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Align Technology, Inc (ALGN) is a leading medical devices business with stocks listed in the US. It opened the day at US$611.51 after a previous close of US$611.54. During the day the price has varied from a low of USD598.11 to a high of USD611.81. The latest price was USD604.71 (25 minute delay). Align Technology is listed on the NASDAQ. All prices are listed in US Dollars.
How to buy shares in Align Technology
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Align Technology. Find the share by name or ticker symbol: ALGN. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Align Technology reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$582.35, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Align Technology, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Align Technology. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Align Technology key stats
- Compare share trading platforms
- Is Align Technology stock a buy or sell?
- Align Technology performance over time
- Can I short Align Technology shares?
- Are Align Technology shares over-valued?
- Align Technology's financials
- How volatile are Align Technology shares?
- Does Align Technology pay a dividend?
- Other common questions
Align Technology share priceUse our graph to track the performance of ALGN stocks over time.
Align Technology shares at a glance
|52-week range||US$251.11 - US$647.2|
|50-day moving average||US$585.9603|
|200-day moving average||US$560.4569|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||US$5.763|
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Is it a good time to buy Align Technology stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Align Technology price performance over time
|1 week (2021-06-16)||0.85%|
|1 month (2021-05-21)||2.19%|
|3 months (2021-03-23)||16.54%|
|6 months (2020-12-23)||15.18%|
|1 year (2020-06-23)||126.14%|
|2 years (2019-06-21)||113.26%|
|3 years (2018-06-22)||71.18%|
|5 years (2016-06-23)||639.07%|
Is Align Technology under- or over-valued?
Valuing Align Technology stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Align Technology's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Align Technology's P/E ratio
Align Technology's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 106x. In other words, Align Technology shares trade at around 106x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Align Technology's PEG ratio
Align Technology's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.7789. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Align Technology's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Align Technology's EBITDA
Align Technology's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$641.1 million.
The EBITDA is a measure of a Align Technology's overall financial performance and is widely used to measure a its profitability.
Align Technology financials
|Revenue TTM||US$2.8 billion|
|Operating margin TTM||19.27%|
|Gross profit TTM||US$1.8 billion|
|Return on assets TTM||7.51%|
|Return on equity TTM||14.67%|
|Market capitalisation||US$48.3 billion|
TTM: trailing 12 months
Shorting Align Technology shares
There are currently 2.1 million Align Technology shares held short by investors – that's known as Align Technology's "short interest". This figure is 9.5% up from 2.0 million last month.
There are a few different ways that this level of interest in shorting Align Technology shares can be evaluated.
Align Technology's "short interest ratio" (SIR)
Align Technology's "short interest ratio" (SIR) is the quantity of Align Technology shares currently shorted divided by the average quantity of Align Technology shares traded daily (recently around 631936.57817109). Align Technology's SIR currently stands at 3.39. In other words for every 100,000 Align Technology shares traded daily on the market, roughly 3390 shares are currently held short.
However Align Technology's short interest can also be evaluated against the total number of Align Technology shares, or, against the total number of tradable Align Technology shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Align Technology's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Align Technology shares in existence, roughly 30 shares are currently held short) or 0.0294% of the tradable shares (for every 100,000 tradable Align Technology shares, roughly 29 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Align Technology.
Find out more about how you can short Align Technology stock.
Align Technology share dividends
We're not expecting Align Technology to pay a dividend over the next 12 months.
Align Technology share price volatility
Over the last 12 months, Align Technology's shares have ranged in value from as little as US$251.11 up to US$647.2. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Align Technology's is 1.6886. This would suggest that Align Technology's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Align Technology overview
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. It operates in two segments, Clear Aligner; and Scanners and Services. The Clear Aligner segment consists of comprehensive products, including Invisalign comprehensive treatment that addresses the orthodontic needs of teenage patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of seven and ten years, which is a mixture of primary/baby and permanent teeth. This segment's non-comprehensive products comprise Invisalign moderate, lite and express packages, and Invisalign go; and non-case products include retention products, Invisalign training fees, and sales of ancillary products, such as cleaning material, and adjusting tools used by dental professionals during the course of treatment. The Scanners and Services segment offers iTero scanner, a single hardware platform with software options for restorative or orthodontic procedures; restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons; and software for orthodontists for digital records storage, orthodontic diagnosis, and for the fabrication of printed models and retainers. This segment also provides computer-aided design and computer-aided manufacturing services; ancillary products, such as disposable sleeves for the wand; iTero model and dies; third party scanners and digital scans; Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; and TimeLapse technology, which allows doctors or practitioners to compare a patient's historic 3D scans to the present-day scan. The company sells its products in the United States, Switze
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