Trade-Ideas LLC identified

Align Technology

(

ALGN

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Align Technology as such a stock due to the following factors:

  • ALGN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $46.6 million.
  • ALGN has traded 35,466 shares today.
  • ALGN is trading at a new lifetime high.

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More details on ALGN:

Align Technology, Inc. ALGN has a PE ratio of 47. Currently there are 9 analysts that rate Align Technology a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Align Technology has been 681,000 shares per day over the past 30 days. Align Technology has a market cap of $6.9 billion and is part of the health care sector and health services industry. The stock has a beta of 1.25 and a short float of 4.7% with 6.68 days to cover. Shares are up 29.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Align Technology as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 5.7%. Since the same quarter one year prior, revenues rose by 20.5%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • ALGN has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 2.64, which clearly demonstrates the ability to cover short-term cash needs.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 26.94% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, ALGN should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • ALIGN TECHNOLOGY INC has improved earnings per share by 13.6% in the most recent quarter compared to the same quarter a year ago. Stable earnings per share over the past year indicate the company has sound management over its earnings and share float. We anticipate these figures will begin to experience more growth in the coming year. During the past fiscal year, ALIGN TECHNOLOGY INC's EPS of $1.77 remained unchanged from the prior years' EPS of $1.77. This year, the market expects an improvement in earnings ($2.15 versus $1.77).
  • The gross profit margin for ALIGN TECHNOLOGY INC is currently very high, coming in at 77.67%. Regardless of ALGN's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, ALGN's net profit margin of 16.98% compares favorably to the industry average.

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