A Look Into Align Tech Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Align Tech Inc.'s stock price dropped 1.88% to $328.11 in the current market session, but increased 14.97% over the past month and 31.15% over the past year. The company's P/E ratio of 81.66 is higher than the Health Care Equipment & Supplies industry average of 53.47, suggesting potential overvaluation.

June 23, 2023 | 6:31 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Align Tech's stock price dropped 1.88% to $328.11, but has increased 14.97% over the past month and 31.15% over the past year. Its P/E ratio of 81.66 is higher than the industry average, suggesting potential overvaluation.
Align Tech's P/E ratio is higher than the industry average, which could indicate overvaluation. However, the stock has shown strong growth over the past month and year. The P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100