Align Technology, Inc. (ALGN) – Booming Business, But Richly Valued Stock

    Morici John, Chief Financial Officer, subtracted 2,374 shares of Align Technology, Inc. (ALGN) from its portfolio at the rate of $286.91 per share valuing $681,129 on May 31. The insider left behind 2,913 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Align Technology, Inc. (ALGN) was $283.37. Currently, the 1st Resistance Point for this stock is $287.62, with a 2nd Resistance Point sitting at $291.86. Meanwhile, this company’s stock has a 1st Support Level at $280.32 and a 2nd Support Level at $277.26. Align Technology, Inc. (ALGN) stock has gained $0.78, or 0.28%, in the past five days. In the last full month, these shares have lost -$6.69, or -2.31%. In the past three months, this stock’s price has risen by $1.88, or 0.67%. This year-to-date, Align Technology, Inc. (ALGN) shares have gained $73.94, or 35.31%.

    Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Align Technology, Inc. (ALGN) stock, Hold % of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 50% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 100 – 200 Day MACD Oscillator % of long-term indicators suggest that this stock is a “.”

    With 80,005 K shares outstanding, this company currently has a market capitalization of $22,714,216K. Align Technology, Inc. (ALGN) generates $1,966 M in annual sales, amounting to annual net income of $400,240 K. This stock has generated a 1-Year Total Return of -23.89%, a 3-Year Total Return of 234.99%, and a 5-year Total Return of 402.79%. This stock’s 5-Year Dividend Growth is 0.00%. Its Annual Dividend Yield is 0.00%, and its Annual Dividend Rate is 0.00.

    In the most recently-reported fiscal quarter, which ended in Mar-19, Align Technology, Inc. (ALGN) reported earnings of $1.18 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.83 per share, representing a 0.35 difference and 41.33% surprise. In the previous quarter ending in Dec-18, the reported earnings of $1.20 represented a 0.05 difference from the consensus estimate calling for $1.15 per share, which was a 4.05% surprise.

    For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is $1.13 per share. This estimate came from a total of 6 Wall Street Analysts. Of those market experts, the high estimate was $1.17 and the low estimate was $1.12. In the year-ago quarter, Align Technology, Inc. (ALGN) generated per-share earnings of $1.30. If the analysts are correct about the current quarter’s earnings, the growth will be -13.08% .

    Turning our focus now to insider trading activity, there have been 11 purchases (18,675 shares in total) and 27 sale (111,241 shares in total) in the last 3 months. In the last 6 months, there have been 24 insider buys amounting to 256,912 shares and 43 insider sales amounting to 228,332 shares. In the past full year, 29 insider purchases were made (involving 294,144 shares) and 64 insider sell-offs equivalent to 361,852 shares.

    Moving onto liquidity, Align Technology, Inc. (ALGN) has a Current Ratio of 1.88, a Quick Ratio of 1.80 and a Cash Ratio of 1.06.