During the last session, Alphatec Holdings Inc (NASDAQ:ATEC)’s traded shares were 0.77 million, with the beta value of the company hitting 1.40. At the end of the trading day, the stock’s price was $9.62, reflecting an intraday loss of -0.82% or -$0.08. The 52-week high for the ATEC share is $17.34, that puts it down -80.25 from that peak though still a striking 49.27% gain since the share price plummeted to a 52-week low of $4.88. The company’s market capitalization is $1.36B, and the average intraday trading volume over the past 10 days was 1.39 million shares, and the average trade volume was 2.09 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 -0.07.
Alphatec Holdings Inc (NASDAQ:ATEC) trade information
Alphatec Holdings Inc (ATEC) registered a -0.82% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.82% in intraday trading to $9.62, hitting a weekly high. The stock’s 5-day price performance is -0.05%, and it has moved by 5.37% in 30 days. Based on these gigs, the overall price performance for the year is -28.21%. The short interest in Alphatec Holdings Inc (NASDAQ:ATEC) is 11.42 million shares and it means that shorts have 4.13 day(s) to cover.
The consensus price target of analysts on Wall Street is $19, which implies an increase of 49.37% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $19 respectively. As a result, ATEC is trading at a discount of -97.51% off the target high and 16.84% 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 -9.76% during the last six months, with a year-to-date growth rate more than the industry average at 29.87% against 16.70. In the rating firms’ projections, revenue will increase 25.48% 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 170.35M as predicted by 10 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 168.58M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 137.97M and 138.48M respectively. In this case, analysts expect current quarter sales to grow by 23.47% and then jump by 21.74% 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 15.60% 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 in January. 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 25.47% of total outstanding shares while institutional holders control 57.93%, with the float percentage being 77.73%. BLACKROCK INC. is the largest shareholder of the company, while 296.0 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.
