NASDAQ:ALGN Align Technology - ALGN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Align Technology, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $343.10 -16.78 (-4.66%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$341.00▼$352.8450-Day Range$186.04▼$359.8852-Week Range$172.05▼$552.00Volume1.66 million shsAverage Volume1.22 million shsMarket Capitalization$26.80 billionP/E Ratio74.43Dividend YieldN/APrice Target$300.78 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Align Technology MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside4.6% Upside$358.78 Price TargetShort InterestHealthy3.14% of Float Sold ShortDividend StrengthN/ASustainability-1.34Upright™ Environmental ScoreNews Sentiment0.85Based on 25 Articles This WeekInsider TradingN/AProj. Earnings Growth27.13%From $6.45 to $8.20 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.58 out of 5 starsMedical Sector105th out of 1,029 stocksSurgical Appliances & Supplies Industry6th out of 23 stocks 2.4 Analyst's Opinion Consensus RatingAlign Technology has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $358.78, Align Technology has a forecasted upside of 4.6% from its current price of $343.10.Amount of Analyst CoverageAlign Technology has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.14% of the float of Align Technology has been sold short.Short Interest Ratio / Days to CoverAlign Technology has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Align Technology has recently increased by 31.43%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldAlign Technology does not currently pay a dividend.Dividend GrowthAlign Technology does not have a long track record of dividend growth. Previous Next 3.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAlign 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 SustainabilityThe Environmental Impact score for Align Technology is -1.34. Previous Next 3.8 News and Social Media Coverage News SentimentAlign Technology has a news sentiment score of 0.85. 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 0.45 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 25 news articles for Align Technology this week, compared to 4 articles on an average week.Search Interest41 people have searched for ALGN on MarketBeat in the last 30 days. This is an increase of 156% compared to the previous 30 days.MarketBeat Follows15 people have added Align Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 88% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Align Technology insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.64% of the stock of Align Technology is held by insiders.Percentage Held by Institutions84.90% of the stock of Align Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Align Technology are expected to grow by 27.13% in the coming year, from $6.45 to $8.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Align Technology is 74.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.69.Price to Earnings Ratio vs. SectorThe P/E ratio of Align Technology is 74.43, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 118.17.Price to Earnings Growth RatioAlign Technology has a PEG Ratio of 35.61. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAlign Technology has a P/B Ratio of 7.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Align Technology (NASDAQ:ALGN) StockAlign Technology, Inc. engages in the design, manufacture, and market of orthodontics, restorative, and aesthetic dentistry products. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of Invisalign full, teen, and assist products, and Vivera retainers for treating malocclusion. The Scanner and Services segment consists of intraoral scanning systems such as single hardware platforms and restorative or orthodontic software options, ancillary products, and other related additional services. The company was founded by Zia Chishti, Brian Freyburger, and Kelsey Wirth in March 1997 and is headquartered in Tempe, AZ.Read More Receive ALGN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Align Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address ALGN Stock News HeadlinesFebruary 2, 2023 | finance.yahoo.comAlign Technology, Inc. (NASDAQ:ALGN) Q4 2022 Earnings Call TranscriptFebruary 2, 2023 | finance.yahoo.comInvisalign Maker Align Tech Catapults 27% On Its 'Rosy Vision' For 2023February 3, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.February 2, 2023 | benzinga.comHere's Why Align Technology Stock Is SoaringFebruary 2, 2023 | baystreet.caAlign Vault on Earnings BeatFebruary 1, 2023 | msn.comStocks making the biggest moves after hours: Meta, Align Technology, e.l.f Beauty and moreFebruary 1, 2023 | markets.businessinsider.comAlign Technology Inc. Q4 Profit Decreases, but beats estimatesFebruary 1, 2023 | benzinga.comWhy Align Technology Stock Is Surging After HoursFebruary 3, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.February 1, 2023 | msn.comAlign Technology rises 15% after Q4 2022 beatFebruary 1, 2023 | finance.yahoo.comAlign Technology Announces Fourth Quarter and Fiscal 2022 Financial ResultsFebruary 1, 2023 | finance.yahoo.comStocks moving in after hours: Meta, Align, E.L.F. BeautyFebruary 1, 2023 | finance.yahoo.comAlign Technologies stock surges more than 10% after earnings beatFebruary 1, 2023 | finance.yahoo.comStocks moving in after-hours: Meta, ELF, AlignJanuary 30, 2023 | americanbankingnews.comAlign Technology (ALGN) Set to Announce Quarterly Earnings on WednesdayJanuary 25, 2023 | finance.yahoo.comEarnings Preview: Align Technology (ALGN) Q4 Earnings Expected to DeclineJanuary 25, 2023 | americanbankingnews.comAlign Technology, Inc. (NASDAQ:ALGN) Receives Consensus Recommendation of "Moderate Buy" from BrokeragesJanuary 4, 2023 | finance.yahoo.comSome Investors May Be Worried About Align Technology's (NASDAQ:ALGN) Returns On CapitalJanuary 3, 2023 | finance.yahoo.comAlign Technology to Announce Fourth Quarter and 2022 Results on February 1, 2023December 31, 2022 | msn.comAlign, Invitae among healthcare stocks SA contributors correctly said to avoid in 2022December 15, 2022 | marketwatch.comAlign Technology Inc. stock rises Thursday, outperforms marketDecember 13, 2022 | seekingalpha.comAlign Technology: Too Expensive For My TasteDecember 2, 2022 | finance.yahoo.comMMSI vs. ALGN: Which Stock Is the Better Value Option?November 30, 2022 | markets.businessinsider.comALGN vs. ROKU: Two 2023 Turnaround Stocks for Courageous ContrariansNovember 10, 2022 | seekingalpha.comAlign Technology: Not AlignedNovember 8, 2022 | finance.yahoo.comThe President of Align Technology, Inc. (NASDAQ:ALGN), Joseph Hogan, Just Bought 6.0% More SharesNovember 8, 2022 | finance.yahoo.comAlign Technology to Award Research Programs That Advance Orthodontic and Dental Patient CareSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive ALGN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Align Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address ALGN Company Calendar Last Earnings10/26/2021Today2/03/2023Next Earnings (Estimated)4/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Surgical appliances & supplies Sub-IndustryHealth Care Supplies SectorMedical Current SymbolNASDAQ:ALGN CUSIP01625510 CIK1097149 Webwww.aligntech.com Phone(408) 470-1000Fax408-470-1010Employees22,540Year Founded1997Price Target and Rating Average Stock Price Forecast$358.78 High Stock Price Forecast$418.00 Low Stock Price Forecast$307.00 Forecasted Upside/Downside-12.3%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$4.61 Trailing P/E Ratio74.43 Forward P/E Ratio53.19 P/E Growth35.61Net Income$772.02 million Net Margins9.68% Pretax Margin18.21% Return on Equity11.86% Return on Assets7.36% Debt Debt-to-Equity RatioN/A Current Ratio1.38 Quick Ratio1.20 Sales & Book Value Annual Sales$3.73 billion Price / Sales7.18 Cash Flow$13.56 per share Price / Cash Flow25.30 Book Value$45.94 per share Price / Book7.47Miscellaneous Outstanding Shares78,110,000Free Float77,612,000Market Cap$26.80 billion OptionableOptionable Beta1.62 Social Links Key ExecutivesJoseph M. HoganPresident, Chief Executive Officer & DirectorEmory M. WrightExecutive Vice President-Global OperationsJohn F. MoriciChief Financial Officer & EVP-Global FinanceZelko RelicChief Technology Officer & Senior Vice PresidentJulie Ann ColettiExecutive VP, Chief Legal & Regulatory OfficerKey CompetitorsSTERISNYSE:STEZimmer BiometNYSE:ZBHSmith & NephewNYSE:SNNEdwards LifesciencesNYSE:EWLaboratory Co. of AmericaNYSE:LHView All CompetitorsInsiders & InstitutionsFisher Asset Management LLCSold 156 shares on 2/3/2023Ownership: 0.732%Securian Asset Management Inc.Sold 243 shares on 2/3/2023Ownership: 0.008%D.A. Davidson & CO.Bought 162 shares on 2/3/2023Ownership: 0.005%OLD National Bancorp INSold 89 shares on 2/3/2023Ownership: 0.003%Spire Wealth ManagementBought 46 shares on 2/3/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions ALGN Stock - Frequently Asked Questions Should I buy or sell Align Technology stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street 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 2023? 8 Wall Street analysts have issued 12-month price targets for Align Technology's shares. Their ALGN share price forecasts range from $307.00 to $418.00. On average, they anticipate the company's share price to reach $358.78 in the next twelve months. This suggests a possible upside of 4.6% 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 2023? Align Technology's stock was trading at $210.90 at the beginning of 2023. Since then, ALGN stock has increased by 62.7% and is now trading at $343.10. View the best growth stocks for 2023 here. Are investors shorting Align Technology? Align Technology saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,300,000 shares, an increase of 31.4% from the December 31st total of 1,750,000 shares. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is currently 2.1 days. Currently, 3.1% of the company's stock are short sold. View Align Technology's Short Interest. When is Align Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023. View our ALGN earnings forecast. How were Align Technology's earnings last quarter? Align Technology, Inc. (NASDAQ:ALGN) posted its quarterly earnings data on Tuesday, October, 26th. The medical equipment provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.60 by $0.27. The medical equipment provider had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.81 million. Align Technology had a trailing twelve-month return on equity of 11.86% and a net margin of 9.68%. The firm's quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.76 earnings per share. Read the conference call transcript. What guidance has Align Technology issued on next quarter's earnings? Align Technology issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $901.51 million-$901.51 million, compared to the consensus revenue estimate of $889.51 million. 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." Who are Align Technology's major shareholders? Align Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.73%), Parnassus Investments LLC (0.60%), Keybank National Association OH (0.55%), Riverbridge Partners LLC (0.32%), Sumitomo Mitsui Trust Holdings Inc. (0.27%) and Allspring Global Investments Holdings LLC (0.25%). Insiders that own company stock include Andrea Lynn Saia, C Raymond Larkin Jr, C Raymond Larkin, Jr, Emory Wright, George J Morrow, John Morici, Joseph Lacob, Joseph M Hogan, Julie Ann Coletti, Julie Tay, Kevin C Burns, Robert E Fitzgerald, Simon Beard, Stuart A Hockridge, Stuart A Hockridge, Susan E Siegel, Thomas M Prescott, Vamsi Mohan Raj Pudipeddi, Warren S Thaler, Yuval Shaked and Zelko Relic. View institutional ownership trends. 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 $343.10. How much money does Align Technology make? Align Technology (NASDAQ:ALGN) has a market capitalization of $26.80 billion and generates $3.73 billion in revenue each year. The medical equipment provider earns $772.02 million in net income (profit) each year or $4.61 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 2/3/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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