Market Watch: Alphatec Holdings Inc (ATEC)’s Noteworthy Drop, Closing at 10.21

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As of close of business last night, Alphatec Holdings Inc’s stock clocked out at $10.21, down -2.58% from its previous closing price of $10.48. In other words, the price has decreased by -$2.58 from its previous closing price. On the day, 1.43 million shares were traded. ATEC stock price reached its highest trading level at $10.5898 during the session, while it also had its lowest trading level at $10.145.

Ratios:

To gain a deeper understanding of ATEC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 2.32. In the meantime, Its Debt-to-Equity ratio is 25.35 whereas as Long-Term Debt/Eq ratio is at 24.96.

On July 08, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $19.

On February 09, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $26.Wells Fargo initiated its Overweight rating on February 09, 2024, with a $26 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 21 ’24 when Miles Patrick sold 50,000 shares for $10.09 per share. The transaction valued at 504,500 led to the insider holds 5,508,402 shares of the business.

Miles Patrick sold 50,000 shares of ATEC for $501,500 on Nov 20 ’24. The CEO now owns 5,558,402 shares after completing the transaction at $10.03 per share. On Nov 20 ’24, another insider, PATRICK MILES, who serves as the Director of the company, bought 100,000 shares for $9.57 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ATEC now has a Market Capitalization of 1447451264 and an Enterprise Value of 1953931008. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55. Its current Enterprise Value per Revenue stands at 3.412 whereas that against EBITDA is -31.211.

Stock Price History:

Over the past 52 weeks, ATEC has reached a high of $17.34, while it has fallen to a 52-week low of $4.88. The 50-Day Moving Average of the stock is 43.60%, while the 200-Day Moving Average is calculated to be 4.70%.

Shares Statistics:

It appears that ATEC traded 2.17M shares on average per day over the past three months and 1598910 shares per day over the past ten days. A total of 143.91M shares are outstanding, with a floating share count of 99.29M. Insiders hold about 29.96% of the company’s shares, while institutions hold 59.05% stake in the company. Shares short for ATEC as of 1731628800 were 10594220 with a Short Ratio of 4.87, compared to 1728950400 on 12043878. Therefore, it implies a Short% of Shares Outstanding of 10594220 and a Short% of Float of 9.24.

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