Wells Fargo raised the price target for the Alphatec Holdings Inc (NASDAQ:ATEC) stock to “an Overweight”. The rating was released on February 09, 2024, according to finviz. We previously noted in another research note published on December 19, 2023 by Needham that reiterated the stock to a Buy with a price target of $18 for ATEC stock. The research report from ROTH MKM has initiated the stock to Buy, with a price target set at $22. The stock was initiated by Jefferies, who disclosed in a research note on October 12, 2022, to Buy and set the price objective to $12. In their research brief published September 12, 2022, Morgan Stanley analysts initiated the Alphatec Holdings Inc stock to Overweight with a price target of $13.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -6.43% within the last five trades and -1.87% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 18.98% in the last 6 months and -12.32% was subtracted to its value over the previous 3 months. ATEC stock is trading at a margin of -4.27%, -9.11% and -7.61% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, ATEC deals in the Healthcare domain. The stock is trading -31.56 percent below its 52-week high and 51.27 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -15.48. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Alphatec Holdings Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -30.75 percent and the profit margin is -38.70 percent, and the company has reported a gross margin of 52.68 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.81 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.75 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 23.35, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 31.10 percent of Alphatec Holdings Inc shares are owned by insiders, and 66.91 percent are held by financial institutions. Bakst Evan, the Director at Alphatec Holdings Inc (ATEC) has bought 15,000 shares of firm on Mar 14 ’24 at a price of $13.53 against the total amount of $0.2 million. In another inside trade, Blackford Quentin S., Director of Alphatec Holdings Inc (NASDAQ:ATEC) bought 20,000 shares of the firm on Mar 07 ’24 for a total worth of $0.26 million at a price of $12.83. An inside trade which took place on Mar 06 ’24, GENERAL COUNSEL & CORP. SEC. of Alphatec Holdings Inc Marshall Tyson Eliot sold 9,225 shares of firm against total price of $0.12 million at the cost of $13.16 per share.
