How to Buy Align Technology Stock
Align Technology Inc
Align Technology, Inc. , a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry.
Align Technology stock last closed at $310.50, down 1.05% from the previous day, and has decreased 11.67% in one year. It has overperformed other stocks in the Medical Devices industry by 0.05 percentage points. Align Technology stock is currently +76.08% from its 52-week low of $176.34, and -24.85% from its 52-week high of $413.20.
There are currently 75.1M ALGN shares outstanding. The market capitalization of ALGN is $23.32B. In the past 24 hours, 1.65M ALGN shares were traded.
How to Buy Align Technology Stock
Not sure how to invest in Align Technology stock? Here's how.
- Choose where to buy Align Technology stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Align Technology stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your payment method and add your info.
- Evaluate Align Technology stock: The Align Technology ticker symbol is ALGN. Is Align Technology stock a good investment? Should you buy shares of ALGN? How do ALGN's underlying business fundamentals look? Do top analysts think Align Technology is a good buy? Why has ALGN's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if ALGN is a good stock to buy).
- Make your ALGN purchase: Decide if you will purchase ALGN shares at the current market price or use a limit order to buy ALGN shares at a specific price.
- Keep an eye on your ALGN investment: Create a watchlist to important notifications about your investment in Align Technology shares.
Step 1: Choose where to buy Align Technology stock
You need an online brokerage account in order to access the NASDAQ market and buy ALGN stock.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, you need to fill out some personal details so you are able to invest in ALGN stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've opened your account on app for stock, you can securely and quickly fund your account:
Watch the video below to see the process of depositing funds into your new brokerage account.
Step 4: Evaluate Align Technology stock
After you have decided on the best place to buy Align Technology stock, it's critical to analyze their stock prior to investing, so you truly comprehend the risk and opportunity.
Align Technology Numbers
Align Technology Zen Score
WallStreetZen was created to help everyday investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on ALGN's stock page.
Is ALGN stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge ALGN's fair value.
Using relative valuations methods:
- ALGN may be overvalued based on its P/E ratio of 53.35x, relative to Medical Devices industry P/E ratio of 29.73x
- ALGN may be overvalued based on its P/B ratio of 6.42x, relative to Medical Devices industry P/B ratio of 3.71x
- ALGN could be overvalued based on its PEG ratio of 1.04x
You can access more valuation analysis on ALGN's stock here.
A look at ALGN Cashflows and Balance Sheet
Pros:
- ALGN profit margin has gone up from 9.7% to 11.5% in the past year.
- ALGN's operating cash flow of $785.78M allows it to safely service it's debt of $96.97M.
- There are more short-term assets than short-term liabilities on the ALGN balance sheet.
- ALGN earnings of $641.20M is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the ALGN balance sheet.
Cons:
- Total ALGN debt is higher than 5 years ago, relative to shareholder equity.
- ALGN has a relatively high debt to equity ratio of 0.68.
Is ALGN stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 7 Wall Street analysts who give recommendations on ALGN, the consensus analyst rating on Align Technology is a Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent ALGN Analyst Recommendations
Michael Cherny, a bottom 14% analyst from Leerink Partners initiates coverage on ALGN with a hold rating and announces their ALGN price target of $310.00, on Feb 26, 2024.
Nathan Race, a top 17% analyst from Goldman Sachs maintains ALGN with a strong sell rating and raises their ALGN price target from $197.00 to $225.00, on Feb 2, 2024.
You can dive deeper into what analysts are forecasting on the Align Technology stock forecast page.
ALGN Momentum
How are ALGN Revenues/Earnings doing?
Last year, ALGN earnings were $445.05M. During the past five year, ALGN's earnings have grown by 3.08% per year. This was slower than the Medical Devices industry average of 8.75%.
Last year, ALGN revenue was $3.86B. During the last five year, ALGN's revenue has grown by 14.45% per year. This was faster than the Medical Devices industry average of 13.33%.
Dive into ALGN's earnings and revenue performance here.
What are ALGN executives and large shareholders up to?
In the past year, insiders at ALGN have sold more shares than they have bought.
Joseph Lacob, Director of ALGN, was the latest ALGN insider to sell. They sold $243,805.60 worth of ALGN shares on Feb 29, 2024.
Dig into more about who owns ALGN stock here.
Does ALGN provide a stable income stream?
No, Align Technology doesn't provide an income stream by paying out dividends.
What do other traders have to say about ALGN?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your ALGN purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price limit, use a limit order.
Click the Open Trade button and eToro will place the order.
If you need more assistance buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your ALGN investment
Now that you own some ALGN stock, you'll want to stay up-to-date on your new investment.
Start a watchlist to keep track of your ALGN stock.
ALGN Feed
How to Buy Stock in Align Technology
To summarize, here are the 6 steps you need to take to buy Align Technology stock right now:
- Choose where to buy Align Technology stock
- Create a brokerage account
- Deposit money your investment account
- Evaluate Align Technology stock
- Make your ALGN purchase
- Keep an eye on your ALGN investment
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Align Technology, click the button below.
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