Alphatec Holdings Inc (NASDAQ: ATEC)’s stock price has plunge by -2.06relation to previous closing price of 10.21. Nevertheless, the company has seen a 3.95% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-30 that Alphatec Holdings, Inc. (NASDAQ:ATEC ) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants Pat Miles – Chairman and CEO Todd Koning – CFO Conference Call Participants Brooks O’Neil – Lake Street Capital Markets Mathew Blackman – Stifel Matt Miksic – Barclays Matthew O’Brien – Piper Sandler Caitlin Cronin – Cannacord David Saxon – Needham Sean Lee – H.C. Wainwright Drew Ranieri – Morgan Stanley Operator Good afternoon, everyone.
Is It Worth Investing in Alphatec Holdings Inc (NASDAQ: ATEC) Right Now?
Moreover, the 36-month beta value for ATEC is 1.39. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ATEC is 99.29M and currently, short sellers hold a 10.67% of that float. On December 04, 2024, ATEC’s average trading volume was 2.16M shares.
ATEC’s Market Performance
The stock of Alphatec Holdings Inc (ATEC) has seen a 3.95% increase in the past week, with a 23.30% rise in the past month, and a 48.15% gain in the past quarter. The volatility ratio for the week is 4.63%, and the volatility levels for the past 30 days are at 6.04% for ATEC. The simple moving average for the last 20 days is 5.31% for ATEC stock, with a simple moving average of 2.84% 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 38.92% 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 -42.33% of loss for the given period.
Volatility was left at 6.04%, however, over the last 30 days, the volatility rate increased by 4.63%, as shares surge +19.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +79.86% upper at present.
During the last 5 trading sessions, ATEC rose by +3.95%, which changed the moving average for the period of 200-days by -35.57% in comparison to the 20-day moving average, which settled at $9.50. In addition, Alphatec Holdings Inc saw -33.82% 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 Miles Patrick, who sale 50,000 shares at the price of $10.09 back on Nov 21 ’24. After this action, Miles Patrick now owns 5,508,402 shares of Alphatec Holdings Inc, valued at $504,500 using the latest closing price.
Miles Patrick, the CEO of Alphatec Holdings Inc, sale 50,000 shares at $10.03 during a trade that took place back on Nov 20 ’24, which means that Miles Patrick is holding 5,558,402 shares at $501,500 based on the most recent closing price.
Stock Fundamentals for ATEC
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.6 for the gross margin
The net margin for Alphatec Holdings Inc stands at -0.31. The total capital return value is set at -0.23. Equity return is now at value -21137.14, with -25.12 for asset returns.
Based on Alphatec Holdings Inc (ATEC), the company’s capital structure generated 1.0 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 -392.59. The interest coverage ratio of the stock is -6.19.
Currently, EBITDA for the company is -110.59 million with net debt to EBITDA at -6.24. When we switch over and look at the enterprise to sales, we see a ratio of 3.32. The receivables turnover for the company is 7.3for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.32.
Conclusion
To wrap up, the performance of Alphatec Holdings Inc (ATEC) has been mixed 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.
