The stock of Alphatec Holdings Inc (ATEC) has seen a -7.09% decrease in the past week, with a -47.20% drop in the past month, and a -45.87% decrease in the past quarter. The volatility ratio for the week is 6.11%, and the volatility levels for the past 30 days are at 7.31% for ATEC. The simple moving average for the past 20 days is -33.48% for ATEC’s stock, with a -51.34% simple moving average for the past 200 days.
Is It Worth Investing in Alphatec Holdings Inc (NASDAQ: ATEC) Right Now?
ATEC has 36-month beta value of 1.52. Analysts have mixed views 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 98.20M, and currently, short sellers hold a 13.11% ratio of that float. The average trading volume of ATEC on August 14, 2024 was 1.93M shares.
ATEC) stock’s latest price update
The stock price of Alphatec Holdings Inc (NASDAQ: ATEC) has plunged by -3.05 when compared to previous closing price of 6.22, but the company has seen a -7.09% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-31 that Alphatec Holdings, Inc. (NASDAQ:ATEC ) Q2 2024 Results Conference Call July 31, 2024 4:30 PM ET Company Participants Patrick Miles – Chairman and CEO Todd Koning – CFO Conference Call Participants Vik Chopra – Wells Fargo Eric Anderson – TD Cowen Matt Blackman – Stifel Drew Ranieri – Morgan Stanley Aaron Wukmir – Lake Street Capital Markets David Saxon – Needham & Co. Jason Wittes – ROTH Sean Lee – H.C. Wainwright Operator Good afternoon, everyone, and welcome to the webcast of ATEC’s Second Quarter Financial Results.
Analysts’ Opinion of ATEC
Barclays, on the other hand, stated in their research note that they expect to see ATEC reach a price target of $19. The rating they have provided for ATEC stocks is “Overweight” according to the report published on July 08th, 2024.
Wells Fargo gave a rating of “Overweight” to ATEC, setting the target price at $26 in the report published on February 09th of the current year.
ATEC Trading at -38.70% 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 -65.22% of loss for the given period.
Volatility was left at 7.31%, however, over the last 30 days, the volatility rate increased by 6.11%, as shares sank -49.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.90% lower at present.
During the last 5 trading sessions, ATEC fell by -7.09%, which changed the moving average for the period of 200-days by -40.30% in comparison to the 20-day moving average, which settled at $8.77. In addition, Alphatec Holdings Inc saw -60.09% 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 Demski David M, who purchase 40,000 shares at the price of $6.56 back on Aug 02 ’24. After this action, Demski David M now owns 238,441 shares of Alphatec Holdings Inc, valued at $262,400 using the latest closing price.
Valentine Keith, the Director of Alphatec Holdings Inc, purchase 39,000 shares at $6.55 during a trade that took place back on Aug 02 ’24, which means that Valentine Keith is holding 82,140 shares at $255,450 based on the most recent closing price.
Stock Fundamentals for ATEC
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.59 for the gross margin
The net margin for Alphatec Holdings Inc stands at -0.33. The total capital return value is set at -0.24. Equity return is now at value -1000.48, with -25.90 for asset returns.
Based on Alphatec Holdings Inc (ATEC), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at -0.18. The debt to equity ratio resting at 12.92. The interest coverage ratio of the stock is -17.23.
Currently, EBITDA for the company is -88.59 million with net debt to EBITDA at -6.61. When we switch over and look at the enterprise to sales, we see a ratio of 2.41. The receivables turnover for the company is 6.43for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.
Conclusion
To put it simply, Alphatec Holdings Inc (ATEC) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
