Can Alphatec Stock Recover If Markets Fall?
Alphatec (ATEC) stock is down 22.3% in a day. The recent slide reflects concerns around ATEC’s 2026 revenue growth guidance, but sharp drops like this often raise a tougher question: is the weakness temporary, or a sign of deeper cracks in the story?
Before judging its downturn reslience, let’s look at where Alphatec stands today.
- Size: Alphatec is a $2.7 Bil company with $728 Mil in revenue currently trading at $17.59.
- Fundamentals: Last 12 month revenue growth of 27.1% and operating margin of -10.1%.
- Liquidity: Has Debt to Equity ratio of 0.22 and Cash to Assets ratio of 0.2
- Valuation: Alphatec stock is currently trading at P/E multiple of -17.2 and P/EBIT multiple of -23.3
- Has returned (median) 8.8% within a year following sharp dips since 2010. See ATEC Dip Buy Analysis.
These metrics point to a Moderate operational performance, alongside Moderate valuation – making the stock Fairly Priced. For details, see Buy or Sell ATEC Stock
That brings us to the key consideration for investors worried about this fall: how resilient is ATEC stock if markets turn south? This is where our downturn resilience framework comes in. Suppose ATEC stock falls another 20-30% to $12 – can investors comfortably hold on? Turns out, the stock has fared worse than the S&P 500 index during various economic downturns, based on (a) how much the stock fell and, (b) how quickly it recovered. Below, we dive deeper into each such downturn.
2022 Inflation Shock
- ATEC stock fell 66.1% from a high of $18.78 on 22 March 2021 to $6.36 on 21 June 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 13 July 2023
- Since then, the stock increased to a high of $22.68 on 8 January 2026 , and currently trades at $17.59
| ATEC | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -66.1% | -25.4% |
| Time to Full Recovery | 387 days | 464 days |
2020 Covid Pandemic
- ATEC stock fell 69.7% from a high of $7.47 on 16 January 2020 to $2.26 on 23 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 8 October 2020
| ATEC | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -69.7% | -33.9% |
| Time to Full Recovery | 199 days | 148 days |
2018 Correction
- ATEC stock fell 74.0% from a high of $4.58 on 3 March 2017 to $1.19 on 7 February 2019 vs. a peak-to-trough decline of 19.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 15 May 2019
| ATEC | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -74.0% | -19.8% |
| Time to Full Recovery | 97 days | 120 days |
2008 Global Financial Crisis
- ATEC stock fell 82.3% from a high of $77.28 on 19 February 2008 to $13.68 on 16 March 2009 vs. a peak-to-trough decline of 56.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 15 March 2010
| ATEC | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -82.3% | -56.8% |
| Time to Full Recovery | 364 days | 1,480 days |
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