ATEC Stock Summary and Trading Ideas (Alphatec Holdings | NASDAQ:ATEC)

Alphatec Holdings Inc is a medical technology company focused on the designing, development, and advancement of products for the surgical treatment of spinal disorders associated with disease and degeneration, congenital deformities, and trauma. The company's spine approach technologies include Posterior Cervical Fusion, Anterior Cervical Discectomy and Fusion, Lateral Interbody Fusion, and Posterior Lumbar Interbody Fusion among others.

Alphatec Holdings trades on the NASDAQ stock market under the symbol ATEC.

As of April 19, 2024, ATEC stock price climbed to $12.54 with 1,252,559 million shares trading.

ATEC has a beta of 2.23, meaning it tends to be more sensitive to market movements. ATEC has a correlation of 0.24 to the broad based SPY ETF.

ATEC has a market cap of $1.72 billion. This is considered a Small Cap stock.

Last quarter Alphatec Holdings reported $138 million in Revenue and -$.37 earnings per share. This beat revenue expectation by $8 million and missed earnings estimates by -$.12.

In the last 3 years, ATEC stock traded as high as $19.14 and as low as $5.73.

The top ETF exchange traded funds that ATEC belongs to (by Net Assets): VTI, IWM, VXF, IHI, IWN.

ATEC has underperformed the market in the last year with a price return of -20.1% while the SPY ETF gained +21.2%. ATEC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.9% and -6.3%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

ATEC support price is $12.00 and resistance is $12.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ATEC stock will trade within this expected range on the day.