Alphatec Holdings Inc (ATEC) concluded trading on Wednesday at a closing price of $9.85, with 0.46 million shares of worth about $4.52 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -33.67% during that period and on July 03, 2024 the price saw a loss of about -0.51%. Currently the company’s common shares owned by public are about 139.25M shares, out of which, 98.19M shares are available for trading.
Stock saw a price change of -5.38% in past 5 days and over the past one month there was a price change of 3.68%. Year-to-date (YTD), ATEC shares are showing a performance of -34.81% which decreased to -44.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.66 but also hit the highest price of $19.14 during that period. The average intraday trading volume for Alphatec Holdings Inc shares is 1.58 million. The stock is currently trading -3.96% below its 20-day simple moving average (SMA20), while that difference is down -10.80% for SMA50 and it goes to -22.86% lower than SMA200.
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Alphatec Holdings Inc (NASDAQ: ATEC) currently have 139.25M outstanding shares and institutions hold larger chunk of about 65.79% of that.
The stock has a current market capitalization of $1.38B and its 3Y-monthly beta is at 1.40. It has posted earnings per share of -$1.49 in the same period. It has Quick Ratio of 1.49 while making debt-to-equity ratio of 8.84. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ATEC, volatility over the week remained 3.87% while standing at 4.34% over the month.
Stock’s fiscal year EPS is expected to rise by 17.20% while it is estimated to increase by 52.93% in next year. EPS is likely to grow at an annualized rate of 12.00% for next 5-years, compared to annual growth of -5.07% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on February 09, 2024 offering an Overweight rating for the stock and assigned a target price of $26 to it. Coverage by Needham stated Alphatec Holdings Inc (ATEC) stock as a Buy in their note to investors on December 19, 2023, suggesting a price target of $18 for the stock. On October 20, 2023, ROTH MKM Initiated their recommendations, while on October 12, 2022, Jefferies Initiated their ratings for the stock with a price target of $12. Stock get an Overweight rating from Morgan Stanley on September 12, 2022.
