Shares of Align Technology (NASDAQ: ALGN), the world's leading manufacturer of clear tooth aligners, jumped on Thursday, Feb. 2, after the company reported earnings results from the fourth quarter of 2022. Investors responding to better-than-expected results drove the stock 27% higher in a single trading session.

Align Technology's shareholders have been all smiles lately. The stock is up more than 70% in 2023.

Of course, past performance doesn't guarantee future results. Let's look at why this stock is soaring to see whether it can keep climbing for investors who buy in at recent prices.

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Source Fool.com