Alphatec Holdings Inc (NASDAQ:ATEC) price on Thursday, August 01, fall -26.88% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.39.
A look at the stock’s price movement, the level at last check in today’s session was $10.10. Turning to its 52-week performance, $18.32 and $8.66 were the 52-week high and 52-week low respectively. Overall, ATEC moved -25.40% over the past month.
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Alphatec Holdings Inc’s market cap currently stands at around $1.03 billion.
Analysts have a consensus estimate of 147.65M for the company’s revenue for the quarter, with a low and high estimate of 145.3M and 148.52M respectively. The average forecast suggests up to a 24.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 601.61M, representing a 24.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ATEC is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
ATEC’s current price about -31.81% and -29.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 21.14, while 7-day volatility ratio is 6.90% and 4.71% in the 30-day chart. Further, Alphatec Holdings Inc (ATEC) has a beta value of 1.40, and an average true range (ATR) of 0.73.
If we refocus on Alphatec Holdings Inc (NASDAQ:ATEC), historical trading data shows that trading volumes averaged 1.60 million over the past 3 months. The company’s latest data on shares outstanding shows there are 139.25 million shares.
The 29.80% of Alphatec Holdings Inc’s shares are in the hands of company insiders while institutional holders own 66.18% of the company’s shares. Current price change has pushed the stock -51.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ATEC stock continues to rise going into the next quarter.
