Timing, Fundamentals, and Diversification of Alphatec Holdings Inc. (ATEC)

Alphatec Holdings Inc. (NASDAQ: ATEC) closed the day trading at $13.15 down -2.23% from the previous closing price of $13.45. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 887415 shares were traded. ATEC stock price reached its highest trading level at $13.53 during the session, while it also had its lowest trading level at $12.98.

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For a better understanding of ATEC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 2.10.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on October 12, 2022, initiated with a Buy rating and assigned the stock a target price of $12.

On September 12, 2022, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $13.

On December 03, 2021, Goldman started tracking the stock assigning a Neutral rating and target price of $12.50.Goldman initiated its Neutral rating on December 03, 2021, with a $12.50 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 19 when Miles Patrick sold 60,000 shares for $13.33 per share. The transaction valued at 799,800 led to the insider holds 5,481,633 shares of the business.

Miles Patrick sold 60,000 shares of ATEC for $798,000 on Jan 18. The CEO now owns 5,541,633 shares after completing the transaction at $13.30 per share. On Jan 17, another insider, Miles Patrick, who serves as the CEO of the company, sold 60,000 shares for $13.05 each. As a result, the insider received 783,000 and left with 5,601,633 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 4.33.

Stock Price History:

Over the past 52 weeks, ATEC has reached a high of $13.75, while it has fallen to a 52-week low of $5.73. The 50-Day Moving Average of the stock is 10.98, while the 200-Day Moving Average is calculated to be 9.25.

Shares Statistics:

Over the past 3-months, ATEC traded about 873.45K shares per day on average, while over the past 10 days, ATEC traded about 1.07M shares per day. A total of 104.80M shares are outstanding, with a floating share count of 68.08M. Insiders hold about 8.40% of the company’s shares, while institutions hold 51.00% stake in the company. Shares short for ATEC as of Oct 13, 2022 were 6.48M with a Short Ratio of 6.54M, compared to 5.38M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.19% and a Short% of Float of 8.90%.

Earnings Estimates

Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of -$0.3 for the current quarter, with a high estimate of -$0.19 and a low estimate of -$0.38, while EPS last year was -$0.43. The consensus estimate for the next quarter is -$0.26, with high estimates of -$0.14 and low estimates of -$0.33.

Analysts are recommending an EPS of between -$1.24 and -$1.46 for the fiscal current year, implying an average EPS of -$1.38. EPS for the following year is -$0.88, with 7 analysts recommending between -$0.42 and -$1.16.

Revenue Estimates

A total of 11 analysts have provided revenue estimates for ATEC’s current fiscal year. The highest revenue estimate was $340.9M, while the lowest revenue estimate was $324.81M, resulting in an average revenue estimate of $328.2M. In the same quarter a year ago, actual revenue was $243.21M, up 34.90% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $398.57M in the next fiscal year. The high estimate is $413.64M and the low estimate is $384.03M. The average revenue growth estimate for next year is up 21.40% from the average revenue estimate for this year.