More Pressure On The Horizon: Align Technology, Inc. (ALGN)

Wall Street analysts will be watching closely when Align Technology, Inc. (NASDAQ:ALGN) reports its quarterly earnings next, which is scheduled for Tue 29 Jan (In 16 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $1.44 per share. In the preceding quarter, the company reportedly generated EPS of $1.24 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 24.60%, a profit margin of 16.90% and a gross margin of 74.60%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Align Technology, Inc. (NASDAQ:ALGN). Most recently, on November 20th, 2018, Credit Suisse Reiterated a Outperform rating. Before that, on July 26th, 2018, Stifel Reiterated to Buy. Stifel Reiterated a Buy rating on July 13th, 2018, BofA/Merrill Resumed an Buy rating on June 25th, 2018, and Stifel Reiterated a Buy rating on May 22nd, 2018.

At its current price point, combined with the fact that this company has 81.76M shares outstanding, the current market capitalization sits at 16.21B. In the last trading day, 1,084,780 shares of Align Technology, Inc. were traded, which compares to its usual volume of about 1.54M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $11.54 in the past five trading days, resulting in a percentage change of +6.18% and a moving average of 196.82. In the past 20 days, its price changed by -$21.04 (which is -9.59%) and the stock’s moving average was 201.96. Looking back a full 50 days, shares of ALGN changed by -$19.69 (which is -9.03%) and demonstrated a moving average of 215.26.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 62.00%, a 14-day Stochastic %K score of 62.00% and a 20-day Stochastic %K score of 47.63%. Using a similar metric, Align Technology, Inc. (ALGN) shares showed a Stochastic %D of 54.85% over the past 9 days, a Stochastic %D score of 54.85% over the last 14 days, and a 20-day Stochastic %D of 41.18%. Meanwhile, this stock’s MACD Oscillator was 4.06 over the past 9 days, 1.07 over the past two weeks, and -1.56 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $198.25 level. Over the past 12 months, this stock has experienced a high price of $398.88 and a low of $177.93. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc sold more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Align Technology, Inc. (NASDAQ:ALGN) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 7,909,965 shares of the company’s stock following the subtraction of -16,183 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 9.89% stake in Align Technology, Inc. (ALGN)’s shares.

Just in the most recent trading day, Align Technology, Inc. (NASDAQ:ALGN) experienced a high price of $201.6 and low point of $195.63. At the end of the last trading session, this stock was at 198.25 per share, following a loss of -$1.04, or -2.17% during the full day.