Align Technology I (NASDAQ:ALGN) shares traded -1.8% down during most recent session to reach at the closing price of $247.59. The stock exchanged hands 2.03 Million shares versus average trading capacity of 1.47 Million shares, yielding a market cap of $19.8 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $277.79 within the next 52-weeks. The mean target projections are based on 14 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Align Technology I (NASDAQ:ALGN) high price target of $320 and with a conservative view have low price target of $215.
Baird “Maintained” Align Technology I (NASDAQ:ALGN) in a research note issued to investors on 3/05/19 to Outperform with price target of $286.
Additionally on 2/14/19 UBS “Downgrades” Align Technology I (NASDAQ:ALGN) to Neutral setting price target at $0 and on 1/17/19 UBS “Initiates Coverage On” the stock to Buy at $230. Furthermore on 1/04/19 Morgan Stanley “Maintained” the stock to Equal-Weight at $210.
On the other hand the company has Relative Strength Index (RSI 14) of 54.94 along with Average True Range (ATR 14) of 8.21, Consequently Align Technology I (NASDAQ:ALGN)’s weekly and monthly volatility is 3.51%, 3.02% respectively. The company’s beta value is at 2.15.
In terms of Buy, Sell or Hold recommendations, Align Technology I (NASDAQ:ALGN) has analysts’ mean recommendation of 1.7. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Align Technology I (NASDAQ:ALGN)’s minimum EPS for the current quarter is at $0.81 and can go high up to $0.88. The consensus mean EPS for the current quarter is at $0.83 derived from a total of 14 estimates from the analysts who have weighed in on projected earnings. However the company reported $1.17 earnings per share for the same quarter during last year.
Previously Align Technology I (NASDAQ:ALGN) reported $1.2 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.05. The company posted an earnings surprise of 4.3%.
Align Technology I (NASDAQ:ALGN)’s revenue estimates for the current quarter are $530.4 Million according to 13 number of analysts, for the current quarter the company has high revenue estimates of $534.79 Million in contradiction of low revenue estimates of $525.1 Million. For the current year the company’s revenue estimates are $2.43 Billion compared to low analyst estimates of $2.38 Billion and high estimates of $2.45 Billion according to 15 number of analysts.
Currently Align Technology I (NASDAQ:ALGN)’s shares owned by insiders are 0.8%, whereas shares owned by institutional owners are 84.4%. However the six-month change in the insider ownership was recorded -6.63%, as well as three-month change in the institutional ownership was recorded 5.07%.
Align Technology I (NASDAQ:ALGN)’s trailing twelve month revenues are $1.97 Billion, whereas its price to sales ratio for the same period is 10.07. Its book value per share for the most recent quarter is $15.68 while its price to book ratio for the same period is 15.79, as for as the company’s cash per share for the most recent quarter is $9.2, however its price to cash per share ratio for the same period is 26.92. The stock has 5 year expected PEG ratio of 2.37 whereas its trailing twelve month P/E ratio is 50.3.