In yesterday’s Wall Street session, Alphatec Holdings Inc (NASDAQ:ATEC) shares traded at $6.32, up 6.40% from the previous session.
ATEC stock price is now -29.82% away from the 50-day moving average and -48.20% away from the 200-day moving average. The market capitalization of the company currently stands at $887.71M.
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On July 08, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $19, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Bakst Evan, Director bought 35,000 shares of the company’s stock on Aug 23 ’24. The stock was bought for $201,600 at an average price of $5.76. Upon completion of the transaction, the Director now directly owns 50,000 shares in the company, valued at $0.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23 ’24, Director Pelizzon David R bought 16,978 shares of the business’s stock. A total of $100,000 was incurred on buying the stock at an average price of $5.89. This leaves the insider owning 331,696 shares of the company worth $2.1 million. A total of 30.12% of the company’s stock is owned by insiders.
During the past 12 months, Alphatec Holdings Inc has had a low of $5.57 and a high of $17.34. As of last week, the company has a debt-to-equity ratio of 13.65, a current ratio of 2.22, and a quick ratio of 1.21. The fifty day moving average price for ATEC is $8.9182 and a two-hundred day moving average price translates $12.17855 for the stock.
The latest earnings results from Alphatec Holdings Inc (NASDAQ: ATEC) was released for 2024-06-30. The net profit margin was -33.48% and return on equity was -1000.48% for ATEC. The company reported revenue of $145.57 million for the quarter, compared to $116.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.51 percent. For the current quarter, analysts expect ATEC to generate $147.22M in revenue.
