Alphatec Holdings Inc (NASDAQ:ATEC) price on Wednesday, October 23, fall -4.65% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.13.
A look at the stock’s price movement, the close in the last trading session was $5.38, moving within a range at $5.08 and $5.36. The beta value (5-Year monthly) was 1.39. Turning to its 52-week performance, $17.34 and $4.88 were the 52-week high and 52-week low respectively. Overall, ATEC moved -8.23% over the past month.
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Alphatec Holdings Inc’s market cap currently stands at around $720.56 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 147.22M for the company’s revenue for the quarter, with a low and high estimate of 145.7M and 148.4M respectively. The average forecast suggests up to a 24.50% 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 602.09M, representing a 24.80% 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 100% 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.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend ATEC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ATEC’s current price about -4.80% and -11.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.07, while 7-day volatility ratio is 5.17% and 5.83% in the 30-day chart. Further, Alphatec Holdings Inc (ATEC) has a beta value of 1.37, and an average true range (ATR) of 0.34. Analysts have given the company’s stock an average 52-week price target of $19, forecast between a low of $8 and high of $23. Looking at the price targets, the low is -55.95% off current price level while to achieve the yearly target high, price needs to move -348.34%. Nonetheless, investors will most likely welcome a -270.37% jump to $19 which is the analysts’ median price.
If we refocus on Alphatec Holdings Inc (NASDAQ:ATEC), historical trading data shows that trading volumes averaged 2.1 over the past 10 days and 2.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 139.25 million shares.
The 29.81% of Alphatec Holdings Inc’s shares are in the hands of company insiders while institutional holders own 66.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.46 million on 2024-09-30, giving us a short ratio of 6.69. The data shows that as of 2024-09-30 short interest in Alphatec Holdings Inc (ATEC) stood at 1099.0 of shares outstanding, with shares short rising to 11.64 million registered in 2024-08-30. Current price change has pushed the stock -66.05% 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.
