While Alphatec Holdings Inc has overperformed by 3.45%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ATEC fell by -8.49%, with highs and lows ranging from $19.14 to $8.66, whereas the simple moving average fell by -4.20% in the last 200 days.
On February 09, 2024, Wells Fargo started tracking Alphatec Holdings Inc (NASDAQ: ATEC) recommending Overweight. A report published by Needham on December 19, 2023, Reiterated its previous ‘Buy’ rating for ATEC. ROTH MKM also rated ATEC shares as ‘Buy’, setting a target price of $22 on the company’s shares in an initiating report dated October 20, 2023. Jefferies Initiated an Buy rating on October 12, 2022, and assigned a price target of $12. Morgan Stanley initiated its ‘Overweight’ rating for ATEC, as published in its report on September 12, 2022. Goldman’s report from December 03, 2021 suggests a price prediction of $12.50 for ATEC shares, giving the stock a ‘Neutral’ rating. Loop Capital also rated the stock as ‘Buy’.
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Analysis of Alphatec Holdings Inc (ATEC)
Further, the quarter-over-quarter increase in sales is 30.23%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Alphatec Holdings Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -421.26% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.99, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ATEC is recording an average volume of 1.68M. On a monthly basis, the volatility of the stock is set at 4.14%, whereas on a weekly basis, it is put at 3.36%, with a gain of 5.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.05, showing growth from the present price of $13.79, which can serve as yet another indication of whether ATEC is worth investing in or should be passed over.
How Do You Analyze Alphatec Holdings Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 31.15%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.24% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ATEC shares are owned by institutional investors to the tune of 67.24% at present.
