Recent insider share sale at around US$300 raises caution. Despite some insider buying, the long-term outlook isn't positive. However, significant insider ownership suggests management's incentives align with shareholders.
Align Technology's falling ROCE trend is concerning. The stock's modest 18% gain over five years may reflect investor caution. Those seeking a multi-bagger might find better opportunities elsewhere.
The company's positive sales forecast, spurred by increased revenue from its Invisalign teeth-alignment system, resulted in a 10.3% surge in after-hours shares. This follows last year's demand concerns due to fewer dental visits and higher prices for essentials. The shutdown of competitor SmileDirectClub last month may have also boosted the optimistic outlook.
Investors are ready to pay more for Align Technology's shares, anticipating future growth. The high P/E ratio reflects positive investor sentiment, while a share price drop seems unlikely in the current circumstances.
Despite Align Technology's stock trading near its fair value, its positive outlook and promising growth forecast might still make it an intriguing prospect. Shareholders should consider the company's financial strength before deciding.
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艾利科技股票討論區
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Gapping up
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