In the last trading session, 1.31 million Alto Ingredients Inc (NASDAQ:ALTO) shares changed hands as the company’s beta touched 1.99. With the company’s per share price at $1.74 changed hands at $0.01 or 0.58% during last session, the market valuation stood at $133.09M. ALTO’s last price was a discount, traded about -185.63% off its 52-week high of $4.97. The share price had its 52-week low at $1.28, which suggests the last value was 26.44% up since then. When we look at Alto Ingredients Inc’s average trading volume, we note the 10-day average is 0.47 million shares, with the 3-month average coming to 452.00K.
Analysts gave the Alto Ingredients Inc (ALTO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ALTO as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Alto Ingredients Inc’s EPS for the current quarter is expected to be 0.03.
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Alto Ingredients Inc (NASDAQ:ALTO) trade information
Instantly ALTO was in green as seen at the end of in last trading. With action 7.41%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -34.59%, with the 5-day performance at 7.41% in the green. However, in the 30-day time frame, Alto Ingredients Inc (NASDAQ:ALTO) is 8.07% up. Looking at the short shares, we see there were 0.5 million shares sold at short interest cover period of 0.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 50.29% from its current market value. According to analyst projections, ALTO’s forecast low is 3.5 with 3.5 as the target high. To hit the forecast high, the stock’s price needs a -101.15% plunge from its current level, while the stock would need to soar -101.15% for it to hit the projected low.
Alto Ingredients Inc (ALTO) estimates and forecasts
Data shows that the Alto Ingredients Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -8.42% over the past 6 months, a 87.10% in annual growth rate that is considerably higher than the industry average of 5.60%. Year-over-year growth is forecast to reach -17.10% down from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 267.57M. 2 analysts are of the opinion that Alto Ingredients Inc’s revenue for the current quarter will be 268.52M. The company’s revenue for the corresponding quarters a year ago was 318.13M and 273.62M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -15.90%. The estimates for the next quarter sales put growth at -1.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 22.40%. The 2024 estimates are for Alto Ingredients Inc earnings to increase by 70.00%, but the outlook for the next 5-year period is at 20.00% per year.
ALTO Dividends
Alto Ingredients Inc is expected to release its next quarterly earnings report in November.
Alto Ingredients Inc (NASDAQ:ALTO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.84% of Alto Ingredients Inc shares while 35.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.07%. There are 35.28% institutions holding the Alto Ingredients Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.8792% of the shares, roughly 3.55 million ALTO shares worth $5.13 million.
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 4.6823% or 3.41 million shares worth $4.92 million as of 2024-06-30.
