Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Align Technology, Inc. before investing.

In this article, we go over a few key elements for understanding Align Technology, Inc.’s stock price such as:

• Align Technology, Inc.’s current stock price and volume
• Why Align Technology, Inc.’s stock price changed recently
• Upgrades and downgrades for ALGN from analysts
• ALGN’s stock price momentum as measured by its relative strength

About Align Technology, Inc. (ALGN)

Before we jump into Align Technology, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Align Technology, Inc. is a global medical device company that designs, manufactures, and sells the Invisalign system of clear aligners, iTero intraoral scanners, and exocad computer-aided design and computer-aided manufacturing (CAD/CAM) software for digital orthodontics and restorative dentistry. The Company provides Align Digital Platform. Its segments include Clear Aligner, and Imaging Systems and CAD/CAM Services (Systems and Services). The Clear Aligner segment consists of comprehensive products, non-comprehensive products and non-case products. Its comprehensive products include Invisalign Comprehensive and Invisalign First. The Company's non-case products include retention products, Invisalign training and adjusting tools. It offers up to four sets of custom clear aligners called Vivera retainers. The Systems and Services segment consists of its iTero intraoral scanning systems. Its services include subscription software, disposables, rentals, leases and pay per scan services.

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Align Technology, Inc.’s Stock Price as of Market Close

As of August 02, 2024, 4:00 PM, CST, Align Technology, Inc.’s stock price was $213.49.

Align Technology, Inc. is down 6.5% from its previous closing price of $228.33.

During the last market session, Align Technology, Inc.’s stock traded between $226.27 and $233.50. Currently, there are 75.18 million shares of Align Technology, Inc. stock available for purchase.

Align Technology, Inc.’s price-earnings (P/E) ratio is currently at 38.7, which is low compared to the Medical Equipment, Supplies & Distribution industry median of 39.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Align Technology, Inc. Stock Price History

Align Technology, Inc.’s (ALGN) price is currently down 7.93% so far this month.

During the month of August, Align Technology, Inc.’s stock price has reached a high of $233.50 and a low of $209.18.

Over the last year, Align Technology, Inc. has hit prices as high as $375.68 and as low as $176.34. Year to date, Align Technology, Inc.’s stock is up 1.23%.

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What Caused Align Technology, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 01, 2024, there were 8 analysts who downgraded Align Technology, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Align Technology, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Align Technology, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Align Technology, Inc.’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Align Technology, Inc. (ALGN) by visiting AAII Stock Evaluator.

Relative Price Strength of Align Technology, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 01, 2024, Align Technology, Inc. has a weighted four-quarter relative price strength of -13.94%, which translates to a Momentum Score of 24 and is considered to be Weak.

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Align Technology, Inc. Stock Price: Bottom Line

As of August 2, 2024, Align Technology, Inc.’s stock price is $213.49, which is down 6.5% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Align Technology, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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