With 2.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.45 million shares. The 52-week range on ATEC shows that it touched its highest point at $15.69 and its lowest point at $4.88 during that stretch. It currently has a 1-year price target of $17.46. Beta for the stock currently stands at 1.42.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ATEC was up-trending over the past week, with a rise of 0.19%, but this was down by -7.80% over a month. Three-month performance surged to 12.43% while six-month performance rose 89.44%. The stock lost -29.99% in the past year, while it has gained 17.21% so far this year. A look at the trailing 12-month EPS for ATEC yields -1.27 with Next year EPS estimates of -0.17. For the next quarter, that number is -0.05. This implies an EPS growth rate of 15.57% for this year and 61.87% for next year.
Float and Shares Shorts:
At present, 143.91 million ATEC shares are outstanding with a float of 100.21 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ATEC since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.4005 being high and -$0.46589 being low. For ATEC, this leads to a yearly average estimate of -$0.44137. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.23. The average estimate for the next quarter is thus -$0.14.
