NASDAQ:ALGN

Align Technology - ALGN Stock Forecast, Price & News

$207.11

-3.90 (-1.85%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $206.76
▼
$218.31
50-Day Range: $207.11
▼
$293.89
52-Week Range: $204.32
▼
$713.33

Volume: 956,552 shs
Average Volume: 892,494 shs
Market Capitalization: $16.18 billion

P/E Ratio: 26.48
Dividend Yield: N/A
Price Target: $358.33

Align Technology MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 73.0% Upside
$358.33 Price Target
Short Interest: Healthy
2.83% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.34
Upright™ Environmental Score
News Sentiment: 0.97
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 21.73%
From $7.73 to $9.41 Per Share

Overall MarketRank^™

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

3.31 out of 5 stars

Medical Sector

5th out of 1,093 stocks

Surgical Appliances & Supplies Industry

2nd out of 24 stocks

4.4

Analyst's Opinion

Consensus Rating
Align Technology has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 8 buy ratings, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $358.33, Align Technology has a forecasted upside of 73.0% from its current price of $207.11.
Amount of Analyst Coverage
Align Technology has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.83% 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 2.4, 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 5.05%, indicating that investor sentiment is improving significantly.

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 0.97. 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 0.82 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Align Technology this week, compared to 4 articles on an average week.
Search Interest
Only 12 people have searched for ALGN on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.
MarketBeat Follows
11 people have added Align Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 38% 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
86.50% 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 21.73% in the coming year, from $7.73 to $9.41 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Align Technology is 26.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.87.
Price to Earnings Ratio vs. Sector
The P/E ratio of Align Technology is 26.48, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 103.90.
Price to Earnings Growth Ratio
Align Technology has a PEG Ratio of 6.32. 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 4.51. 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., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services. The Clear Aligner segment consists of comprehensive products, including Invisalign comprehensive treatment 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 non-case products include retention products, Invisalign training fees, and sales of ancillary products, such as cleaning material, and adjusting tools used by dental professionals during the course of treatment. The Scanners and Services segment offers iTero scanner, 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 computer-aided design and computer-aided manufacturing services; ancillary products, such as disposable sleeves for the wand; iTero model and dies; third party scanners and digital scans; 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. The company sells its products in the United States, Switzerland, China, and internationally. Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.

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ALGN Stock News Headlines

October 1, 2022 | nasdaq.com

Align Technology, Inc. Shares Near 52-Week Low - Market Mover

September 29, 2022 | finance.yahoo.com

Implied Volatility Surging for Align Technology (ALGN) Stock Options

September 29, 2022 | americanbankingnews.com

Align Technology (NASDAQ:ALGN) Hits New 52-Week Low at $213.22

September 28, 2022 | finance.yahoo.com

Align Technology’s Next Generation Invisalign Virtual Care AI-assisted Remote Monitoring Solution Automates and Streamlines Practice Workflows

September 24, 2022 | finanznachrichten.de

Align Technology, Inc.: Align Technology Opens Its First EMEA Regional Manufacturing Facility in Wroclaw, Poland

September 23, 2022 | americanbankingnews.com

Align Technology (NASDAQ:ALGN) Sets New 1-Year Low at $225.81

September 15, 2022 | finance.yahoo.com

Align Technology Opens Its First EMEA Regional Manufacturing Facility in Wroclaw, Poland

September 9, 2022 | msn.com

What 10 Analyst Ratings Have To Say About Align Tech

September 8, 2022 | finance.yahoo.com

Will Weakness in Align Technology, Inc.'s (NASDAQ:ALGN) Stock Prove Temporary Given Strong Fundamentals?

September 6, 2022 | finance.yahoo.com

Invisalign Maker’s Ex-Vice President Accused of Insider Trading

September 1, 2022 | nasdaq.com

October 14th Options Now Available For Align Technology (ALGN)

August 29, 2022 | nasdaq.com

Notable Monday Option Activity: ADBE, ALGN, PVH

August 27, 2022 | finance.yahoo.com

RGA Investment Advisors on Align Technology (ALGN): “The Future Here is Bright”

August 25, 2022 | finance.yahoo.com

Is There Now An Opportunity In Align Technology, Inc. (NASDAQ:ALGN)?

August 24, 2022 | finance.yahoo.com

2 Ravenously Growing Stocks to Buy and Hold No Matter What

August 11, 2022 | finance.yahoo.com

Align Technology's (NASDAQ:ALGN) investors will be pleased with their respectable 65% return over the last three years

July 28, 2022 | finance.yahoo.com

Align Technology (ALGN) Q2 Earnings Lag Estimates, Margins Drop

July 28, 2022 | theglobeandmail.com

These 2 Huge Headwinds Are Whomping Align Technology Stock

July 27, 2022 | fool.com

Align Technology (ALGN) Q2 2022 Earnings Call Transcript

July 26, 2022 | finance.yahoo.com

Got $5,000? This Punished Growth Stock Won't Be Cheap Forever

July 26, 2022 | finance.yahoo.com

MedTech Stocks' Earnings Due on Jul 27: BSX, HOLX & ALGN

July 25, 2022 | finance.yahoo.com

BDX or ALGN: Which Is the Better Value Stock Right Now?

July 23, 2022 | nasdaq.com

September 2nd Options Now Available For Align Technology (ALGN)

July 20, 2022 | finance.yahoo.com

Earnings Preview: Align Technology (ALGN) Q2 Earnings Expected to Decline

July 19, 2022 | money.usnews.com

Align Technology, Inc.

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ALGN Company Calendar

Last Earnings: 7/27/2022
Today: 10/01/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surgical appliances & supplies
Sub-Industry: Health Care Supplies
Sector: Medical
Current Symbol: NASDAQ:ALGN
CUSIP: 01625510
CIK: 1097149
Web: www.aligntech.com
Phone: (408) 470-1000
Fax: 408-470-1010
Employees: 22,540
Year Founded: 1997

Price Target and Rating

Average Stock Price Forecast: $358.33
High Stock Price Forecast: $418.00
Low Stock Price Forecast: $250.00
Forecasted Upside/Downside: +73.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.78
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.82
Trailing P/E Ratio: 26.48
Forward P/E Ratio: 26.79
P/E Growth: 6.32
Net Income: $772.02 million
Net Margins: 15.52%
Pretax Margin: 21.13%
Return on Equity: 17.47%
Return on Assets: 10.78%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.32
Quick Ratio: 1.15

Sales & Book Value

Annual Sales: $3.95 billion
Price / Sales: 4.09
Cash Flow: $10.96 per share
Price / Cash Flow: 18.89
Book Value: $45.94 per share
Price / Book: 4.51

Miscellaneous

Outstanding Shares: 78,110,000
Free Float: 77,608,000
Market Cap: $16.18 billion
Optionable: Optionable
Beta: 1.80

Social Links

Key Executives

Mr. Joseph M. Hogan (Age 65)
Pres, CEO & Director

Mr. John F. Morici (Age 55)
CFO & Exec. VP of Global Fin.

Mr. Emory M. Wright (Age 52)
Exec. VP of Global Operations
Comp: $1.35M

Ms. Julie Ann Coletti (Age 53)
Exec. VP and Chief Legal & Regulatory Officer
Comp: $1.37M

Mr. Stuart Hockridge (Age 50)
Exec. VP of Global HR
Comp: $1.3M

Mr. Zelko Relic (Age 57)
Exec. VP & CTO

Ms. Shirley Stacy
VP of Corp. Communications & Investor Relations

Mr. Vamsi Mohan-Raj Pudipeddi (Age 50)
Exec. VP, Chief Product & Marketing Officer and MD of Asia Pacific

Mr. Simon Beard (Age 55)
MD for Americas Region & Exec. VP

Ms. Jennifer Olson-Wilk (Age 44)
Exec. VP of Customer Success

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALGN Stock - Frequently Asked Questions

Should I buy or sell Align Technology stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last twelve months. There are currently 1 sell rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALGN shares.
View ALGN analyst ratings or view top-rated stocks.
What is Align Technology's stock price forecast for 2022?: 9 brokerages have issued 12 month target prices for Align Technology's stock. Their ALGN share price forecasts range from $250.00 to $418.00. On average, they predict the company's share price to reach $358.33 in the next twelve months. This suggests a possible upside of 73.0% from the stock's current price.
View analysts price targets for ALGN or view top-rated stocks among Wall Street analysts.
How have ALGN shares performed in 2022?: Align Technology's stock was trading at $657.18 at the beginning of the year. Since then, ALGN stock has decreased by 68.5% and is now trading at $207.11.
View the best growth stocks for 2022 here.
When is Align Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our ALGN earnings forecast.
How were Align Technology's earnings last quarter?: Align Technology, Inc. (NASDAQ:ALGN) issued its earnings results on Wednesday, July, 27th. The medical equipment provider reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by $0.22. The medical equipment provider earned $969.60 million during the quarter, compared to analyst estimates of $986.05 million. Align Technology had a trailing twelve-month return on equity of 17.47% and a net margin of 15.52%. The company's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.51 EPS.
Read the conference call transcript.
What is Joe Hogan's approval rating as Align Technology's CEO?: 346 employees have rated Align Technology Chief Executive Officer Joe Hogan on Glassdoor.com. Joe Hogan has an approval rating of 97% among the company's employees. This puts Joe Hogan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Align Technology own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Align Technology investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), PayPal (PYPL), Micron Technology (MU), Adobe (ADBE), Visa (V), Salesforce (CRM), Mastercard (MA) and Tesla (TSLA).
What is Align Technology's stock symbol?: Align Technology trades on the NASDAQ under the ticker symbol "ALGN."
How do I buy shares of Align Technology?: Shares of ALGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Align Technology's stock price today?: One share of ALGN stock can currently be purchased for approximately $207.11.
How much money does Align Technology make?: Align Technology (NASDAQ:ALGN) has a market capitalization of $16.18 billion and generates $3.95 billion in revenue each year. The medical equipment provider earns $772.02 million in net income (profit) each year or $7.82 on an earnings per share basis.
How many employees does Align Technology have?: The company employs 22,540 workers across the globe.
Does Align Technology have any subsidiaries?: The following companies are subsidiares of Align Technology: Align Technology Switzerland GmbH, Cadent, G.L. Dental Couture, and exocad Global Holdings GmbH (“exocad”).
Read More
How can I contact Align Technology?: Align Technology's mailing address is 2820 ORCHARD PARKWAY, SAN JOSE CA, 95134. The official website for the company is www.aligntech.com. The medical equipment provider can be reached via phone at (408) 470-1000, via email at align@ethoscommunication.com, or via fax at 408-470-1010.

This page (NASDAQ:ALGN) was last updated on 10/1/2022 by MarketBeat.com Staff

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Align Technology - ALGN Stock Forecast, Price & News

Align Technology MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows