Alphatec Holdings Inc (NASDAQ: ATEC) closed the day trading at $13.78 down -2.61% from the previous closing price of $14.15. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 2101586 shares were traded.
Ratios:
For a better understanding of ATEC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.99 and its Current Ratio is at 2.86. In the meantime, Its Debt-to-Equity ratio is 5.33 whereas as Long-Term Debt/Eq ratio is at 5.26.
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, Wells Fargo on February 09, 2024, initiated with a Overweight rating and assigned the stock a target price of $26.
On December 19, 2023, Needham reiterated its Buy rating and also lowered its target price recommendation from $16 to $18.
On October 20, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $22.ROTH MKM initiated its Buy rating on October 20, 2023, with a $22 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 Mar 14 ’24 when Bakst Evan bought 15,000 shares for $13.53 per share. The transaction valued at 202,950 led to the insider holds 15,000 shares of the business.
Blackford Quentin S. bought 20,000 shares of ATEC for $256,600 on Mar 07 ’24. The Director now owns 572,605 shares after completing the transaction at $12.83 per share. On Mar 06 ’24, another insider, Marshall Tyson Eliot, who serves as the GENERAL COUNSEL & CORP. SEC. of the company, sold 9,225 shares for $13.16 each. As a result, the insider received 121,401 and left with 295,870 shares of the company.
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 1.90B and an Enterprise Value of 2.22B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.94 while its Price-to-Book (P/B) ratio in mrq is 24.56. Its current Enterprise Value per Revenue stands at 4.60 whereas that against EBITDA is -20.08.
Stock Price History:
Over the past 52 weeks, ATEC has reached a high of $19.14, while it has fallen to a 52-week low of $8.66. The 50-Day Moving Average of the stock is 15.03, while the 200-Day Moving Average is calculated to be 14.35.
Shares Statistics:
Over the past 3-months, ATEC traded about 1.60M shares per day on average, while over the past 10 days, ATEC traded about 1.93M shares per day. A total of 139.25M shares are outstanding, with a floating share count of 95.08M. Insiders hold about 31.09% of the company’s shares, while institutions hold 67.23% stake in the company. Shares short for ATEC as of Feb 29, 2024 were 11.3M with a Short Ratio of 7.06, compared to 11.32M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.19% and a Short% of Float of 11.25%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of -$0.31 for the current quarter, with a high estimate of -$0.23 and a low estimate of -$0.38, while EPS last year was -$0.4. The consensus estimate for the next quarter is -$0.29, with high estimates of -$0.19 and low estimates of -$0.34.
Analysts are recommending an EPS of between -$0.71 and -$1.37 for the fiscal current year, implying an average EPS of -$1.09. EPS for the following year is -$0.74, with 6 analysts recommending between -$0.17 and -$1.23.
Revenue Estimates
10 analysts predict $133.86M in revenue for the current quarter. It ranges from a high estimate of $136.6M to a low estimate of $132.7M. As of the current estimate, Alphatec Holdings Inc’s year-ago sales were $109.11M, an estimated increase of 22.70% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $144.92M, an increase of 23.90% over than the figure of $22.70% in the same quarter last year. There is a high estimate of $147.6M for the next quarter, whereas the lowest estimate is $140.6M.
A total of 11 analysts have provided revenue estimates for ATEC’s current fiscal year. The highest revenue estimate was $597.4M, while the lowest revenue estimate was $594.9M, resulting in an average revenue estimate of $595.51M. In the same quarter a year ago, actual revenue was $482.26M, up 23.50% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $709.57M in the next fiscal year. The high estimate is $742M and the low estimate is $682.2M. The average revenue growth estimate for next year is up 19.20% from the average revenue estimate for this year.
