Look For Institutional Buying In Alphatec Holdings Inc (NASDAQ: ATEC)

Alphatec Holdings Inc (ATEC) concluded trading on Thursday at a closing price of $7.85, with 16.53 million shares of worth about $129.76 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -40.58% during that period and on October 31, 2024 the price saw a gain of about 39.68%. Currently the company’s common shares owned by public are about 139.25M shares, out of which, 98.59M shares are available for trading.

Stock saw a price change of 50.10% in past 5 days and over the past one month there was a price change of 49.52%. Year-to-date (YTD), ATEC shares are showing a performance of -48.05% which decreased to -14.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.88 but also hit the highest price of $17.34 during that period. The average intraday trading volume for Alphatec Holdings Inc shares is 2.47 million. The stock is currently trading 42.65% above its 20-day simple moving average (SMA20), while that difference is up 36.57% for SMA50 and it goes to -25.01% 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 66.02% of that.

The stock has a current market capitalization of $1.10B and its 3Y-monthly beta is at 1.37. It has posted earnings per share of -$1.34 in the same period. It has Quick Ratio of 1.21 while making debt-to-equity ratio of 13.65. 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 9.25% while standing at 6.33% over the month.

Stock’s fiscal year EPS is expected to rise by 18.56% while it is estimated to increase by 73.22% 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.

Coverage by Barclays stated Alphatec Holdings Inc (ATEC) stock as an Overweight in their note to investors on July 08, 2024, suggesting a price target of $19 for the stock. On February 09, 2024, Wells Fargo Initiated their recommendations, while on December 19, 2023, Needham Reiterated their ratings for the stock with a price target of $18. Stock get a Buy rating from ROTH MKM on October 20, 2023.

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