Align Technology Stock Buy Hold or Sell Recommendation
| ALGN Stock | USD 254.50 1.51 0.59% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Align Technology is 'Strong Hold'. The recommendation algorithm takes into account all of Align Technology's available fundamental, technical, and predictive indicators you will find on this site.
Check out Align Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide. In addition, we conduct extensive research on individual companies such as Align and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards 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.
Align |
Execute Align Technology Buy or Sell Advice
The Align recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Align Technology. Macroaxis does not own or have any residual interests in Align Technology or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Align Technology's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Align Technology Trading Alerts and Improvement Suggestions
| 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 89.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: Glaukos Gains 40.4 percent YTD Whats Driving the Rally |
Align Technology Returns Distribution Density
The distribution of Align Technology's historical returns is an attempt to chart the uncertainty of Align Technology's future price movements. The chart of the probability distribution of Align Technology daily returns describes the distribution of returns around its average expected value. We use Align Technology price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Align Technology returns is essential to provide solid investment advice for Align Technology.
| Mean Return | -0.26 | Value At Risk | -3.25 | Potential Upside | 3.18 | Standard Deviation | 1.99 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Align Technology historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Align Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Align Technology, soars without any apparent reason. This usually happens because many institutional investors are aggressively trading Align Technology back and forth among themselves. Companies that invest excess capital in these types of assets may also be included in this term and can influence corporate governance by exercising voting rights in their investments.
| Shares | Ninety One Uk Limited | 2024-03-31 | 1.1 M | Bank Of New York Mellon Corp | 2024-03-31 | 1.1 M | Wellington Management Company Llp | 2024-03-31 | 1 M | Morgan Stanley - Brokerage Accounts | 2024-03-31 | 979.4 K | Bares Capital Management Inc | 2024-03-31 | 819.9 K | Norges Bank | 2023-12-31 | 816.1 K | Northern Trust Corp | 2024-03-31 | 761.5 K | Amvescap Plc. | 2024-03-31 | 733.7 K | Disciplined Growth Investors Inc | 2024-03-31 | 703.9 K | Vanguard Group Inc | 2024-03-31 | 8.4 M | Blackrock Inc | 2024-03-31 | 7.7 M |
Align Technology Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (58.3M) | (29.1M) | (112.5M) | (130.1M) | 30.2M | 31.7M | |
| Change In Cash | (86.4M) | 410.3M | 138.7M | (157.8M) | (3.8M) | (3.6M) | |
| Free Cash Flow | 597.6M | 507.3M | 771.4M | 276.8M | 608.1M | 638.5M | |
| Depreciation | 79.0M | 93.5M | 108.7M | 125.8M | 142.4M | 149.5M | |
| Other Non Cash Items | 61.8M | 56.2M | 7.8M | 71.8M | 70.8M | 74.4M | |
| Capital Expenditures | 149.7M | 154.9M | 401.1M | 291.9M | 177.7M | 186.6M | |
| Net Income | 442.8M | 1.8B | 772.0M | 361.6M | 445.1M | 467.3M | |
| End Period Cash Flow | 551.1M | 961.5M | 1.1B | 942.4M | 938.5M | 985.4M | |
| Investments | (186.0M) | 343.0M | (563.4M) | (213.3M) | (238.4M) | (226.5M) | |
| Change Receivables | (109.2M) | (121.0M) | (139.8M) | (262.1M) | (235.9M) | (224.1M) | |
| Change To Netincome | 131.8M | (1.4B) | 1.2B | 165.7M | 190.5M | 200.1M |
Align Technology Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Align Technology or Health Care Equipment & Supplies sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Align Technology's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Align stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.3 | |
β | Beta against NYSE Composite | 1.93 | |
σ | Overall volatility | 1.98 | |
Ir | Information ratio | -0.14 |
Align Technology Volatility Alert
Align Technology exhibits very low volatility with skewness of -0.54 and kurtosis of 1.57. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Align Technology's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Align Technology's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Align Technology Implied Volatility
Align Technology's implied volatility exposes the market's sentiment of Align Technology stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Align Technology's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Align Technology stock will not fluctuate a lot when Align Technology's options are near their expiration.
Align Technology Fundamentals Vs Peers
Comparing Align Technology's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Align Technology's direct or indirect competition across all of the common fundamentals between Align Technology and the related equities. This way, we can detect undervalued stocks with similar characteristics as Align Technology or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Align Technology's fundamental indicators could also be used in its relative valuation, which is a method of valuing Align Technology by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Align Technology to competition |
| Fundamentals | Align Technology | Peer Average |
| Return On Equity | 0.13 | -0.31 |
| Return On Asset | 0.0702 | -0.14 |
| Profit Margin | 0.12 % | (1.27) % |
| Operating Margin | 0.15 % | (5.51) % |
| Current Valuation | 17.97 B | 16.62 B |
| Shares Outstanding | 75.28 M | 571.82 M |
| Shares Owned By Insiders | 6.54 % | 10.09 % |
| Shares Owned By Institutions | 88.94 % | 39.21 % |
| Number Of Shares Shorted | 1.5 M | 4.71 M |
| Price To Earning | 29.97 X | 28.72 X |
| Price To Book | 6.53 X | 9.51 X |
| Price To Sales | 6.14 X | 11.42 X |
| Revenue | 3.86 B | 9.43 B |
| Gross Profit | 2.64 B | 27.38 B |
| EBITDA | 643.34 M | 3.9 B |
| Net Income | 445.05 M | 570.98 M |
| Cash And Equivalents | 1.09 B | 2.7 B |
| Cash Per Share | 13.96 X | 5.01 X |
| Total Debt | 96.97 M | 5.32 B |
| Debt To Equity | 0.03 % | 48.70 % |
| Current Ratio | 1.38 X | 2.16 X |
| Book Value Per Share | 49.94 X | 1.93 K |
| Cash Flow From Operations | 785.78 M | 971.22 M |
| Short Ratio | 2.25 X | 4.00 X |
| Earnings Per Share | 6.05 X | 3.12 X |
| Price To Earnings To Growth | 1.96 X | 4.89 X |
| Target Price | 343.31 | |
| Number Of Employees | 21.67 K | 18.84 K |
| Beta | 1.66 | -0.15 |
| Market Capitalization | 18.74 B | 19.03 B |
| Total Asset | 6.08 B | 29.47 B |
| Retained Earnings | 2.45 B | 9.33 B |
| Working Capital | 380.01 M | 1.48 B |
Note: Acquisition by Emory Wright of 3533 shares of Align Technology subject to Rule 16b-3 [view details]
Align Technology Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Align . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 254.5 | |||
| Day Typical Price | 254.5 | |||
| Price Action Indicator | (0.75) | |||
| Period Momentum Indicator | (1.51) | |||
| Relative Strength Index | 28.27 |
About Align Technology Buy or Sell Advice
When is the right time to buy or sell Align Technology? Buying financial instruments such as Align Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 102.7M | 126.9M | 97.0M | 101.8M | Total Assets | 5.9B | 5.9B | 6.1B | 6.4B |
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Additional Information and Resources on Investing in Align Stock
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 Align Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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 0.219 | Earnings Share 6.05 | Revenue Per Share 51.541 | Quarterly Revenue Growth 0.058 | Return On Assets 0.0702 |
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.