SYK - Alphatec Holdings' Products Lack Innovation And Losses Are Growing (Target Of $3 50% Downside)
Executive Summary
Alphatec Holdings, Inc. (ATEC) is a medical technology company that designs, develops, and markets products for the surgical treatment of spine disorders. The stock has skyrocketed about 400% over the last year predicated on the new management team, mainly its CEO, ex-NuVasive executive Patrick Miles, and its increased product offerings based off of “key” acquisitions i.e. SafeOp Surgical, Inc. (SafeOp). We can see from the chart below that ATEC’s 400% increase in stock price has been a result of multiple expansion that happened after the start of 2019 when ATEC began