During the last session, Alto Ingredients Inc (NASDAQ:ALTO)’s traded shares were 0.79 million, with the beta value of the company hitting 1.73. At the end of the trading day, the stock’s price was $1.58, reflecting an intraday gain of 4.64% or $0.07. The 52-week high for the ALTO share is $2.40, that puts it down -51.9 from that peak though still a striking 25.32% gain since the share price plummeted to a 52-week low of $1.18. The company’s market capitalization is $121.11M, and the average intraday trading volume over the past 10 days was 0.44 million shares, and the average trade volume was 686.09K shares over the past three months.
Alto Ingredients Inc (ALTO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ALTO has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.11.
Alto Ingredients Inc (NASDAQ:ALTO) trade information
Alto Ingredients Inc (ALTO) registered a 4.64% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.64% in intraday trading to $1.58, hitting a weekly high. The stock’s 5-day price performance is 6.04%, and it has moved by -4.24% in 30 days. Based on these gigs, the overall price performance for the year is -18.56%. The short interest in Alto Ingredients Inc (NASDAQ:ALTO) is 0.58 million shares and it means that shorts have 0.81 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.5, which implies an increase of 54.86% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $3.5 respectively. As a result, ALTO is trading at a discount of -121.52% off the target high and -121.52% off the low.
Alto Ingredients Inc (ALTO) estimates and forecasts
In the rating firms’ projections, revenue will decrease -22.18% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 222.81M as predicted by 2 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 236.1M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 273.62M and 240.63M respectively. In this case, analysts expect current quarter sales to shrink by -18.57% and then drop by -1.88% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.40%. While earnings are projected to return 11.25% in 2025.
ALTO Dividends
Alto Ingredients Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Alto Ingredients Inc (NASDAQ:ALTO)’s Major holders
Alto Ingredients Inc insiders own 4.92% of total outstanding shares while institutional holders control 35.95%, with the float percentage being 37.81%. VANGUARD GROUP INC is the largest shareholder of the company, while 107.0 institutions own stock in it. As of 2024-06-30, the company held over 3.55 million shares (or 4.8792% of all shares), a total value of $5.13 million in shares.
The next largest institutional holding, with 3.41 million shares, is of HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC’s that is approximately 4.6364% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.92 million.
Also, the Mutual Funds coming in first place with the largest holdings of Alto Ingredients Inc (ALTO) shares are Vanguard Total Stock Market Index Fund and Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.44 shares. This amounts to just over 3.18 percent of the company’s overall shares, with a $3.86 million market value. The same data shows that the other fund manager holds slightly less at 1.16, or about 1.51% of the stock, which is worth about $1.83 million.
