During the recent session, Alphatec Holdings Inc (NASDAQ:ATEC)’s traded shares were 0.41 million, with the beta value of the company hitting 1.38. At the last check today, the stock’s price was $5.03, reflecting an intraday gain of 0.90% or $0.05. The 52-week high for the ATEC share is $17.34, that puts it down -244.73 from that peak though still a striking 2.98% gain since the share price plummeted to a 52-week low of $4.88. The company’s market capitalization is $705.81M, and the average intraday trading volume over the past 10 days was 1.7 million shares, and the average trade volume was 2.35 million shares over the past three months.
Alphatec Holdings Inc (ATEC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.25. ATEC has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.25.
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Alphatec Holdings Inc (NASDAQ:ATEC) trade information
Alphatec Holdings Inc (ATEC) registered a 0.90% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.90% in intraday trading to $5.03, hitting a weekly high. The stock’s 5-day price performance is -8.47%, and it has moved by -8.30% in 30 days. Based on these gigs, the overall price performance for the year is -56.30%. The short interest in Alphatec Holdings Inc (NASDAQ:ATEC) is 12.46 million shares and it means that shorts have 6.69 day(s) to cover.
The consensus price target of analysts on Wall Street is $19, which implies an increase of 73.53% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $23 respectively. As a result, ATEC is trading at a discount of -357.26% off the target high and -59.05% off the low.
Alphatec Holdings Inc (ATEC) estimates and forecasts
Statistics show that Alphatec Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Alphatec Holdings Inc (ATEC) shares have gone down -62.22% during the last six months, with a year-to-date growth rate more than the industry average at 29.87% against 13.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 28.60% this quarter and then jump 48.60% in the quarter after that. In the rating firms’ projections, revenue will increase 24.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 147.22M as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 170.75M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 118.26M and 137.97M respectively. In this case, analysts expect current quarter sales to grow by 24.50% and then jump by 23.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -5.07%. While earnings are projected to return 18.32% in 2024, the next five years will return 12.00% per annum.
ATEC Dividends
Alphatec Holdings Inc is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Alphatec Holdings Inc (NASDAQ:ATEC)’s Major holders
Alphatec Holdings Inc insiders own 26.93% of total outstanding shares while institutional holders control 66.79%, with the float percentage being 91.41%. BLACKROCK INC. is the largest shareholder of the company, while 294.0 institutions own stock in it. As of 2024-06-30, the company held over 8.29 million shares (or 5.882% of all shares), a total value of $86.66 million in shares.
The next largest institutional holding, with 5.76 million shares, is of VANGUARD GROUP INC’s that is approximately 4.0829% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $60.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of Alphatec Holdings Inc (ATEC) shares are Vanguard Total Stock Market Index Fund and American Century Small Cap Growth Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.04 shares. This amounts to just over 2.17 percent of the company’s overall shares, with a $15.49 million market value. The same data shows that the other fund manager holds slightly less at 2.89, or about 2.06% of the stock, which is worth about $14.7 million.
