The stock of Alphatec Holdings Inc. (NASDAQ:ATEC) increased by $0.04 on Friday to finish at $14.70, up 0.27 percent. The last five days have seen an average of 831,700 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $2.35. The average number of shares traded over the last 20 days was 1,270,495, while the average volume over the last 50 days totaled 1,330,896.
ATEC stock dropped -14.39% since last month. On 08/18/23, the company’s shares reached a one-month low of $13.64. The stock touched a high of $19.14 on 07/17/23, after rallying from a low of $7.11 in 52 weeks. The price of ATEC stock has risen by 19.03% or $2.35 this year, reaching a new high 25 times. Still, the stock price is down -23.20% from the 52-week high.
Insider Transactions
ATEC stock investors should be aware that Alphatec Holdings Inc. (ATEC) stock had its last reported insider trading activity 5 days ago on Aug 23. On Aug 23, Director Bakst Evan sold 8,700 shares at $14.92 each. This transaction resulted in the insider making $129,804. On Aug 10, Pritzker Jennifer N. added 2,400 shares at a price of US$14.99. After the transaction, the insider now owns 58,000 shares. 10% Owner Pritzker Jennifer N. had earlier bought 2,000 shares on Aug 10 for $14.95 a share. The transaction was completed for $29,900.
Financial Health
For the three months ended June 29, Alphatec Holdings Inc.’s quick ratio was 1.30, while its current ratio was 2.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 62.40% percent. Alphatec Holdings Inc.’s EBITDA margin for the year ended June 29 was -22.00%, whereas its operating margin stood at -38.00% for the same period. Based on annual data, it had gross profit of $233.06 million and revenue of $350.87 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ATEC’s return on assets (ROA) during the last 12 months has been -29.90%. There was a -44.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 464.40%.
Earnings Surprise
According to Alphatec Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $116.54 million, while revenues rose by 27.79% to $109.11 million. It was predicted that Alphatec Holdings Inc.’s quarterly earnings would be -$0.43, but it ended up being -$0.28, beating the consensus by -53.60%. EBITDA was -$35.32 million for the quarter. At the end of Alphatec Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 656.39 million, while its total debt was $487.66 million. Equity owned by shareholders amounts to $120.32 million.
Technical Picture
Here’s a quick look at Alphatec Holdings Inc.’s (ATEC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 39.71%, suggesting the stock is Neutral, with a 42.61% historical volatility rate.
The stochastic %K and %D were 35.70% and 30.14% respectively, while the average true range (ATR) was 0.58. Based on the 14-day stochastic reading of 42.89%, the RSI (14) reading is 38.51%. On the 9-day MACD Oscillator, the stock is at 0.23, and the 14-day reading is at 0.06.
Analyst Ratings
In its analyst report released on October 12, 2022, Jefferies began covering Alphatec Holdings Inc. (NASDAQ: ATEC). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Alphatec Holdings Inc. (ATEC) an Buy rating. ATEC is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.
What is ATEC’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.00 and $32.00, with a median target price of $22.50. In analyzing these forecasts, the average price target given by analysts for Alphatec Holdings Inc. (ATEC) is $23.17.
