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Stock Charts AI Power Rank: 0.7
Power Rank trend -> Falling
07/26/2024 16:00:00 EST
Align Technology Inc (ALGN)
Industry: Medical Devices
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, ALGN has been trading in a range between $256.30 and $238.64 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Align Technology Inc $ALGN entered a Red zone 3 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $270.38, a potential upside of 22.65% from the recent price of 220.45. The stock is trading 74.6% (potential upside) below its 52 week high of $384.90 and 25.01 % (potential downside) above its 52 week low of $176.34 - based on the recent price.
Company Summary
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, and internationally. The company's Clear Aligner segment offers comprehensive products, including Invisalign comprehensive package that addresses the orthodontic needs of younger 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 six and ten years, which is a mixture of primary/baby and permanent teeth.
News
| Align Technology EPS Rises in Q2 2024 Non-GAAP EPS rose 8.6% year over year to $2.41 per share. Total revenue was $1,028.5 million, an increase of 2.6%. Source: The Motley Fool Thu, 25 Jul 2024 19:00:41 -0400 Sentiment: Neutral |
| Align Technology (ALGN) Beats on Q2 Earnings, Lowers '24 Sales View Align Technology's (ALGN) records second-quarter 2024 revenue growth across all regions. This was mostly due to a robust performance by the Imaging Systems & CAD/CAM Services business segment. Source: Zacks Investment Research Thu, 25 Jul 2024 10:25:45 -0400 Sentiment: Positive |
| Align Technology, Inc. (ALGN) Q2 2024 Earnings Call Transcript Align Technology, Inc. (NASDAQ:ALGN ) Q2 2024 Earnings Conference Call July 24, 2024 4:30 PM ET Company Participants Shirley Stacy - Vice President of Corporate Communications & Investor Relations Joe Hogan - President & Chief Executive Officer John Morici - Chief Financial Officer Conference Call Participants Michael Cherny - Leerink Partners Elizabeth Anderson - Evercore ISI Jonathan Block - Stifel, Nicolaus & Company Jeff Johnson - Baird Brandon Vazquez - William Blair Jason Bednar - Piper Sandler Michael Ryskin - Bank of America Erin Wright - Morgan Stanley Operator Greetings. Welcome to the Align Technology Second Quarter 2024 Earnings Call. Source: Seeking Alpha Wed, 24 Jul 2024 22:30:26 -0400 Sentiment: Neutral |
| Align Technology (ALGN) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates The headline numbers for Align Technology (ALGN) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. Source: Zacks Investment Research Wed, 24 Jul 2024 18:30:42 -0400 Sentiment: Positive |
| Align Technology (ALGN) Q2 Earnings Top Estimates Align Technology (ALGN) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $2.22 per share a year ago. Source: Zacks Investment Research Wed, 24 Jul 2024 18:15:29 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 384.9 52 Week Low: 176.34 Beta: 1.659 50 Day MA: 251.8664 200 Day MA: 266.7242 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.123 Qtr Revenue Growth YOY: 0.026 Forward PE: 36.4964 Trailing PE: 38.3136