Alphatec Holdings Inc (NASDAQ: ATEC) on November 20, 2023, started off the session at the price of $11.05, soaring 3.36% from the previous trading day. During the day, the shares moved up to $11.51 and dropped to $11.015 before settling in for the closing price of $11.00. Within the past 52 weeks, ATEC’s price has moved between $8.66 and $19.14.
A company in the Healthcare sector has jumped its sales by 30.74% annually for the last half of the decade. The company achieved an average annual earnings per share of 32.72%. With a float of $91.95 million, this company’s outstanding shares have now reached $106.64 million.
In an organization with 705 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +54.69, operating margin of -34.52, and the pretax margin is -43.32.
Alphatec Holdings Inc (ATEC) Insider and Institutional Ownership
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Alphatec Holdings Inc is 32.54%, while institutional ownership is 52.82%. The most recent insider transaction that took place on Nov 09, was worth 315,000. In this transaction Director of this company bought 30,000 shares at a rate of $10.50, taking the stock ownership to the 181,694 shares. Before that another transaction happened on Sep 27, when Company’s CEO sold 59,375 for $13.00, making the entire transaction worth $771,875. This insider now owns 5,452,736 shares in total.
Alphatec Holdings Inc (ATEC) Latest Financial update
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.35 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.28) by -$0.07. This company achieved a net margin of -43.36 while generating a return on equity of -338.43. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 32.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% during the next five years compared to -52.34% drop over the previous five years of trading.
Alphatec Holdings Inc (NASDAQ: ATEC) Trading Performance Indicators
Alphatec Holdings Inc (ATEC) is currently performing well based on its current performance indicators. A quick ratio of 1.37 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.51, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.26 in one year’s time.
Technical Analysis of Alphatec Holdings Inc (ATEC)
Let’s dig in a bit further. During the last 5-days, its volume was 2.66 million. That was better than the volume of 1.35 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 81.94%. Additionally, its Average True Range was 0.67.
During the past 100 days, Alphatec Holdings Inc’s (ATEC) raw stochastic average was set at 25.86%, which indicates a significant decrease from 89.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.29% in the past 14 days, which was lower than the 61.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.59, while its 200-day Moving Average is $14.65. However, in the short run, Alphatec Holdings Inc’s stock first resistance to watch stands at $11.58. Second resistance stands at $11.79. The third major resistance level sits at $12.08. If the price goes on to break the first support level at $11.09, it is likely to go to the next support level at $10.80. The third support level lies at $10.59 if the price breaches the second support level.
Alphatec Holdings Inc (NASDAQ: ATEC) Key Stats
Market capitalization of the company is 1.55 billion based on 136,301K outstanding shares. Right now, sales total 350,870 K and income totals -152,150 K. The company made 118,260 K in profit during its latest quarter, and -42,650 K in sales during its previous quarter.