In the last trading session, 2.32 million Alphatec Holdings Inc (NASDAQ:ATEC) shares changed hands as the company’s beta touched 1.39. With the company’s per share price at $11.12 changed hands at $0.24 or 2.21% during last session, the market valuation stood at $1.58B. ATEC’s last price was a discount, traded about -55.94% 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 56.12% up since then. When we look at Alphatec Holdings Inc’s average trading volume, we note the 10-day average is 1.63 million shares, with the 3-month average coming to 2.00 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. Alphatec Holdings Inc’s EPS for the current quarter is expected to be -0.07.
Alphatec Holdings Inc (NASDAQ:ATEC) trade information
Instantly ATEC was in green as seen at the end of in last trading. With action 18.68%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 21.13%, with the 5-day performance at 18.68% in the green. However, in the 30-day time frame, Alphatec Holdings Inc (NASDAQ:ATEC) is 14.76% up. Looking at the short shares, we see there were 10.76 million shares sold at short interest cover period of 8.46 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 38.22% from its current market value. According to analyst projections, ATEC’s forecast low is 8 with 19 as the target high. To hit the forecast high, the stock’s price needs a -70.86% plunge from its current level, while the stock would need to tank 28.06% 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 -2.63% over the past 6 months, a 29.87% in annual growth rate that is considerably higher than the industry average of 14.90%. Year-over-year growth is forecast to reach 25.81% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 172.11M. 3 analysts are of the opinion that Alphatec Holdings Inc’s revenue for the current quarter will be 167.64M. The company’s revenue for the corresponding quarters a year ago was 137.97M and 138.48M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 24.75%. The estimates for the next quarter sales put growth at 21.06%.
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 2025 estimates are for Alphatec Holdings Inc earnings to increase by 15.12%.
ATEC Dividends
Alphatec Holdings Inc is expected to release its next quarterly earnings report in February.
Alphatec Holdings Inc (NASDAQ:ATEC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 25.58% of Alphatec Holdings Inc shares while 57.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.73%. There are 57.85% 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.
Among Mutual Funds, the top two as of Oct 31, 2024 were American Century Small Cap Growth Fund and Vanguard Total Stock Market Index Fund . With 3.2 shares estimated at $35.62 million under it, the former controlled 2.26% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.15% of the shares, roughly 3.04 shares worth around $33.83 million.
