In the last trading session, 1.06 million Alphatec Holdings Inc. (NASDAQ:ATEC) shares changed hands as the company’s beta touched 1.76. With the company’s per share price at $13.95 changed hands at -$0.09 or -0.64% during last session, the market valuation stood at $1.44B. ATEC’s last price was a discount, traded about -38.78% off its 52-week high of $19.36. The share price had its 52-week low at $5.88, which suggests the last value was 57.85% up since then. When we look at Alphatec Holdings Inc.’s average trading volume, we note the 10-day average is 1.06 million shares, with the 3-month average coming to 881.89K.
Analysts gave the Alphatec Holdings Inc. (ATEC) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.70. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ATEC as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Alphatec Holdings Inc.’s EPS for the current quarter is expected to be -$0.24.
Alphatec Holdings Inc. (NASDAQ:ATEC) trade information
Instantly ATEC was in red as seen at the end of in last trading. With action -5.04%, the performance over the past five days has been red. The drop to weekly highs of 14.69 on Tuesday, 09/14/21 subtracted -0.64% to the stock’s daily price. The company’s shares are showing year-to-date downside of -3.93%, with the 5-day performance at -5.04% in the red. However, in the 30-day time frame, Alphatec Holdings Inc. (NASDAQ:ATEC) is 7.97% up. Looking at the short shares, we see there were 2.04 million shares sold at short interest cover period of 2.56 days.
The consensus price target for the stock as assigned by Wall Street analysts is $21.81, meaning bulls need an upside of 36.04% from its current market value. According to analyst projections, ATEC’s forecast low is $18.00 with $26.00 as the target high. To hit the forecast high, the stock’s price needs a -86.38% plunge from its current level, while the stock would need to soar -29.03% for it to hit the projected low.
Alphatec Holdings Inc. (ATEC) estimates and forecasts
Data shows that the Alphatec Holdings Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -19.64% over the past 6 months, a -82.26% in annual growth rate that is considerably lower than the industry average of 17.40%. Year-over-year growth is forecast to reach 64.40% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $63.38 million. 8 analysts are of the opinion that Alphatec Holdings Inc.’s revenue for the quarter ending Dec 2021 will be $68.43 million. The company’s revenue for the corresponding quarters a year ago was $41.16 million and $43.95 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 54.00%. The estimates for the next quarter sales put growth at 55.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 43.60%. The 2021 estimates are for Alphatec Holdings Inc. earnings to decrease by -8.20%, but the outlook for the next 5-year period is at 12.00% per year.
Alphatec Holdings Inc. is expected to release its next quarterly earnings report on May 06.
Alphatec Holdings Inc. (NASDAQ:ATEC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 30.49% of Alphatec Holdings Inc. shares while 48.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 70.31%. There are 48.87% institutions holding the Alphatec Holdings Inc. stock share, with Blackrock Inc. the top institutional holder. As of Dec 30, 2020, the company held 4.04% of the shares, roughly 3.92 million ATEC shares worth $56.94 million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 2.88% or 2.79 million shares worth $40.55 million as of Dec 30, 2020.
Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 1.61 million shares estimated at $23.42 million under it, the former controlled 1.66% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.39% of the shares, roughly 1.35 million shares worth around $21.28 million.