In a filing, Alphatec Holdings Inc. revealed its Director Bakst Evan unloaded Company’s shares for reported $0.13 million on Aug 23. In the deal valued at $14.92 per share,8,700 shares were sold. As a result of this transaction, Bakst Evan now holds 1,089,038 shares worth roughly $ 17.7 million.
Then, Pritzker Jennifer N. bought 2,400 shares, generating $35,976 in total proceeds. Upon buying the shares at $14.99, the 10% Owner now owns 58,000 shares.
Before that, Pritzker Jennifer N. bought 2,000 shares. Alphatec Holdings Inc. shares valued at $29,900 were divested by the 10% Owner at a price of $14.95 per share. As a result of the transaction, Pritzker Jennifer N. now holds 8,000 shares, worth roughly $0.13 million.
Jefferies initiated its Alphatec Holdings Inc. [ATEC] rating to a Buy in a research note published on Friday, October 12, 2022; the price target was $12. PT values the company’s stock at a premium of -35.42 to its Friday closing price.
Price Performance Review of ATEC
On Friday, Alphatec Holdings Inc. [NASDAQ:ATEC] saw its stock fall -0.61% to $16.25. On the same session, the stock had its day’s lowest price of $16.05, but rose to a high of $16.62. Over the last five days, the stock has gained 10.54%. Alphatec Holdings Inc. shares have risen nearly 31.58% since the year began. Nevertheless, the stocks have risen 114.10% over the past one year. While a 52-week high of $19.14 was reached on 07/17/23, a 52-week low of $7.11 was recorded on 01/09/23. SMA at 50 days reached $16.64, while 200 days put it at $14.51. A total of 0.75 million shares were traded, compared to the trading of 1.02 million shares in the previous session.
Levels Of Support And Resistance For ATEC Stock
The 24-hour chart illustrates a support level at 15.99, which if violated will result in even more drops to 15.74. On the upside, there is a resistance level at 16.56. A further resistance level may holdings at 16.88. The Relative Strength Index (RSI) on the 14-day chart is 56.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.42%. Stochastics %K at 92.17% indicates the stock is a selling.
How much short interest is there in Alphatec Holdings Inc.?
A steep rise in short interest was recorded in Alphatec Holdings Inc. stocks on Aug 14, 2023, dropping by -0.99 million shares to a total of 6.41 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.4 million shares. There was a decline of -15.44%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.74% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.38.
Alphatec Holdings Inc. [ATEC] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,781,818 shares, or roughly 4.04% of the outstanding ATEC shares. In other words, the investor’s shares have risen by 335,376 from its previous 13-F filing of 4446442.0. Additionally, The Vanguard Group, Inc. increased 29.75% of its stake after which the total value it holdings stand at $77,388,592, while Millennium Management LLC reduced -29.24% of its stake to hold $54.93 million in the firm. Over the last quarter, First Light Asset Management LLC purchased 27,752 shares of Alphatec Holdings Inc., while Driehaus Capital Management LLC bought 1,467,700 shares. At present, SSgA Funds Management, Inc. is holding 2,151,679 shares valued at $38.02 million. American Century Investment Manag owned 2,132,005 shares of the company at the time of its most recent 13F filing, worth $37.67 million.
According to FactSet, Alphatec Holdings Inc.’s share price will average $23.17 in the next year, based on opinions of analysts polled by the firm. This is up nearly 37.61 percent from its previous closing price of $16.35. Analysts expect Alphatec Holdings Inc. stock to reach the higher price of $32.00, while the lowest price estimate is $19.00. However, 9 analysts have rated ATEC stock as a Buy in their predictions for 2023.