At the last check on Monday, Alphatec Holdings Inc.’s (NASDAQ:ATEC) stock was down -$0.95, moving down -5.63 percent to $15.93. The average number of shares traded per day over the past five days has been 1,809,580 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.56 fall in that time frame. In the last twenty days, the average volume was 1,305,810, while in the previous 50 days, it was 1,291,088.
Since last month, ATEC stock retreated -7.38%. Shares of the company fell to $15.60 on 08/04/23, the lowest level in the past month. A 52-week high of $19.14 was reached on 07/17/23 after having rallying from a 52-week low of $7.11. Since the beginning of this year, ATEC’s stock price has risen by 28.99% or $3.58, and marked a new high 25 times. However, the stock has declined by -16.77% since its 52-week high.
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ATEC stock investors should be aware that Alphatec Holdings Inc. (ATEC) stock had its last reported insider trading activity 38 days ago on Jun 28. Hunsaker Craig E, the EVP, PEOPLE/CULTURE & GC of the company, disposed of 100,487 shares for $18.00 on Jun 28. It resulted in a $1,808,766 divestment by the insider. Hunsaker Craig E sold 6,542 shares at an average price of $18.00 on Jun 27. The insider now owns 1,220,914 shares following the transaction. On Jun 16, Director Altman Elizabeth Ann sold 9,273 shares at $16.14 apiece. The transaction was valued at $149,666.
Financial Health
In the three months ended June 29, Alphatec Holdings Inc.’s quick ratio stood at 1.30, while its current ratio was 2.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 65.40% percent. In the year ended June 29, EBITDA margin amounted to -22.00%, whereas operating margins totaled -37.60%. Based on annual data, ATEC earned $233.06 million in gross profit and brought in $350.87 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -44.60%. Return on equity (ROE) for the past 12 months was 581.90%.
In Alphatec Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $455.34 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ATEC’s revenue rose 27.79% to $109.11 million during the quarter, while net income inched up to $116.54 million. While analysts expected Alphatec Holdings Inc. to report -$0.28 quarterly earnings, the actual figure was -$0.43 per share, beating the consensus estimate by -53.60%. During the quarter, the company generated -$35.32 million in EBITDA. The liabilities of Alphatec Holdings Inc. were 656.39 million at the end of its most recent quarter ended June 29, and its total debt was $487.66 million. The value of shareholders’ equity is $120.32 million.
Technical Picture
This quick technical analysis looks at Alphatec Holdings Inc.’s (ATEC) price momentum. With a historical volatility rate of 35.73%, the RSI 9-day stood at 25.76% on 04 August.
With respect to its five-day moving average, the current Alphatec Holdings Inc. price is down by -8.92% percent or -$1.56. At present, ATEC shares trade -7.33% below its 20-day simple moving average and +5.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.41% above its SMA50 and +68.75% above its SMA200.
Stochastic coefficient K was 16.90% and Stochastic coefficient D was 27.34%, while ATR was 0.92. Given the Stochastic reading of 10.25% for the 14-day period, the RSI (14) reading has been calculated as 34.62%. As of today, the MACD Oscillator reading stands at -0.53, while the 14-day reading stands at -0.80.
Analyst Ratings
Jefferies launched its rating on Alphatec Holdings Inc. (NASDAQ: ATEC) to a Buy in a note to investors on October 12, 2022. Alphatec Holdings Inc. (ATEC) has been rated Buy by analysts. According to 0 brokerage firms, ATEC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Alphatec Holdings Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $22.50, the current consensus forecast for the stock is $19.00 – $32.00. Based on these forecasts, analysts predict Alphatec Holdings Inc. (ATEC) will achieve an average price target of $23.17.
