With 0.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.27 million shares. The 52-week range on ALGN shows that it touched its highest point at $271.59 and its lowest point at $141.74 during that stretch. It currently has a 1-year price target of $232.23. Beta for the stock currently stands at 1.64.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALGN was down-trending over the past week, with a drop of -7.56%, but this was down by -2.61% over a month. Three-month performance dropped to -9.36% while six-month performance fell -24.92%. The stock lost -35.46% in the past year, while it has lost -17.22% so far this year. A look at the trailing 12-month EPS for ALGN yields 5.50 with Next year EPS estimates of 11.27. For the next quarter, that number is 2.57. This implies an EPS growth rate of 10.35% for this year and 9.49% for next year. EPS is expected to grow by 10.13% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.33%.
Float and Shares Shorts:
At present, 73.06 million ALGN shares are outstanding with a float of 67.89 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALGN since 13 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $9.37223 being high and $9.2721 being low. For ALGN, this leads to a yearly average estimate of $9.33218.
