Check out these key findings about Alphatec Holdings Inc. (ATEC)

Alphatec Holdings Inc. (NASDAQ: ATEC) stock fell -2.23% on Monday to $13.15 against a previous-day closing price of $13.45. With 0.89 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.87 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $13.53 whereas the lowest price it dropped to was $12.98. The 52-week range on ATEC shows that it touched its highest point at $13.75 and its lowest point at $5.73 during that stretch. It currently has a 1-year price target of $18.05. Beta for the stock currently stands at 1.29.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ATEC was up-trending over the past week, with a rise of 0.15%, but this was up by 26.56% over a month. Three-month performance surged to 32.96% while six-month performance rose 81.88%. The stock gained 23.94% in the past year, while it has gained 6.48% so far this year. A look at the trailing 12-month EPS for ATEC yields -1.55 with Next year EPS estimates of -1.02. For the next quarter, that number is -0.28. This implies an EPS growth rate of -27.30% for this year and 28.20% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.30%.

Float and Shares Shorts:

At present, 104.80 million ATEC shares are outstanding with a float of 68.08 million shares on hand for trading. On Oct 13, 2022, short shares totaled 6.48 million, which was 6.19% higher than short shares on Sep 14, 2022. In addition to Mr. Patrick S. Miles as the firm’s Exec. Chairman, CEO & Pres, Mr. J. Todd Koning serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 50.38% of ATEC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.55% of ATEC, in contrast to 32.13% held by mutual funds. Shares owned by individuals account for 16.73%. As the largest shareholder in ATEC with 4.09% of the stake, BlackRock Fund Advisors holds 4,294,477 shares worth 4,294,477. A second-largest stockholder of ATEC, The Vanguard Group, Inc., holds 3,325,932 shares, controlling over 3.17% of the firm’s shares. First Light Asset Management LLC is the third largest shareholder in ATEC, holding 2,974,658 shares or 2.83% stake. With a 1.82% stake in ATEC, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,913,581 shares are owned by the mutual fund manager. The Janus Henderson Venture Fund, which owns about 1.69% of ATEC stock, is the second-largest Mutual Fund holder. It holds 1,776,696 shares valued at 21.94 million. iShares Russell 2000 ETF holds 1.53% of the stake in ATEC, owning 1,606,392 shares worth 19.84 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ATEC since 10 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ATEC analysts setting a high price target of $22.50 and a low target of $14.00, the average target price over the next 12 months is $18.05. Based on these targets, ATEC could surge 71.1% to reach the target high and rise by 6.46% to reach the target low. Reaching the average price target will result in a growth of 37.26% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ATEC will report FY 2022 earnings on 03/07/2024. Analysts have provided yearly estimates in a range of -$0.63 being high and -$0.72 being low. For ATEC, this leads to a yearly average estimate of -$0.67. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Alphatec Holdings Inc. surprised analysts by $0.07 when it reported -$0.18 EPS against a consensus estimate of -$0.25. The surprise factor in the prior quarter was $0.11. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.33. The average estimate for the next quarter is thus -$0.21.

Summary of Insider Activity:

Insiders traded ATEC stock several times over the past three months with 3 Buys and 7 Sells. In these transactions, 2,359,375 shares were bought while 832,415 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 48 over the past year. The total number of shares bought during that period was 6,189,342 while 2,956,657 shares were sold.

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