Alphatec Holdings Inc (ATEC) Stock: Evaluating the Market Performance

Moreover, the 36-month beta value for ATEC is 1.39. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for ATEC is 98.59M and currently, short sellers hold a 12.10% of that float. On October 02, 2024, ATEC’s average trading volume was 2.29M shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

ATEC) stock’s latest price update

Alphatec Holdings Inc (NASDAQ: ATEC) has experienced a decline in its stock price by -5.22 compared to its previous closing price of 5.56. However, the company has seen a fall of -5.72% in its stock price over the last five trading days. 247wallst.com reported 2024-08-22 that 24/7 Wall St. Insights With a market rotation underway, where should investors seeking opportunities in health care be looking?

ATEC’s Market Performance

Alphatec Holdings Inc (ATEC) has experienced a -5.72% fall in stock performance for the past week, with a -23.62% drop in the past month, and a -46.77% drop in the past quarter. The volatility ratio for the week is 6.87%, and the volatility levels for the past 30 days are at 7.45% for ATEC. The simple moving average for the past 20 days is -10.61% for ATEC’s stock, with a -54.25% simple moving average for the past 200 days.

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 -22.37% 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 -69.61% of loss for the given period.

Volatility was left at 7.45%, however, over the last 30 days, the volatility rate increased by 6.87%, as shares sank -22.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -51.65% lower at present.

During the last 5 trading sessions, ATEC fell by -5.72%, which changed the moving average for the period of 200-days by -60.67% in comparison to the 20-day moving average, which settled at $5.82. In addition, Alphatec Holdings Inc saw -65.12% 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 35,000 shares at the price of $5.76 back on Aug 23 ’24. After this action, Bakst Evan now owns 50,000 shares of Alphatec Holdings Inc, valued at $201,600 using the latest closing price.

Pelizzon David R, the Director of Alphatec Holdings Inc, purchase 16,978 shares at $5.89 during a trade that took place back on Aug 23 ’24, which means that Pelizzon David R is holding 331,696 shares at $100,000 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 -7.22.

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 2.21. 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 wrap up, the performance of Alphatec Holdings Inc (ATEC) has been bad in recent times. The stock has received a bullish of “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.

Related Posts