the present-day scan, as well as subscription software, disposables, rentals, leases, and pay per scan services Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.

ALGN Price History

30 days | 90 days | 365 days | Advanced Chart

ALGN Stock News Headlines

September 29, 2023 | finance.yahoo.com

Are Medical Stocks Lagging Align Technology (ALGN) This Year?

September 28, 2023 | forbes.com

Will Align Technology (ALGN) Stock Rebound To Its Pre-Inflation Shock Level Of Over $700?

October 1, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

September 25, 2023 | americanbankingnews.com

Brokers Offer Predictions for Align Technology, Inc.'s Q4 2023 Earnings (NASDAQ:ALGN)

September 23, 2023 | americanbankingnews.com

Align Technology, Inc. (NASDAQ:ALGN) Expected to Earn Q3 2023 Earnings of $1.78 Per Share

September 22, 2023 | msn.com

Down -14.38% in 4 Weeks, Here's Why You Should You Buy the Dip in Align Technology (ALGN)

September 20, 2023 | seekingalpha.com

Align Technology Isn't Cheap Enough

September 19, 2023 | tmcnet.com

Align Technology Connects With Over 1,000 Doctors and Practice Staff at the 2023 Invisalign™ GP Summit

October 1, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

September 19, 2023 | businesswire.com

Align Technology Connects With Over 1,000 Doctors and Practice Staff at the 2023 Invisalign™ GP Summit Where Leaders in Digital Orthodontics and Restorative Dentistry Share ...

September 13, 2023 | finance.yahoo.com

Here's Why Align Technology (ALGN) is Poised for a Turnaround After Losing -10.74% in 4 Weeks

September 11, 2023 | msn.com

Align Technologies (ALGN) Brings New Upgrades for Oral Health

September 9, 2023 | msn.com

Align Technologies (ALGN) Set to Acquire Cubicure GmbH

September 7, 2023 | businesswire.com

Align Technology Introduces the Invisalign ® Palatal Expander System to Address Skeletal Expansion in Growing Patients, Including Teenage Patients Which Represent the Majority ...

September 7, 2023 | markets.businessinsider.com

Align Tech (ALGN) Receives a Hold from Goldman Sachs

September 6, 2023 | tmcnet.com

Align Technology Introduces Invisalign® System Innovation for Greater Control of Digital Treatment Planning With Integration of Plan

September 6, 2023 | markets.businessinsider.com

Align Technology To Buy Privately-held Cubicure For EUR 79 Mln