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ALGN

ALGN - Align Technology Inc Stock Price, Fair Value and News

301.95USD-11.83 (-3.77%)Market Closed as of 25 Apr 2024, 09:55 am ET

Market Summary

ALGN
USD301.95-11.83
Market Closedas of 25 Apr 2024, 09:55 am
-3.77%

ALGN Stock Price

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ALGN RSI Chart

ALGN Valuation

Market Cap

23.6B

Price/Earnings (Trailing)

52.95

Price/Sales (Trailing)

6.1

EV/EBITDA

28.88

Price/Free Cashflow

38.76

ALGN Price/Sales (Trailing)

ALGN Profitability

Operating Margin

70.08%

EBT Margin

16.60%

Return on Equity

12.26%

Return on Assets

7.32%

Free Cashflow Yield

2.58%

ALGN Fundamentals

ALGN Revenue

Revenue (TTM)

3.9B

Rev. Growth (Yr)

6.12%

Rev. Growth (Qtr)

-0.36%

ALGN Earnings

Earnings (TTM)

445.1M

Earnings Growth (Yr)

196.86%

Earnings Growth (Qtr)

2.13%

Breaking Down ALGN Revenue

52 Week Range

273.46413.20
(Low)(High)

Last 7 days

4.5%

Last 30 days

-1.7%

Last 90 days

19.7%

Trailing 12 Months

-10.7%

How does ALGN drawdown profile look like?

ALGN Financial Health

Current Ratio

1.18

ALGN Investor Care

Buy Backs (1Y)

1.97%

Diluted EPS (TTM)

5.81

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20233.7B3.7B3.8B3.9B
20224.0B4.0B3.9B3.7B
20212.8B3.5B3.8B4.0B
20202.4B2.2B2.3B2.5B
20192.1B2.2B2.3B2.4B
20181.6B1.7B1.9B2.0B
20171.2B1.2B1.3B1.5B
2016886.1M946.0M1.0B1.1B
2015779.1M796.0M813.8M845.5M
2014687.3M716.0M741.3M761.7M
2013578.5M596.7M624.8M660.2M
2012510.0M535.5M546.1M560.0M
2011401.9M413.8M443.7M479.7M
2010332.3M364.2M380.8M387.1M
20090306.8M309.5M312.3M
2008000304.0M
Get all data in R, Python etc through our Historical Stock Data APIs
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Tracking the Latest Insider Buys and Sells of Align Technology Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 29, 2024
lacob joseph
sold
-4,548,310
303
-15,000
-
Feb 27, 2024
lacob joseph
sold
-3,130,080
313
-10,000
-
Feb 20, 2024
hogan joseph m
acquired
-
-
19,574
president and ceo
Feb 20, 2024
hogan joseph m
sold (taxes)
-2,719,560
313
-8,674
president and ceo
Feb 20, 2024
wright emory
acquired
-
-
3,533
evp, global operations
Feb 20, 2024
wright emory
sold (taxes)
-550,245
313
-1,755
evp, global operations
Feb 20, 2024
morici john
acquired
-
-
4,450
evp & chief financial officer
Feb 20, 2024
coletti julie ann
acquired
-
-
3,069
evp, chief legal & regulatory
Feb 20, 2024
coletti julie ann
sold (taxes)
-397,870
313
-1,269
evp, chief legal & regulatory
Feb 20, 2024
hockridge stuart a
sold (taxes)
-357,111
313
-1,139
evp global hr

1–10 of 50

Which funds bought or sold ALGN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 23, 2024
FIFTH THIRD BANCORP
reduced
-4.72
336,207
2,732,880
 0.01%
Apr 23, 2024
Louisiana State Employees Retirement System
reduced
-4.65
166,272
1,344,470
 0.03%
Apr 23, 2024
Legacy Trust
added
4.37
983,087
4,930,600
 1.23%
Apr 23, 2024
NEW MEXICO EDUCATIONAL RETIREMENT BOARD
reduced
-5.33
136,000
1,164,000
 0.04%
Apr 23, 2024
WASHINGTON TRUST Co
unchanged
-
19,573
119,035
 -%
Apr 23, 2024
Bell Bank
reduced
-12.66
32,612
753,232
 0.06%
Apr 23, 2024
REGIONS FINANCIAL CORP
reduced
-38.11
-719,229
2,054,750
 0.02%
Apr 23, 2024
Venturi Wealth Management, LLC
reduced
-20.36
-3,593
73,127
 -%
Apr 23, 2024
Livforsakringsbolaget Skandia, Omsesidigt
unchanged
-
5,357
32,757
 -%
Apr 23, 2024
CIGNA INVESTMENTS INC /NEW
reduced
-2.59
37,000
259,000
 0.05%

1–10 of 49

Are Funds Buying or Selling ALGN?

Are funds buying ALGN calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own ALGN
No. of Funds

Unveiling Align Technology Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 07, 2024
blackrock inc.
10.2%
7,697,251
SC 13G/A
Feb 13, 2024
vanguard group inc
10.90%
8,349,611
SC 13G/A
Feb 09, 2024
gund gordon
1.4%
1,055,603
SC 13G/A
Jan 24, 2024
blackrock inc.
9.5%
7,292,096
SC 13G/A
Feb 14, 2023
edgewood management llc
4.4%
3,409,145
SC 13G/A
Feb 09, 2023
vanguard group inc
10.66%
8,329,757
SC 13G/A
Feb 01, 2023
gund gordon
1.4%
1,073,738
SC 13G/A
Jan 31, 2023
blackrock inc.
7.1%
5,555,607
SC 13G/A
Oct 11, 2022
vanguard group inc
10.52%
8,213,345
SC 13G/A
Feb 14, 2022
edgewood management llc
5.6%
4,385,581
SC 13G/A

Recent SEC filings of Align Technology Inc

View All Filings
Date Filed Form Type Document
Apr 24, 2024
8-K
Current Report
Apr 16, 2024
DEFR14A
DEFR14A
Apr 09, 2024
ARS
ARS
Apr 09, 2024
DEF 14A
DEF 14A
Apr 09, 2024
DEFA14A
DEFA14A
Apr 05, 2024
4/A
Insider Trading
Apr 05, 2024
4/A
Insider Trading
Apr 05, 2024
4/A
Insider Trading
Apr 05, 2024
4/A
Insider Trading
Apr 05, 2024
4/A
Insider Trading

Peers (Alternatives to Align Technology Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
ABT
185.5B
40.1B
 -2.82% -2.78%
32.41
4.63
 -8.12% -17.45%
BDX
67.5B
19.5B
 -3.26% -10.41%
53.77
3.46
 4.02% -22.04%
ALGN
23.6B
3.9B
 -1.72% -10.74%
52.95
6.1
 3.42% 23.09%
BAX
20.8B
14.8B
 -2.03% -9.90%
7.83
1.4
 2.12% 209.17%
MID-CAP
HSIC
9.4B
12.3B
 0.44% -12.46%
22.62
0.76
 -2.44% -22.68%
ATR
9.2B
3.5B
 -2.07% 18.57%
32.49
2.65
 4.97% 18.89%
BIO
8.1B
2.7B
 -18.49% -36.41%
-12.74
3.04
 -4.68% 82.43%
XRAY
6.4B
4.0B
 -5.85% -24.53%
-47.67
1.62
 1.10% 85.84%
AXNX
3.4B
366.4M
 -3.04% 14.62%
-560.04
9.28
 33.86% 89.83%
PDCO
2.3B
6.6B
 -3.54% -1.62%
12.12
0.36
 2.78% -0.87%
SMALL-CAP
AHCO
1.3B
3.2B
 -13.37% -14.88%
-1.92
0.41
 7.73% -1066.14%
ANIK
384.6M
166.7M
 3.23% -3.00%
-4.65
2.31
 6.67% -456.34%
ANGO
235.1M
324.0M
 11.39% -31.43%
-1.22
0.73
 -3.19% -337.41%
APYX
52.0M
52.3M
 18.11% -48.10%
-2.78
0.99
 17.61% 19.28%
AEMD
4.0M
3.7M
 -12.07% 240.00%
-0.33
1.07
 5.77% 8.23%

Align Technology Inc News

Latest updates
MarketBeat • 3 hours ago
Handelsbanken Fonder AB Decreases Holdings in Align Technology, Inc. (NASDAQ:ALGN)
Houston Chronicle • 15 hours ago
Align Technology: Q1 Earnings Snapshot
Seeking Alpha • 16 hours ago
Align Technology bullish on 2024 projecting revenue and price increase (NASDAQ:ALGN)
Yahoo Finance • 16 hours ago
Align Technology Inc. (ALGN) Q1 2024 Earnings: Mixed Results Against Analyst Expectations
Yahoo Canada Finance • 16 hours ago
Align Technology (ALGN) Surpasses Q1 Earnings and Revenue Estimates
The Globe and Mail • 16 hours ago
Why Shares of Align Technology Fell Thursday
MarketWatch • 16 hours ago
Align Technology Inc. stock rises Wednesday, outperforms market
Zacks Investment Research • 17 hours ago
Align Technology (ALGN) Surpasses Q1 Earnings and Revenue Estimates
Seeking Alpha • 17 hours ago
Align Technology Non-GAAP EPS of $2.14 beats by $0.16, revenue of $997.4M beats by $23.58M (NASDAQ:ALGN)
MSN • 21 Apr 2024 • 06:17 am
Here's Why You Should Buy Align Technology (ALGN) Stock Now

Align Technology Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-0.4%9579601,0029439028909709731,0311,0161,011895835734352551650607601549534
Cost Of Revenue-3.3%287297289282284271282264287261252218224200128157178170168147151
Gross Profit1.0%670663714661618619688709745755759677610534224394472438432402383
Operating Expenses0.3%498497542527505476499511524494490452397357297324321310256314263
  S&GA Expenses-1.3%403408453440410399426439451428432397348312257283279278268247227
  R&D Expenses-7.4%82.0089.0088.0087.0084.0077.0073.0072.0072.0066.0058.0055.0049.0045.0040.0042.0041.0040.0039.0038.0036.00
EBITDA Margin6.4%0.20*0.19*0.18*0.18*0.19*0.21*0.24*0.26*0.28*0.30*0.30*0.24*---------
Income Taxes20.0%49.0041.0060.0047.0074.0050.0061.0053.0029.0081.0069.0061.0056.0045.00-32.90-1,46435.0026.0043.009.0023.00
Earnings Before Taxes6.6%173162172135115123174187220262269262215185-73.4953.0015612819485.00122
EBT Margin8.3%0.17*0.15*0.15*0.15*0.16*0.18*0.21*0.23*0.26*0.27*0.27*0.21*---------
Net Income2.1%12412111288.0042.0073.00113134191181200200159139-40.601,51812110314772.0097.00
Net Income Margin20.9%0.12*0.10*0.08*0.09*0.10*0.13*0.16*0.18*0.20*0.20*0.20*0.16*---------
Free Cashflow-94.9%13.0026619313692.0019151.00-56.83164231193184---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-3.7%6,0846,3196,1455,9015,9485,9135,8105,9435,9425,6505,3965,0704,8304,4154,0263,9652,5012,3502,3462,2342,052
  Current Assets-9.4%2,4472,7022,4652,3322,4242,5012,3772,4812,4942,4552,2322,1161,8501,4731,1491,5771,6331,5061,4571,4391,302
    Cash Equivalents-24.3%9371,2399528329421,0458789271,1001,2381,0871,132961616405791551491424589638
  Inventory0.2%29729631331233932131027623020717915113912313112111295.0081.0068.0056.00
  Net PPE1.8%1,2911,2681,2791,2631,2321,2001,1821,1411,0821,003961764735704669663632607600575521
  Goodwill3.8%420404415414408378390412419427432428445--34064.00---64.00
Liabilities-2.5%2,4532,5172,5062,4212,3472,2182,2112,2772,3192,1332,0111,6761,5961,3821,1811,1121,1551,045972979800
  Current Liabilities-2.7%2,0672,1232,1072,0051,9261,8091,8041,8641,9241,7901,6971,3941,3261,122942911971870789805692
Shareholder's Equity-4.5%3,6303,8023,6383,4803,6013,6953,5993,6673,6233,5173,3843,3943,2343,0332,8452,8531,3461,3061,3741,2561,253
  Retained Earnings-6.1%2,4472,6072,4852,3742,5672,6752,6022,6802,6192,5272,4592,4162,2162,0571,9171,958440415501402378
  Additional Paid-In Capital-2.6%1,1621,1931,1421,1051,0451,0611,017992999972896948975952918895907892874856878
Shares Outstanding-2.0%75.0077.0077.0077.0077.0078.0079.0079.0079.0079.0079.0079.00---------
Float---13,700---13,300---34,700---14,500---15,900--
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-83.7%47.0028725220014526612730.0027335531822738121160.0010.00218235177117241
  Share Based Compensation-2.0%39.0040.0038.0038.0035.0033.0034.0032.0030.0028.0029.0027.0025.0025.0025.0023.0020.0024.0022.0021.0019.00
Cashflow From Investing-209.5%-13.32-4.30-125-52.83-55.81-85.4318.00-90.20-307-131-1285.00-44.67-14.51-448276-60.1131.00-246-74.4231.00
Cashflow From Financing-3060.2%-35012.00-0.93-258-20011.00-200-111-101-65.00-238-53.43-2.458.00-1.64-34.73-102-194-95.62-92.76-54.28
  Buy Backs-300--292160-20075.00100115160-----10020050.0050.0050.00

ALGN Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]   
Net revenues$ 3,862,260$ 3,734,635$ 3,952,584
Cost of net revenues1,155,3971,100,8601,017,229
Gross profit2,706,8632,633,7752,935,355
Operating expenses:   
Selling, general and administrative1,703,3791,674,4691,708,640
Research and development346,830305,258250,315
Restructuring and other charges13,31611,4530
Total operating expenses2,063,5251,991,1801,958,955
Income from operations643,338642,595976,400
Interest income17,2585,3673,103
Other income (expense), net(19,392)(48,905)32,920
Total interest income and other income (expense), net(2,134)(43,538)36,023
Net income before provision for income taxes641,204599,0571,012,423
Provision for income taxes196,151237,484240,403
Net income$ 445,053$ 361,573$ 772,020
Net income per share:   
Basic (usd per share)$ 5.82$ 4.62$ 9.78
Diluted (usd per share)$ 5.81$ 4.61$ 9.69
Shares used in computing net income per share:   
Basic (shares)76,42678,19078,917
Diluted (shares)76,56878,42079,670

ALGN Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 937,438$ 942,050
Marketable securities, short-term35,30457,534
Accounts receivable, net of allowance for doubtful accounts of $14,893 and $10,343, respectively903,424859,685
Inventories296,902338,752
Prepaid expenses and other current assets273,550226,370
Total current assets2,446,6182,424,391
Marketable securities, long-term8,02241,978
Property, plant and equipment, net1,290,8631,231,855
Operating lease right-of-use assets, net117,999118,880
Goodwill419,530407,551
Intangible assets, net82,11895,720
Deferred tax assets1,590,0451,571,746
Other assets128,68255,826
Total assets6,083,8775,947,947
Current liabilities:  
Accounts payable113,125127,870
Accrued liabilities525,780454,374
Deferred revenues1,427,7061,343,643
Total current liabilities2,066,6111,925,887
Income tax payable116,744124,393
Operating lease liabilities96,968100,334
Other long-term liabilities173,065195,975
Total liabilities2,453,3882,346,589
Commitments and contingencies (Notes 7 and 8)
Stockholders’ equity:  
Preferred stock, $0.0001 par value (5,000 shares authorized; none issued)00
Common stock, $0.0001 par value (200,000 shares authorized; 75,075 and 77,267 issued and outstanding, respectively)78
Additional paid-in capital1,162,1401,044,946
Accumulated other comprehensive income (loss), net21,168(10,284)
Retained earnings2,447,1742,566,688
Total stockholders’ equity3,630,4893,601,358
Total liabilities and stockholders’ equity$ 6,083,877$ 5,947,947

About Align Technology Inc

ALGN
Align Technology, Inc. designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, China, and internationally. It operates in two segments, Clear Aligner; and Imaging Systems and CAD/CAM Services (Systems and Services). The Clear Aligner segment offers comprehensive products, including Invisalign comprehensive package that addresses the orthodontic needs of teenage patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of seven and ten years, which is a mixture of primary/baby and permanent teeth. This segment's non-comprehensive products comprise Invisalign moderate, lite and express packages, and Invisalign go and Invisalign Go Plus; and non-case products that include retention products, Invisalign training, and adjusting tools used by dental professionals during the course of treatment. The Systems and Services segment offers iTero intraoral scanning system, a single hardware platform with software options for restorative or orthodontic procedures; restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons; and software for orthodontists for digital records storage, orthodontic diagnosis, and for the fabrication of printed models and retainers. This segment also provides Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; and TimeLapse technology, which allows doctors or practitioners to compare a patient's historic 3D scans to the present-day scan, as well as subscription software, disposables, rentals, leases, and pay per scan services Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.
 CEO
 WEBSITEaligntech.com
 INDUSTRYMedical Instruments & Supplies
 EMPLOYEES22910

Align Technology Inc Frequently Asked Questions

What is the ticker symbol for Align Technology Inc? What does ALGN stand for in stocks?

ALGN is the stock ticker symbol of Align Technology Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Align Technology Inc (ALGN)?

As of Wed Apr 24 2024, market cap of Align Technology Inc is 23.57 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ALGN stock?

You can check ALGN's fair value in chart for subscribers.

What is the fair value of ALGN stock?

You can check ALGN's fair value in chart for subscribers. The fair value of Align Technology Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Align Technology Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ALGN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Align Technology Inc a good stock to buy?

The fair value guage provides a quick view whether ALGN is over valued or under valued. Whether Align Technology Inc is cheap or expensive depends on the assumptions which impact Align Technology Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ALGN.

What is Align Technology Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, ALGN's PE ratio (Price to Earnings) is 52.95 and Price to Sales (PS) ratio is 6.1. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ALGN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Align Technology Inc's stock?

In the past 10 years, Align Technology Inc has provided 0.202 (multiply by 100 for percentage) rate of return.