In the last trading session, 1.66 million shares of the Alphatec Holdings Inc (NASDAQ:ATEC) were traded, and its beta was 1.38. Most recently the company’s share price was $5.49, and it changed around $0.27 or 5.17% from the last close, which brings the market valuation of the company to $771.13M. ATEC currently trades at a discount to its 52-week high of $17.34, offering almost -215.85% off that amount. The share price’s 52-week low was $4.97, which indicates that the current value has risen by an impressive 9.47% since then. We note from Alphatec Holdings Inc’s average daily trading volume that its 10-day average is 1.68 million shares, with the 3-month average coming to 2.32 million.
Alphatec Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.25. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended ATEC as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Alphatec Holdings Inc is expected to report earnings per share of -0.25 for the current quarter.
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Alphatec Holdings Inc (NASDAQ:ATEC) trade information
Instantly ATEC has showed a green trend with a performance of 5.17% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.71 on recent trading dayincreased the stock’s daily price by 3.85%. The company’s shares are currently down -63.67% year-to-date, but still down -1.26% over the last five days. On the other hand, Alphatec Holdings Inc (NASDAQ:ATEC) is -17.44% down in the 30-day period. We can see from the shorts that 11.93 million shares have been sold at a short interest cover period of 5.05 day(s).
The consensus price target as assigned by Wall Street analysts is $19, which translates to bulls needing to increase their stock price by 71.11% from its current value. Analyst projections state that ATEC is forecast to be at a low of $8 and a high of $23.
Alphatec Holdings Inc (ATEC) estimates and forecasts
Alphatec Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -60.22 percent over the past six months and at a 29.87% annual growth rate that is well above the industry average of 13.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 28.60% in revenue this quarter, and will report an increase of 48.60% in the next quarter. The year-over-year growth rate is expected to be 24.80%, up from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 147.22M in revenue for the current quarter. 10 analysts expect Alphatec Holdings Inc to make 170.75M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 118.26M and 137.97M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 24.50%. Forecasts for the next quarter put sales growth at 23.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -5.07%. Alphatec Holdings Inc earnings are expected to increase by 18.32% in 2024, but the outlook is positive 12.00% per year for the next five years.
ATEC Dividends
Alphatec Holdings Inc’s next quarterly earnings report is expected to be released in November.
Alphatec Holdings Inc (NASDAQ:ATEC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 26.93% of Alphatec Holdings Inc shares, and 67.11% of them are in the hands of institutional investors. The stock currently has a share float of 91.83%. Alphatec Holdings Inc stock is held by 298.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 5.882% of the shares, which is about 8.29 million shares worth $86.66 million.
VANGUARD GROUP INC, with 4.0829% or 5.76 million shares worth $60.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
