ROTH MKM slashes price target on Alphatec Holdings Inc [ATEC] – find out why.

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Alphatec Holdings Inc [NASDAQ: ATEC] gained 5.24% on the last trading session, reaching $10.85 price per share at the time. The company report on November 6, 2023 at 4:05 PM that ATEC Reports Third Quarter 2023 Financial Results and Raises Full Year 2023 Adjusted EBITDA Guidance.

Total revenue grew 32% to $118 million.

Surgical revenue grew 32% to $104 million and EOS revenue grew 30% to $14 million.

Alphatec Holdings Inc represents 106.64 million in outstanding shares, while the company has a total market value of $1.46 billion with the latest information. ATEC stock price has been found in the range of $10.66 to $11.39.

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If compared to the average trading volume of 1.69M shares, ATEC reached a trading volume of 4444798 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Alphatec Holdings Inc [ATEC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATEC shares is $22.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATEC stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

ROTH MKM have made an estimate for Alphatec Holdings Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 20, 2023.

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The Average True Range (ATR) for Alphatec Holdings Inc is set at 0.75, with the Price to Sales ratio for ATEC stock in the period of the last 12 months amounting to 3.46.

Trading performance analysis for ATEC stock

Alphatec Holdings Inc [ATEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.19. With this latest performance, ATEC shares dropped by -3.90% in over the last four-week period, additionally sinking by -28.90% over the last 6 months – not to mention a rise of 17.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATEC stock in for the last two-week period is set at 47.48, with the RSI for the last a single of trading hit 53.08, and the three-weeks RSI is set at 44.59 for Alphatec Holdings Inc [ATEC]. The present Moving Average for the last 50 days of trading for this stock 12.46, while it was recorded at 10.17 for the last single week of trading, and 14.75 for the last 200 days.

Alphatec Holdings Inc [ATEC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Alphatec Holdings Inc [ATEC] shares currently have an operating margin of -34.52 and a Gross Margin at +54.69. Alphatec Holdings Inc’s Net Margin is presently recorded at -43.36.

Return on Total Capital for ATEC is now -28.79, given the latest momentum, and Return on Invested Capital for the company is -37.25. Return on Equity for this stock declined to -338.43, with Return on Assets sitting at -28.03. Additionally, ATEC Total Debt to Total Capital is recorded at 103.43, with Total Debt to Total Assets ending up at 77.11.

Reflecting on the efficiency of the workforce at the company, Alphatec Holdings Inc [ATEC] managed to generate an average of -$215,814 per employee. Receivables Turnover for the company is 6.88 with a Total Asset Turnover recorded at a value of 0.65.Alphatec Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.16.

Alphatec Holdings Inc [ATEC]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATEC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alphatec Holdings Inc go to 12.00%.

An analysis of Institutional ownership at Alphatec Holdings Inc [ATEC]

The top three institutional holders of ATEC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in ATEC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in ATEC stock with ownership which is approximately 5.7994%.

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