In recent trading session, Alto Ingredients Inc (NASDAQ:ALTO) saw 3.17 million shares changing hands at last check today with its beta currently measuring 2.01. Company’s recent per share price level of $1.30 trading at -$0.64 or -32.73% at last check today assigns it a market valuation of $99.81M. That most recent trading price of ALTO’s stock is at a discount of -130.77% from its 52-week high price of $3.00 and is indicating a premium of 1.54% from its 52-week low price of $1.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 498.43K if we extend that period to 3-months.
For Alto Ingredients Inc (ALTO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.05 in the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Alto Ingredients Inc (NASDAQ:ALTO) trade information
Upright in the red during last session for losing -32.73%, in the last five days ALTO remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $1.30 price level, adding 36.59% to its value on the day. Alto Ingredients Inc’s shares saw a change of -50.94% in year-to-date performance and have moved -26.69% in past 5-day. Alto Ingredients Inc (NASDAQ:ALTO) showed a performance of -19.94% in past 30-days. Number of shares sold short was 0.89 million shares which calculate 1.94 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3.5 to the stock, which implies a rise of 62.86% to its recent value today. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 3.5. It follows that stock’s current price would drop -169.23% in reaching the projected high whereas dropping to the targeted low would mean a loss of -169.23% for stock’s current value.
Alto Ingredients Inc (ALTO) estimates and forecasts
Statistics highlight that Alto Ingredients Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -27.09% of value to its shares in past 6 months, showing an annual growth rate of 87.10% while that of industry is 0.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -17.10% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 268.52M for the same. And 1 analysts are in estimates of company making revenue of 256.2M in the next quarter. Company posted 273.62M and 240.63M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 22.40% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 50.00% while estimates for its earnings growth in next 5 years are of 20.00%.
Alto Ingredients Inc (NASDAQ:ALTO)’s Major holders
Insiders are in possession of 4.84% of company’s total shares while institution are holding 35.43 percent of that, with stock having share float percentage of 37.23%. Investors also watch the number of corporate investors in a company very closely, which is 35.43% institutions for Alto Ingredients Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at ALTO for having 3.55 million shares of worth $5.13 million. And as of 2024-06-30, it was holding 4.8792 of the company’s outstanding shares.
The second largest institutional holder is HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, which was holding about 3.41 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.6823 of outstanding shares, having a total worth of $4.92 million.
