Align Technology Stock Today
| ALGN Stock | USD 229.66 1.73 0.76% |
Performance0 of 100
| Odds Of DistressLess than 5
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Align Technology is selling at 229.66 as of the 28th of November 2024; that is 0.76 percent increase since the beginning of the trading day. The stock's open price was 227.93. Align Technology has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Note, on June 8, 2024, Representative Josh Gottheimer of US Congress acquired under $15k worth of Align Technology's common stock.
Business Domain Health Care Equipment & Services | IPO Date 26th of January 2001 | Category Healthcare | Classification Health Care |
Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. Align Technology, Inc. The company has 74.65 M outstanding shares of which 2.9 M shares are presently shorted by private and institutional investors with about 3.08 trading days to cover. More on Align Technology
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Align Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO and President and Director | Joseph Hogan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, SP 500 Index, NASDAQ Composite, Cannabis, Obamacare Repeal, Trump Equities, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsAlign Technology can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Align Technology's financial leverage. It provides some insight into what part of Align Technology's total assets is financed by creditors.
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Align Technology (ALGN) is traded on NASDAQ Exchange in USA. It is located in 410 North Scottsdale Road, Tempe, AZ, United States, 85288 and employs 21,690 people. Align Technology is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 17.02 B. Align Technology conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 74.65 M outstanding shares of which 2.9 M shares are presently shorted by private and institutional investors with about 3.08 trading days to cover.
Align Technology currently holds about 1.09 B in cash with 785.78 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.96.
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Ownership AllocationAlign Technology holds a total of 74.65 Million outstanding shares. The majority of Align Technology outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Align Technology to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Align Technology. Please pay attention to any change in the institutional holdings of Align Technology as this could imply that something significant has changed or is about to change at the company. On June 8, 2024, Representative Josh Gottheimer of US Congress acquired under $15k worth of Align Technology's common stock.
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Align Stock Institutional Holders
| Instituion | Recorded On | 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 Historical Income Statement
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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 |
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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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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.
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.