Align Technology Inc (NASDAQ: ALGN) has reported earnings for its third fiscal quarter (ending September 30) of $1.55 versus $1.59 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $5.87 versus $4.73 for the same period a year ago.
Recent Price Action
Align Technology Inc (NASDAQ: ALGN) stock declined modestly by -1.5% on 10/23/24. The stock closed at $207.66. Moreover, exceptionally high trading volume at 201% of normal accompanied the decline. The stock has declined -5.2% during the last week and has been weak relative to the market over the last nine months.
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 F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Align Technology has a slightly negative Appreciation Score of 30 and a poor Power Rating of 17, producing the Lowest Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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