Align Technology Inc. has seen fluctuations in its stock recently. Despite trading 1.2% higher since its last earnings report,
short interest in the company has grown, causing some shareholders to decrease their stake in the company, including BNP Paribas Asset Management Holding S.A., Raymond James & Associates, and ARK Investment Management LLC. Despite these drawbacks,
Davisdon Investment Advisors have purchased more shares, and
Allspring Global investments Holdings LLC have lowered their stake. With a proposed
$27.5M settlement to solve issues with SmileDirectClub and implementing a
$150M repurchase program, Align is trying to make decisive moves. Despite a forecasted revenue drop, earnings have been growing and expectations for growth remain positive. The Q2 earnings report presented a
low ASP and FX headwinds yet beat estimates. The company is enthusiastic about
international growth and is expanding its global presence. The announcement of Emory Wright’s appointment as EVP Of Direct Fabrication Manufacturing Platform hints possible production boost, while his retirement in
2026 is still under speculation. Align does face pressure from the market due to decrease in guidance, yet the stock remains robust due to the quality of earnings.
Align Technology ALGN News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 01 Sep 2024 13:01:48 GMT -
Rating 4
- Innovation 8
- Information 7
- Rumor -3
