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Tempe, Arizona-based Align Technology, Inc. (ALGN) designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists. With a market cap of $17.1 billion, Align’s operations span over 90 countries and the company has served over 18 million customers worldwide.
The MedTech major has underperformed the broader market over the past year. ALGN stock has plunged 16.2% in 2024 and gained around 6% over the past year, lagging behind the S&P 500 Index’s ($SPX) surge of 25.8% on a YTD basis and 31.8% over the past 52 weeks.