Alphatec Holdings Inc (ATEC) Shares Plummet Below 1-Year High

The stock of Alphatec Holdings Inc (NASDAQ: ATEC) has decreased by -3.37 when compared to last closing price of 13.96. Despite this, the company has experienced a -0.88% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-20 that Small cap stocks like those discussed below tend to receive much less attention than their large cap competitors. Shares, which boast a market capitalization between $250 million and $2 billion, remain relatively small.

Is It Worth Investing in Alphatec Holdings Inc (NASDAQ: ATEC) Right Now?

Company’s 36-month beta value is 1.46.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”

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The public float for ATEC is 95.06M, and currently, short sellers hold a 11.59% ratio of that floaft. The average trading volume of ATEC on April 03, 2024 was 1.68M shares.

ATEC’s Market Performance

The stock of Alphatec Holdings Inc (ATEC) has seen a -0.88% decrease in the past week, with a 0.52% rise in the past month, and a -10.72% fall in the past quarter. The volatility ratio for the week is 4.15%, and the volatility levels for the past 30 days are at 4.42% for ATEC. The simple moving average for the last 20 days is 0.28% for ATEC stock, with a simple moving average of -5.63% for the last 200 days.

Analysts’ Opinion of ATEC

Many brokerage firms have already submitted their reports for ATEC stocks, with Wells Fargo repeating the rating for ATEC by listing it as a “Overweight.” The predicted price for ATEC in the upcoming period, according to Wells Fargo is $26 based on the research report published on February 09, 2024 of the current year 2024.

Needham, on the other hand, stated in their research note that they expect to see ATEC reach a price target of $18, previously predicting the price at $16. The rating they have provided for ATEC stocks is “Buy” according to the report published on December 19th, 2023.

ROTH MKM gave a rating of “Buy” to ATEC, setting the target price at $22 in the report published on October 20th of the previous year.

ATEC Trading at -9.07% from the 50-Day Moving Average

After a stumble in the market that brought ATEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.52% of loss for the given period.

Volatility was left at 4.42%, however, over the last 30 days, the volatility rate increased by 4.15%. Over the last 50 days, in opposition, the stock is trading -12.63% lower at present.

During the last 5 trading sessions, ATEC fell by -0.88%, which changed the moving average for the period of 200-days by -17.34% in comparison to the 20-day moving average, which settled at $13.45. In addition, Alphatec Holdings Inc saw -10.72% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ATEC starting from Bakst Evan, who purchase 15,000 shares at the price of $13.53 back on Mar 14 ’24. After this action, Bakst Evan now owns 15,000 shares of Alphatec Holdings Inc, valued at $202,950 using the latest closing price.

Blackford Quentin S., the Director of Alphatec Holdings Inc, purchase 20,000 shares at $12.83 during a trade that took place back on Mar 07 ’24, which means that Blackford Quentin S. is holding 572,605 shares at $256,600 based on the most recent closing price.

Stock Fundamentals for ATEC

Current profitability levels for the company are sitting at:

  • -0.33 for the present operating margin
  • 0.61 for the gross margin

The net margin for Alphatec Holdings Inc stands at -0.39. The total capital return value is set at -0.25. Equity return is now at value -421.26, with -28.31 for asset returns.

Based on Alphatec Holdings Inc (ATEC), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 5.09. The interest coverage ratio of the stock is -9.63.

Currently, EBITDA for the company is -88.59 million with net debt to EBITDA at -3.37. When we switch over and look at the enterprise to sales, we see a ratio of 4.52. The receivables turnover for the company is 6.64for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.86.

Conclusion

In a nutshell, Alphatec Holdings Inc (ATEC) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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