In the last trading session, 1.61 million shares of the Alphatec Holdings Inc (NASDAQ:ATEC) were traded, and its beta was 1.32. Most recently the company’s share price was $8.52, and it changed around $0.29 or 3.52% from the last close, which brings the market valuation of the company to $1.14B. ATEC currently trades at a discount to its 52-week high of $17.34, offering almost -103.52% off that amount. The share price’s 52-week low was $4.88, which indicates that the current value has risen by an impressive 42.72% since then. We note from Alphatec Holdings Inc’s average daily trading volume that its 10-day average is 2.37 million shares, with the 3-month average coming to 2.37 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 12 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 1 recommended ATEC as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Alphatec Holdings Inc is expected to report earnings per share of -0.07 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 3.52% 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 9.86 on recent trading dayincreased the stock’s daily price by 13.59%. The company’s shares are currently down -43.61% year-to-date, but still down -12.16% over the last five days. On the other hand, Alphatec Holdings Inc (NASDAQ:ATEC) is 50.26% up in the 30-day period. We can see from the shorts that 11.81 million shares have been sold at a short interest cover period of 4.71 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 55.16% 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 -22.76 percent over the past six months and at a 29.87% annual growth rate that is well above the industry average of 15.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 35.10% in revenue this quarter, and will report an increase of 37.91% in the next quarter. The year-over-year growth rate is expected to be 25.48%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 170.36M in revenue for the current quarter. 3 analysts expect Alphatec Holdings Inc to make 168.61M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 137.97M and 138.48M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.48%. Forecasts for the next quarter put sales growth at 21.76%.
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 15.60% 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 December.
Alphatec Holdings Inc (NASDAQ:ATEC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 25.55% of Alphatec Holdings Inc shares, and 58.47% of them are in the hands of institutional investors. The stock currently has a share float of 78.53%. Alphatec Holdings Inc stock is held by 295.0 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.
