Alphatec Holdings Inc [NASDAQ: ATEC] slipped around -0.29 points on Wednesday, while shares priced at $11.44 at the close of the session, down -2.47%.
Compared to the average trading volume of 1.67M shares, ATEC reached a trading volume of 12808143 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $18.04 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 0.73, with the Price to Sales ratio for ATEC stock in the period of the last 12 months amounting to 2.70.
How has ATEC stock performed recently?
Alphatec Holdings Inc [ATEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.44. With this latest performance, ATEC shares dropped by -0.17% in over the last four-week period, additionally plugging by 65.80% over the last 6 months – not to mention a drop of -14.75% 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 52.58, with the RSI for the last a single of trading hit 50.92, and the three-weeks RSI is set at 53.83 for Alphatec Holdings Inc [ATEC]. The present Moving Average for the last 50 days of trading for this stock 10.76, while it was recorded at 12.02 for the last single week of trading, and 8.89 for the last 200 days.
Alphatec Holdings Inc [ATEC]: Deeper insight into the fundamentals
Alphatec Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.58 and a Current Ratio set at 2.73.
Insider trade positions for Alphatec Holdings Inc [ATEC]
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 3.734%.
