Is Align Technology Stock a Good Investment?
Align Technology Investment Advice | ALGN |
- Examine Align Technology's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Align Technology's leadership team and their track record. Good management can help Align Technology navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact Align Technology's business and its evolving consumer preferences.
- Compare Align Technology's performance and market position to its competitors. Analyze how Align Technology is positioned in terms of product offerings, innovation, and market share.
- Check if Align Technology pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Align Technology's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Align Technology stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Align Technology is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Align Technology Stock
Researching Align Technology's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 90.0% of the company shares are held by institutions such as insurance companies. The book value of Align Technology was presently reported as 52.76. The company has Price/Earnings To Growth (PEG) ratio of 1.33. Align Technology recorded earning per share (EPS) of 5.86. The entity had not issued any dividends in recent years.
To determine if Align Technology is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Align Technology's research are outlined below:
| Align Technology generated a negative expected return over the last 90 days | |
| Align Technology has a strong financial position based on the latest SEC filings | |
| Over 90.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investing.com: U.S. stocks higher at close of trade Dow Jones Industrial Average up 0.28 |
Align Technology Quarterly Cost Of Revenue |
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Align Technology uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Align Technology. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Align Technology's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 31st of January 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Align Technology's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Align Technology's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2008-07-29 | 2008-06-30 | 0.05 | 0.06 | 0.01 | 20 | ||
2008-01-29 | 2007-12-31 | 0.09 | 0.08 | -0.01 | 11 | ||
2005-07-20 | 2005-06-30 | 0.02 | 0.01 | -0.01 | 50 | ||
2003-07-24 | 2003-06-30 | -0.05 | -0.06 | -0.01 | 20 | ||
2006-04-26 | 2006-03-31 | -0.1 | -0.08 | 0.02 | 20 | ||
2011-01-26 | 2010-12-31 | 0.17 | 0.14 | -0.03 | 17 | ||
2006-10-25 | 2006-09-30 | -0.13 | -0.16 | -0.03 | 23 | ||
2004-07-22 | 2004-06-30 | 0.06 | 0.09 | 0.03 | 50 |
Know Align Technology's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Align Technology is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Align Technology backward and forwards among themselves. Align Technology's institutional investor refers to the entity that pools money to purchase Align Technology's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Bank Of New York Mellon Corp | 2024-06-30 | 1.1 M | Capital World Investors | 2024-09-30 | 1.1 M | Brown Advisory Holdings Inc | 2024-09-30 | 971.9 K | Jpmorgan Chase & Co | 2024-06-30 | 945.7 K | Alliancebernstein L.p. | 2024-06-30 | 920 K | Norges Bank | 2024-06-30 | 892.6 K | Amvescap Plc. | 2024-06-30 | 834.8 K | Sands Capital Management, Llc | 2024-09-30 | 800.4 K | Disciplined Growth Investors Inc | 2024-09-30 | 753 K | Vanguard Group Inc | 2024-09-30 | 8.5 M | Blackrock Inc | 2024-06-30 | 8 M |
Align Technology's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 17.02 B.Market Cap |
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Align Technology's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.08 | 0.08 | |
| Return On Capital Employed | 0.16 | 0.17 | |
| Return On Assets | 0.07 | 0.08 | |
| Return On Equity | 0.12 | 0.09 |
Determining Align Technology's profitability involves analyzing its financial statements and using various financial metrics to determine if Align Technology is a good buy. For example, gross profit margin measures Align Technology's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Align Technology's profitability and make more informed investment decisions.
Align Technology's Earnings Breakdown by Geography
Evaluate Align Technology's management efficiency
Align Technology has return on total asset (ROA) of 0.067 % which means that it generated a profit of $0.067 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.114 %, meaning that it created $0.114 on every $100 dollars invested by stockholders. Align Technology's management efficiency ratios could be used to measure how well Align Technology manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Align Technology's Return On Tangible Assets are very stable compared to the past year. As of the 28th of November 2024, Return On Capital Employed is likely to grow to 0.17, while Return On Equity is likely to drop 0.09. At this time, Align Technology's Intangible Assets are very stable compared to the past year. As of the 28th of November 2024, Net Tangible Assets is likely to grow to about 3.7 B, while Deferred Long Term Asset Charges is likely to drop about 52.9 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 47.50 | 49.88 | |
| Tangible Book Value Per Share | 40.94 | 42.99 | |
| Enterprise Value Over EBITDA | 25.19 | 41.38 | |
| Price Book Value Ratio | 5.77 | 5.51 | |
| Enterprise Value Multiple | 25.19 | 41.38 | |
| Price Fair Value | 5.77 | 5.51 | |
| Enterprise Value | 45.8 B | 48.1 B |
At Align Technology, effective management practices are pivotal to sustaining long-term profitability. We delve into financial metrics and market conditions to provide a comprehensive analysis of the stock's prospects.
Beta 1.65 |
Basic technical analysis of Align Stock
As of the 28th of November, Align Technology shows the Downside Deviation of 2.2, mean deviation of 1.95, and Risk Adjusted Performance of 0.0084. Align Technology technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Align Technology's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Align Technology insiders, such as employees or executives, is commonly permitted as long as it does not rely on Align Technology's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Align Technology insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
John Morici over a month ago Disposition of 603 shares by John Morici of Align Technology at 1.0E-4 subject to Rule 16b-3 | ||
Siegel Susan E over two months ago Acquisition by Siegel Susan E of 1148 shares of Align Technology at 1.0E-4 subject to Rule 16b-3 | ||
Emory Wright over six months ago Acquisition by Emory Wright of 3533 shares of Align Technology subject to Rule 16b-3 | ||
Stuart Hockridge over six months ago Acquisition by Stuart Hockridge of 2765 shares of Align Technology subject to Rule 16b-3 | ||
Joseph Lacob over six months ago Disposition of 10000 shares by Joseph Lacob of Align Technology at 313.0075 subject to Rule 16b-3 | ||
Emory Wright over a year ago Acquisition by Emory Wright of 1070 shares of Align Technology subject to Rule 16b-3 | ||
Emory Wright over a year ago Exercise or conversion by Emory Wright of 544 shares of Align Technology subject to Rule 16b-3 |
Align Technology's Outstanding Corporate Bonds
Align Technology issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Align Technology uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Align bonds can be classified according to their maturity, which is the date when Align Technology has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| ATDBCN 34 13 MAY 41 Corp BondUS01626PAP18 | View | |
| ATDBCN 3625 13 MAY 51 Corp BondUS01626PAQ90 | View | |
| ATDBCN 45 26 JUL 47 Corp BondUS01626PAG19 | View | |
| ATDBCN 355 26 JUL 27 Corp BondUS01626PAH91 | View | |
| ATDBCN 295 25 JAN 30 Corp BondUS01626PAM86 | View |
Understand Align Technology's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Align Technology's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0084 | |||
| Market Risk Adjusted Performance | 0.0066 | |||
| Mean Deviation | 1.95 | |||
| Semi Deviation | 2.17 | |||
| Downside Deviation | 2.2 | |||
| Coefficient Of Variation | 50040.55 | |||
| Standard Deviation | 2.45 | |||
| Variance | 6.02 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0) | |||
| Maximum Drawdown | 10.02 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.22 | |||
| Downside Variance | 4.84 | |||
| Semi Variance | 4.7 | |||
| Expected Short fall | (2.22) | |||
| Skewness | 0.5061 | |||
| Kurtosis | 0.3966 |
| Risk Adjusted Performance | 0.0084 | |||
| Market Risk Adjusted Performance | 0.0066 | |||
| Mean Deviation | 1.95 | |||
| Semi Deviation | 2.17 | |||
| Downside Deviation | 2.2 | |||
| Coefficient Of Variation | 50040.55 | |||
| Standard Deviation | 2.45 | |||
| Variance | 6.02 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0) | |||
| Maximum Drawdown | 10.02 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.22 | |||
| Downside Variance | 4.84 | |||
| Semi Variance | 4.7 | |||
| Expected Short fall | (2.22) | |||
| Skewness | 0.5061 | |||
| Kurtosis | 0.3966 |
Consider Align Technology's intraday indicators
Align Technology intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Align Technology stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 14699.65 | |||
| Daily Balance Of Power | 0.2594 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 231.27 | |||
| Day Typical Price | 230.73 | |||
| Price Action Indicator | (0.74) | |||
| Period Momentum Indicator | 1.73 | |||
| Relative Strength Index | 46.0 |
Align Technology Corporate Filings
10Q | 5th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 25th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 19th of August 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 30th of May 2024 Other Reports | ViewVerify |
Align Stock media impact
Far too much social signal, news, headlines, and media speculation about Align Technology that are available to investors today. That information is available publicly through Align media outlets and privately through word of mouth or via Align internal channels. However, regardless of the origin, that massive amount of Align data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Align Technology news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Align Technology relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Align Technology's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Align Technology alpha.
Align Technology Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Align Technology can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Align Technology Historical Investor Sentiment
Investor biases related to Align Technology's public news can be used to forecast risks associated with an investment in Align. The trend in average sentiment can be used to explain how an investor holding Align can time the market purely based on public headlines and social activities around Align Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Align Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Align Technology and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Align Technology news discussions. The higher the estimate score, the more favorable the investor's outlook on Align Technology.
Align Technology Corporate Executives
Elected by the shareholders, the Align Technology's board of directors comprises two types of representatives: Align Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Align. The board's role is to monitor Align Technology's management team and ensure that shareholders' interests are well served. Align Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Align Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Morici | CFO Finance | Profile |
Already Invested in Align Technology?
The danger of trading Align Technology is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Align Technology is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Align Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Align Technology is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Align Technology. If investors know Align will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Align Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.02) | Earnings Share 5.86 | Revenue Per Share 52.669 | Quarterly Revenue Growth 0.018 | Return On Assets 0.067 |
The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Align Technology's market value can be influenced by many factors that don't directly affect Align Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Align Technology's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.