Align Technology Stock Price on May 31, 2024
| ALGN Stock | USD 232.77 3.11 1.35% |
Below is the normalized historical share price chart for Align Technology extending back to January 26, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Align Technology stands at 232.77, as last reported on the 1st of December, with the highest price reaching 233.67 and the lowest price hitting 226.75 during the day.
If you're considering investing in Align Stock, it is important to understand the factors that can impact its price. As of now, Align Stock is very steady. Align Technology secures Sharpe Ratio (or Efficiency) of 0.0295, which signifies that the company had a 0.0295% return per unit of risk over the last 3 months. We have found thirty technical indicators for Align Technology, which you can use to evaluate the volatility of the firm. Please confirm Align Technology's Downside Deviation of 2.2, risk adjusted performance of 0.0197, and Mean Deviation of 1.92 to double-check if the risk estimate we provide is consistent with the expected return of 0.0705%.
At this time, Align Technology's Total Stockholder Equity is very stable compared to the past year. As of the 1st of December 2024, Liabilities And Stockholders Equity is likely to grow to about 6.4 B, while Common Stock Total Equity is likely to drop 7,365. . As of the 1st of December 2024, Price Earnings To Growth Ratio is likely to grow to 1.90, while Price To Sales Ratio is likely to drop 5.15. Align Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 26th of January 2001 | 200 Day MA 258.1565 | 50 Day MA 226.8932 | Beta 1.65 |
Align |
Sharpe Ratio = 0.0295
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| Cash | Small Risk | ALGN | High Risk | Huge Risk |
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Estimated Market Risk
| 2.39 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Align Technology is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Align Technology by adding it to a well-diversified portfolio.
Price Book 4.4055 | Enterprise Value Ebitda 20.0723 | Price Sales 4.3876 | Shares Float 70.2 M | Wall Street Target Price 261.24 |
Related Headline
Insulet Headline on 31st of May 2024
Disposition of 73 shares by James Hollingshead of Insulet at... by James Hollingshead
Filed transaction by Insulet Director, Officer: President And Ceo. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Align Technology Valuation on May 31, 2024
It is possible to determine the worth of Align Technology on a given historical date. On May 31, 2024 Align was worth 257.36 at the beginning of the trading date compared to the closed value of 257.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Align Technology stock. Still, in general, we apply an absolute valuation method to find Align Technology's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Align Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Align Technology's related companies.
| Open | High | Low | Close | Volume | |
| 253.70 | 260.22 | 251.95 | 256.50 | 1,282,100 | |
05/31/2024 | 257.36 | 258.32 | 252.90 | 257.21 | 1,024,000 |
| 257.21 | 259.53 | 253.88 | 254.53 | 798,800 |
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Align Technology Trading Date Momentum on May 31, 2024
| On June 03 2024 Align Technology was traded for 254.53 at the closing time. The top price for the day was 259.53 and the lowest listed price was 253.88 . The trading volume for the day was 798.8 K. The trading history from June 3, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.04% . The overall trading delta against the current closing price is 1.78% . |
Align Technology Fundamentals Correlations and Trends
By evaluating Align Technology's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Align Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Align financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Align Technology Stock history
Align Technology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Align is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Align Technology will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Align Technology stock prices may prove useful in developing a viable investing in Align Technology
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 76.6 M | 74.1 M | |
| Net Income Applicable To Common Shares | 415.8 M | 314 M |
Align Technology Quarterly Net Working Capital |
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Align Technology Stock Technical Analysis
Align Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Align Technology Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Align Technology cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Align Technology December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Align Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Align Technology shares will generate the highest return on investment. By undertsting and applying Align Technology stock market strength indicators, traders can identify Align Technology entry and exit signals to maximize returns
Align Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Align Technology's price direction in advance. Along with the technical and fundamental analysis of Align Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Align to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0197 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0208 |
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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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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 5.87 | 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.
Please note, there is a significant difference between Align Technology's value and its price as these two are different measures arrived at by different 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.