Nasdaq, Inc.: Bear of the Day: Align Technology (ALGN)
From Nasdaq, Inc.:
Align Technology, Inc. (ALGN) is currently in the bottom 7% of over 250 Zacks industries. Despite having favorable long-term prospects, its stock has a Zacks Rank #5 (Strong Sell) and is considered the Bear of the Day. Its stock performance has been strong, but its earnings estimates have declined, making it overvalued based on its forward earnings multiple and price-to-sales ratio. The article suggests investors may want to avoid the recent rally in Align Technology’s stock and wait for better investment opportunities to present themselves.
Original: Bear of the Day: Align Technology (ALGN)