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ALGN Stock Summary and Trading Ideas (Align Technology | NASDAQ:ALGN)

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2-Jun-2023

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30-Day Implied Volatility | IV30 Full Chart

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Align Technology (ALGN) Frequently Asked Questions

What does Align Technology do?

Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the FDA in 1998 and it has since dominated the clear aligner space, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients' teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans and iTero scans make up over half of these scans.

What symbol and exchange does Align Technology stock trade?

Align Technology trades on the NASDAQ stock market under the symbol ALGN.

What is Align Technology stock price doing today?

As of June 2, 2023, ALGN stock price climbed to $302.00 with 653,572 million shares trading.

What is Align Technology's Beta?

ALGN has a beta of 1.53, meaning it tends to be more sensitive to market movements. ALGN has a correlation of 0.38 to the broad based SPY ETF.

How much is Align Technology worth?

ALGN has a market cap of $23.14 billion. This is considered a Large Cap stock.

How much money does Align Technology make?

Last quarter Align Technology reported $943 million in Revenue and $1.82 earnings per share. This beat revenue expectation by $40 million and exceeded earnings estimates by $.14.

What is the highest and lowest price Align Technology traded in the last 3 year period?

In the last 3 years, ALGN stock traded as high as $737.45 and as low as $172.05.

What are the top ETFs holding Align Technology?

The top ETF exchange traded funds that ALGN belongs to (by Net Assets): VTI, VO, VOO, QQQ, SPY.

Is Align Technology (ALGN) a good investment?

ALGN has outperformed the market in the last year with a price return of +13.9% while the SPY ETF gained +6.1%. However, in the short term, ALGN had mixed performance relative to the market. It has underperformed in the last 3 months, returning -2.1% vs +8.8% return in SPY. But in the last 2 weeks, ALGN shares have fared better than the market returning +2.9% compared to SPY +2.1%.

What is the support and resistance for Align Technology (ALGN) stock price?

ALGN support price is $290.25 and resistance is $304.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALGN stock will trade within this expected range on the day.