Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Align Technology Inc (NASDAQ: ALGN) weakened during the last several trading days. ALGN’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Align Technology Inc (NASDAQ: ALGN) stock closed at $223.96 on 7/29/24 after an increase of 1.6%. Moreover, this advance was accompanied by above average trading volume at 131% of normal. The stock has performed in line with the market over the last nine months and has declined -11.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ALGN is expected to continue to be a major Value Builder.
Align Technology has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Align Technology has a poor Appreciation Score of 28 but a neutral Power Rating of 52, resulting in the Negative Value Trend Rating.
Be the first to comment