Align Technology Inc. (ALGN): Investor showing Interest in it


Align Technology Inc. (NASDAQ:ALGN) changes shares on Friday trading session, with a change of 5.51% or $13.12 shares. The trading starts at $250.64 and closed at $238.28 throughout the day. The trading session low price was $243.94 and day high was $257.34 on Friday, June 12. After the session, the Healthcare sector daily volume shifted to 1.31 million while its average volume is 1.32M. In other hand, the ALGN market cap reached to $18.77B.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -12.77% and up 25.09% for month. Its quarterly performance was 28.34% above, while its half year performance is down -8.66%. ALGN yearly performance stood at negative -19.18% and fall -9.91% for year-to-date. Current recommendation for Align Technology Inc. is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ALGN EPS (TTM) for 12-month is 23.85. EPS for this year is 12.40%, while for the next year its value is 6.85. Sales growth for the current quarter is 0.61 while its EPS Q/Q reached 2013.00%. It has an EPS of 25.50% up for past five years and for the next five years will be up 17.34%.

Let’s take a look on the analyst recommendations on ALGN for the current month and previous month. For the current month, 10 of 17 analysts recommend stock as Buy while 0 as Sell, 1 as overweight, 1 as underweight and 5 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings.

The insider ownership moved to 0.80% and institutional holding shifted to 88.60%.

The company posted an EPS (TTM) of 23.85. According to the most recent quarter report on (Jun 2020), 14 analysts estimated an average EPS of -0.02, while 1.83 EPS posted a year ago period. Analyst Estimated EPS for ALGN published in the report was -1.02-0.57 during the same period. Comparing with last year, the average estimated EPS was 1.83 which is higher than 0.73 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ALGN rise 9.61% for period of 200 days. SMA for 50 days was 16.62% which is showing green signal, while SMA-20 was 0.97%. The moving average value for Align Technology Inc. (ALGN) is 236.39 and 233.82 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ALGN stock. On May 29, Morici John, Chief Financial Officer, sold 4,154 trading shares at the cost of $251.55, which valued at 1.04 million. On May 28, LACOB JOSEPH, Director, sold 10,000 shares at the cost of $251.15, with total shares of 174,360. On May 22, Tay Julie, SVP & Mng Dir. Asia Pacific, sold 3,370 shares at the cost of 241.00. After this transaction, Tay Julie total shares reached to 25,242 which valued at 0.81 million.