Alphatec Holdings Inc [NASDAQ: ATEC] closed the trading session at $4.98.
The stocks have a year to date performance of -67.04 percent and weekly performance of -4.60 percent. The stock has been moved at -63.86 percent over the last six months. The stock has performed -8.62 percent around the most recent 30 days and changed -55.73 percent over the most recent 3-months.
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If compared to the average trading volume of 2.32M shares, ATEC reached to a volume of 3127581 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $17.46 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 1.25. 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.
Morgan Stanley have made an estimate for Alphatec Holdings Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on August 01, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on July 08, 2024, representing the official price target for Alphatec Holdings Inc stock. Previously, the target price had yet another raise to $26, while Wells Fargo analysts kept a Overweight rating on ATEC stock. On December 19, 2023, analysts increased their price target for ATEC shares from 16 to 18.
The Average True Range (ATR) for Alphatec Holdings Inc is set at 0.37, with the Price to Sales ratio for ATEC stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 41.62, with the Price to Cash per share for the same quarter was set at 0.71.
ATEC stock trade performance evaluation
Alphatec Holdings Inc [ATEC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.60. With this latest performance, ATEC shares dropped by -8.62% in over the last four-week period, additionally sinking by -63.86% over the last 6 months – not to mention a drop of -58.05% 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 31.02, with the RSI for the last a single of trading hit 27.14, and the three-weeks RSI is set at 32.70 for Alphatec Holdings Inc [ATEC]. The present Moving Average for the last 50 days of trading for this stock 5.94, while it was recorded at 5.33 for the last single week of trading, and 11.17 for the last 200 days.
Alphatec Holdings Inc [ATEC]: An insightful look at the core fundamentals
Alphatec Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.21 and a Current Ratio set at 2.22.
Earnings per share (EPS) analysis for Alphatec Holdings Inc [ATEC] stock
With the latest financial reports released by the company, Alphatec Holdings Inc posted -0.35/share EPS, while the average EPS was predicted by analysts to be reported at -0.28/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.07. 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%.
Alphatec Holdings Inc [ATEC]: Institutional Ownership
There are presently around $67.01%, or 91.71%% of ATEC stock, in the hands of institutional investors. The top three institutional holders of ATEC stocks are: BLACKROCK INC. with ownership of 8.29 million shares, which is approximately 5.882%. VANGUARD GROUP INC, holding 5.76 million shares of the stock with an approximate value of $$60.15 million in ATEC stocks shares; and VANGUARD GROUP INC, currently with $$55.68 million in ATEC stock with ownership which is approximately 3.7792%.
