Alto Ingredients Inc. (NASDAQ:ALTO) currently has a daily average trading volume of 1.49M but it saw 496844 shares traded on Wednesday. With a market cap of 274.41M USD, stock’s current market price of $3.67 came rising about 2.23 while comparing to the previous closing price of $3.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.37 and as low as $3.38. In the recent trading on the day, stock has struck highest price mark of $3.67 while lowest mark touched by it was $3.535.
Taking a look at 20-day trading activity of Alto Ingredients Inc. (ALTO) gives us an average price of $3.83, while its current price level is -50.20% below from 52-week high level whereas it is 8.58% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.88 while that of 200 days or SMA-200 reads an average of $4.77. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.47% during that period while stretching the period over a month that increases to 5.62%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.34 which implies that the stock is in neutral territory.
Alto Ingredients Inc. (ALTO)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $4.15 and $11.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $4.15 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $11.00. Average price target assigned by them is $7.05 which highlights an upside potential of 47.94% for the stock over that period. And to attain the median price target of $6.00 assigned by those analysts, stock has to add about 38.83% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, ALTO’s stock price is moving 1.94% up while it is -11.57% when we observe its performance for the past one month. Year-to-date it is -23.70% down and over the past year, the stock is showing a downside performance of -28.74%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $0.29 beat the consensus estimate of $0.09 for the same. The company is expected to be releasing its next quarterly report in 03/01/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.33. For ALTO, analysts are forecasting an EPS-growth rate of -40.00% for current year and estimate for EPS growth in next year is 90.90%. In next quarter, company is expected to be making quarterly sales of $325.06 million as analysts are expecting the sales for current fiscal year at $1.31 billion and seeing the company making $1.25 billion in sales next year. Moreover, analysts are in estimates of $311.44 million for current-quarter revenue.
Currently, Alto Ingredients Inc.’s total number of outstanding shares is 73.01M with 4.70% of that held by the insiders while 54.41% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 12.30% and return on equity (ROE) at -3.60%. It has a price to earnings ratio (P/E ratio) of 10.17 while having a 9.84 of forward P/E ratio. Stock’s beta reads 2.47. Stock has a price to book (P/B) ratio of 0.80 while price to sale or P/S ratio amounts to 0.20. Its return on asset (ROA) is -2.50% on average.
In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.82% in the company and now holds 1.81 million or 2.45% of the company’s stake having worth of about 7.49 million.