Alphatec Holdings Inc (NASDAQ:ATEC) shares, rose in value, with the stock price down by -3.03% to the previous day’s close as strong demand from buyers drove the stock to $11.09.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.44. Referring to stock’s 52-week performance, its high was $14.88, and the low was $4.88. On the whole, ATEC has fluctuated by -8.62% over the past month.
With the market capitalization of Alphatec Holdings Inc currently standing at about $1.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 732.25M, with a low estimate of 166.2M and a high estimate of 168.25M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 167.57M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ATEC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ATEC currently trading nearly -0.74% and 2.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.59, while the 7-day volatility ratio is showing 11.44% which for the 30-day chart, stands at 5.97%. Furthermore, Alphatec Holdings Inc (ATEC)’s beta value is 1.16, and its average true range (ATR) is 0.74.
A comparison of Alphatec Holdings Inc (ATEC) with its peers suggests the former has fared considerably weaker in the market. ATEC showed an intraday change of -3.03% in today’s session so far, and over the past year, it shrunk by -17.76%%.
Data on historical trading for Alphatec Holdings Inc (NASDAQ:ATEC) indicates that the trading volumes over the past 3 months, they’ve averaged 1.85 million. According to company’s latest data on outstanding shares, there are 144.13 million shares outstanding.
Nearly 29.20% of Alphatec Holdings Inc’s shares belong to company insiders and institutional investors own 58.92% of the company’s shares. The stock has risen by 20.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ATEC stock heading into the next quarter.
