Alphatec Holdings Inc (NASDAQ: ATEC)’s stock price has decreased by -4.65 compared to its previous closing price of 5.38. However, the company has seen a -10.78% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-10-07 that CARLSBAD, Calif.–(BUSINESS WIRE)–Alphatec Holdings, Inc. (Nasdaq: ATEC), a provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, announced today that it will report third quarter 2024 financial results on October 30, 2024, after the market close. The Company will host a live webcast that day at 1:30 p.m. PT / 4:30 p.m. ET. Webcast To access the live webcast, please visit the Investor Relations Section of ATEC’s Corporate Website. Dial-in To dial into the.
Is It Worth Investing in Alphatec Holdings Inc (NASDAQ: ATEC) Right Now?
The 36-month beta value for ATEC is at 1.37. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ATEC is 98.59M, and currently, shorts hold a 12.64% of that float. The average trading volume for ATEC on October 24, 2024 was 2.45M shares.
ATEC’s Market Performance
ATEC stock saw a decrease of -10.78% in the past week, with a monthly decline of -8.23% and a quarterly a decrease of -52.81%. The volatility ratio for the week is 5.17%, and the volatility levels for the last 30 days are 5.83% for Alphatec Holdings Inc (ATEC). The simple moving average for the last 20 days is -4.80% for ATEC stock, with a simple moving average of -52.25% for the last 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 -11.25% 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 -70.41% of loss for the given period.
Volatility was left at 5.83%, however, over the last 30 days, the volatility rate increased by 5.17%, as shares sank -7.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.93% lower at present.
During the last 5 trading sessions, ATEC fell by -10.78%, which changed the moving average for the period of 200-days by -65.78% in comparison to the 20-day moving average, which settled at $5.39. In addition, Alphatec Holdings Inc saw -66.05% 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 2.18. 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
In conclusion, Alphatec Holdings Inc (ATEC) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
