In the last trading session, 1.93 million Alphatec Holdings Inc (NASDAQ:ATEC) shares changed hands as the company’s beta touched 1.39. With the company’s per share price at $11.37 changed hands at $0.37 or 3.36% during last session, the market valuation stood at $1.55B. ATEC’s last price was a discount, traded about -68.34% off its 52-week high of $19.14. The share price had its 52-week low at $8.66, which suggests the last value was 23.83% up since then. When we look at Alphatec Holdings Inc’s average trading volume, we note the 10-day average is 2.48 million shares, with the 3-month average coming to 1.88 million.
Analysts gave the Alphatec Holdings Inc (ATEC) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 10 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, 10 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 -$0.25.
Alphatec Holdings Inc (NASDAQ:ATEC) trade information
Instantly ATEC was in green as seen at the end of in last trading. With action 14.39%, the performance over the past five days has been green. The jump to weekly highs of 11.65 on Monday, 11/20/23 added 3.36% to the stock’s daily price. The company’s shares are showing year-to-date downside of -7.94%, with the 5-day performance at 14.39% in the green. However, in the 30-day time frame, Alphatec Holdings Inc (NASDAQ:ATEC) is -7.18% down. Looking at the short shares, we see there were 11.59 million shares sold at short interest cover period of 4.46 days.
The consensus price target for the stock as assigned by Wall Street analysts is $21.65, meaning bulls need an upside of 47.48% from its current market value. According to analyst projections, ATEC’s forecast low is $16.00 with $32.00 as the target high. To hit the forecast high, the stock’s price needs a -181.44% plunge from its current level, while the stock would need to soar -40.72% 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 -27.12% over the past 6 months, a 2.04% in annual growth rate that is considerably lower than the industry average of 10.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Alphatec Holdings Inc will rise 24.20%, while the growth in revenue is estimated to hit 40.00% for the next quarter. Year-over-year growth is forecast to reach 34.40% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $128.19 million. 6 analysts are of the opinion that Alphatec Holdings Inc’s revenue for the quarter ending Mar 2024 will be $128.45 million. The company’s revenue for the corresponding quarters a year ago was $105.94 million and $109.11 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.00%. The estimates for the next quarter sales put growth at 17.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -52.34%. The 2023 estimates are for Alphatec Holdings Inc earnings to increase by 32.72%, 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 November 06.
Alphatec Holdings Inc (NASDAQ:ATEC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 40.47% of Alphatec Holdings Inc shares while 52.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.54%. There are 52.71% institutions holding the Alphatec Holdings Inc stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 4.61% of the shares, roughly 5.55 million ATEC shares worth $99.83 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 3.77% or 4.54 million shares worth $81.54 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Alger Small Cap Focus Fund. With 2.59 million shares estimated at $46.5 million under it, the former controlled 2.15% of total outstanding shares. On the other hand, Alger Small Cap Focus Fund held about 1.73% of the shares, roughly 2.08 million shares worth around $36.73 million.