In the latest trading session, 0.46 million Alphatec Holdings Inc (NASDAQ:ATEC) shares changed hands as the company’s beta touched 1.36. With the company’s most recent per share price at $9.51 changed hands at -$0.19 or -2.01% at last look, the market valuation stands at $1.35B. ATEC’s current price is a discount, trading about -82.33% off its 52-week high of $17.34. The share price had its 52-week low at $4.88, which suggests the last value was 48.69% up since then. When we look at Alphatec Holdings Inc’s average trading volume, we note the 10-day average is 4.18 million shares, with the 3-month average coming to 2.36 million.
Analysts gave the Alphatec Holdings Inc (ATEC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ATEC as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
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Alphatec Holdings Inc (NASDAQ:ATEC) trade information
Instantly ATEC was in red as seen in intraday trades today. With action 10.78%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -37.09%, with the 5-day performance at 10.78% in the green. However, in the 30-day time frame, Alphatec Holdings Inc (NASDAQ:ATEC) is 78.67% up. Looking at the short shares, we see there were 12.04 million shares sold at short interest cover period of 6.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19, meaning bulls need an upside of 49.95% from its recent market value. According to analyst projections, ATEC’s forecast low is 8 with 23 as the target high. To hit the forecast high, the stock’s price needs a -141.85% plunge from its current level, while the stock would need to tank 15.88% 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 better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -12.56% over the past 6 months, a 29.87% in annual growth rate that is considerably higher than the industry average of 15.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -5.07%. The 2024 estimates are for Alphatec Holdings Inc earnings to increase by 16.32%, but the outlook for the next 5-year period is at 12.00% per year.
ATEC Dividends
Alphatec Holdings Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
Alphatec Holdings Inc (NASDAQ:ATEC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 26.68% of Alphatec Holdings Inc shares while 64.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.42%. There are 64.83% institutions holding the Alphatec Holdings Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.882% of the shares, roughly 8.29 million ATEC shares worth $86.66 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.0829% or 5.76 million shares worth $60.15 million as of 2024-06-30.
