Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With ALGN Stock Today?
Align Technology, Inc. (ALGN) stock is lower by -1.49% while the S&P 500 is higher by 0.41% as of 2:58 PM on Thursday, Mar 21. ALGN is down -$4.91 from the previous closing price of $329.14 on volume of 220,035 shares. Over the past year the S&P 500 has risen 31.05% while ALGN is down -1.04%. ALGN earned $5.81 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 55.86.
To see InvestorsObserver's Sentiment Score for Align Technology, Inc. click here.
More About Align Technology, Inc.
Align is the leading manufacturer of clear dental aligners globally, having pioneered the technology with the introduction of its Invisalign branded aligners in 1998. Since then, Invisalign has become a household name, having treated over 10 million patients with malocclusion (misaligned teeth) through orthodontist and dentist-guided treatment plans. The company maintains dominant market share of clear aligners, despite the introduction of direct-to-consumer competitors upon the expiration of key patents that began in 2017. Align also manufactures intraoral scanners (iTero), used for orthodontic treatment and restorative dental procedures (digital models for crowns, veneers, and implants).
Click Here to get the full Stock Report for Align Technology, Inc. stock.
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