In the latest trading session, 0.46 million Alto Ingredients Inc (NASDAQ:ALTO) shares changed hands as the company’s beta touched 1.92. With the company’s most recent per share price at $1.34 changed hands at -$0.01 or -1.08% at last look, the market valuation stands at $102.35M. ALTO’s current price is a discount, trading about -123.88% off its 52-week high of $3.00. The share price had its 52-week low at $1.18, which suggests the last value was 11.94% up since then. When we look at Alto Ingredients Inc’s average trading volume, we note the 10-day average is 1.76 million shares, with the 3-month average coming to 659.29K.
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.
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Alto Ingredients Inc (NASDAQ:ALTO) trade information
Instantly ALTO was in red as seen in intraday trades today. With action -30.81%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -49.80%, with the 5-day performance at -30.81% in the red. However, in the 30-day time frame, Alto Ingredients Inc (NASDAQ:ALTO) is -17.57% down. Looking at the short shares, we see there were 0.89 million shares sold at short interest cover period of 1.94 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 61.71% from its recent 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 -161.19% plunge from its current level, while the stock would need to soar -161.19% 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 not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -24.55% over the past 6 months, a -19.35% in annual growth rate that is considerably lower than the industry average of -2.10%.
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 11.25%, 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 on 2025-Mar-10.
Alto Ingredients Inc (NASDAQ:ALTO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.83% of Alto Ingredients Inc shares while 35.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.79%. There are 35.02% 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.
