Alphatec Holdings Inc (NASDAQ:ATEC) has a beta value of 1.37 and has seen 1.7 million shares traded in the last trading session. The company, currently valued at $744.44M, closed the last trade at $5.30 per share which meant it lost -$0.02 on the day or -0.38% during that session. The ATEC stock price is -227.17% off its 52-week high price of $17.34 and 7.92% above the 52-week low of $4.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.04 million shares traded. The 3-month trading volume is 2.41 million shares.
The consensus among analysts is that Alphatec Holdings Inc (ATEC) is Buy stock at the moment, with a recommendation rating of 1.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.25.
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Alphatec Holdings Inc (NASDAQ:ATEC) trade information
Sporting -0.38% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ATEC stock price touched $5.30 or saw a rise of 2.75%. Year-to-date, Alphatec Holdings Inc shares have moved -64.92%, while the 5-day performance has seen it change -1.49%. Over the past 30 days, the shares of Alphatec Holdings Inc (NASDAQ:ATEC) have changed -10.32%. Short interest in the company has seen 12.46 million shares shorted with days to cover at 6.69.
Wall Street analysts have a consensus price target for the stock at $19, which means that the shares’ value could jump 72.11% from current levels. The projected low price target is $8.0 while the price target rests at a high of $23.0. In that case, then, we find that the current price level is -333.96% off the targeted high while a plunge would see the stock gain -50.94% from current levels.
Alphatec Holdings Inc (ATEC) estimates and forecasts
Figures show that Alphatec Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -59.82% over the past 6 months, with this year growth rate of 29.87%, compared to 13.70% for the industry. Revenue growth from the last financial year stood is estimated to be 24.80%.
10 analysts offering their estimates for the company have set an average revenue estimate of 147.22M for the current quarter. 10 have an estimated revenue figure of 170.75M for the next ending quarter. Year-ago sales stood 118.26M and 137.97M respectively for this quarter and the next, and analysts expect sales will grow by 24.50% for the current quarter and 24.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -5.07% over the past 5 years. Earnings growth for 2024 is a modest 18.32% while over the next 5 years, the company’s earnings are expected to increase by 12.00%.
ATEC Dividends
Alphatec Holdings Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Alphatec Holdings Inc (NASDAQ:ATEC)’s Major holders
Insiders own 26.93% of the company shares, while shares held by institutions stand at 66.81% with a share float percentage of 91.43%. Investors are also buoyed by the number of investors in a company, with Alphatec Holdings Inc having a total of 293.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 8.29 million shares worth more than $86.66 million. As of 2024-06-30, BLACKROCK INC. held 5.882% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 5.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $60.15 million and represent 4.0829% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and American Century Small Cap Growth Fund . As of Jun 30, 2024 , the former fund manager holds about 2.17% shares in the company for having 3.04 shares of worth $16.12 million while later fund manager owns 2.89 shares of worth $15.3 million as of Jul 31, 2024 , which makes it owner of about 2.06% of company’s outstanding stock.
