Morgan Stanley has recently reduced Alphatec Holdings Inc (ATEC) stock rating, as announced on August 1, 2024, according to Finviz. Earlier, on July 8, 2024, Barclays had initiated the stock to Overweight, setting a price target of $19. Wells Fargo also initiated Overweight rating with a price target of $26. Additionally, Needham reiterated Buy rating on December 19, 2023, with a target price of $18. ROTH MKM analysts, in their report published on October 20, 2023, also initiated Buy rating and set a price target of $22 for Alphatec Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Alphatec Holdings Inc (ATEC) Stock Trading Recap
On Tuesday, Alphatec Holdings Inc (ATEC) stock saw a decline, ending the day at $5.27 which represents a decrease of $-0.29 or -5.22% from the prior close of $5.56. The stock opened at $5.54 and touched a low of $5.18 during the day, reaching a high of $5.65. The volume of shares traded was 1.86 million falling short of the average volume of 2.29 million.
ATEC Stock Performance and Moving Averages
In recent trading, Alphatec Holdings Inc (ATEC) stock price has shown some volatility, fluctuating -5.72% over the last five trades and -23.62% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -60.93%, and it has plunged by -46.77% in the previous three months. Currently, ATEC is trading at -10.61%, -22.37%, and -54.25% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, ATEC, a Healthcare sector stock, is trading -69.61% below its 52-week high but remains -0.19% above its 52-week low. The Average True Range (ATR) (14 days) of 0.43 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Alphatec Holdings Inc’s Profitability and Valuation Ratios
Alphatec Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -26.21% and a profit margin of -33.48%, with a gross margin of -60.93%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Alphatec Holdings Inc’s market capitalization stands at $740.22 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 1.37, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 44.05, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 29.81% of Alphatec Holdings Inc (ATEC)’s shares, while financial institutions hold 67.02%.
Notable insider trades include Marshall Tyson Eliot, GENERAL COUNSEL & CORP. SEC. at Alphatec Holdings Inc (ATEC), who sold 50232 shares on Jun 12 ’24, at $10.88 each, totaling $0.55 million. On Apr 24 ’24, Koning John Todd, CHIEF FINANCIAL OFFICER, sold 37500 shares for $12.82 each, amounting to $0.48 million. Additionally, on Mar 06 ’24, Marshall Tyson Eliot sold 9225 shares at $13.16 each, generating $0.12 million.
