Alphatec Holdings (ATEC): Strong Sales and Improving Cash Burn Profile Justify Buy Rating
TipRanks (Thu, 25-Jul 2:45 PM ET)
Alphatec Holdings: A Buy Rating on Innovative Spinal Surgery Solutions and Market Expansion Strategy
TipRanks (Thu, 25-Jul 6:55 AM ET)
ATEC Launches EOS InsightTM, an End-To-End Spine Surgery Platform Powered by EOS Imaging and AI
Business Wire (Wed, 24-Jul 9:00 AM ET)
ATEC to Report Second Quarter Financial Results on July 31, 2024
Business Wire (Wed, 10-Jul 9:00 AM ET)
ATEC Reports First Quarter 2024 Financial Results and Raises Full-Year Guidance
Business Wire (Tue, 7-May 4:00 PM ET)
ATEC to Present at Upcoming Conferences
Business Wire (Thu, 2-May 9:00 AM ET)
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 July 26, 2024, ATEC stock price climbed to $10.91 with 1,185,216 million shares trading.
ATEC has a beta of 2.00, meaning it tends to be more sensitive to market movements. ATEC has a correlation of 0.19 to the broad based SPY ETF.
ATEC has a market cap of $1.53 billion. This is considered a Small Cap stock.
Last quarter Alphatec Holdings reported $141 million in Revenue and -$.34 earnings per share. This beat revenue expectation by $7 million and missed earnings estimates by -$.03.
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, IWO, IHI.
ATEC has underperformed the market in the last year with a return of -36.7%, while the SPY ETF gained +21.0%. In the last 3 month period, ATEC fell short of the market, returning -10.9%, while SPY returned +8.5%. However, in the most recent 2 weeks ATEC has outperformed the stock market by returning -0.5%, while SPY returned -2.2%.
ATEC support price is $10.53 and resistance is $11.21 (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.