H.C. Wainwright Thinks Alphatec Holdings’ Stock is Going to Recover


In a report released today, Swayampakula Ramakanth from H.C. Wainwright maintained a Buy rating on Alphatec Holdings (ATEC), with a price target of $4. The company’s shares opened today at $1.60, close to its 52-week low of $1.18.

Ramakanth observed:

“We are maintaining our Buy rating of ATEC and our 12-month price target of $4.00 per diluted share. We derive our price target based on: (1) an EV-to-sales multiple analysis assuming 10% discount rate and using a 3.0x multiple on projected 2027sales of $302M; and (2) a discounted cash flow analysis using the projected free cash flow to the firm through 2027 and assuming a 10% discount rate and 3% terminal growth rate. Using the average of the two methods, we arrive at a 12-month price target of $3.68 per share, which we round to $4.00.”

According to TipRanks.com, Ramakanth has 0 stars on 0-5 star ranking scale with an average return of -3.1% and a 35.9% success rate. Ramakanth covers the Healthcare sector, focusing on stocks such as Collplant Holdings Ltd, Leap Therapeutics Inc, and Tyme Technologies Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alphatec Holdings with a $5.50 average price target, a 243.8% upside from current levels. In a report issued on February 12, Lake Street also maintained a Buy rating on the stock with a $7 price target.

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The company has a one-year high of $4.21 and a one-year low of $1.18. Currently, Alphatec Holdings has an average volume of 379K.

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Alphatec Holdings, Inc. designs, develops, and markets spinal fusion technology products and solutions for the treatment of spinal disorders. The company products portfolio include biologics, cervical, interbody, minimally invasive surgery, and thoracolumbar. It operates through the United States and International geographical segments.

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