Alto Ingredients Inc (NASDAQ:ALTO) Has Reached A Distance Of 33.71% From Its Low, So Is It Poised For More Gains?

In last trading session, Alto Ingredients Inc (NASDAQ:ALTO) saw 1.02 million shares changing hands with its beta currently measuring 1.73. Company’s recent per share price level of $1.78 trading at $0.13 or 7.88% at ring of the bell on the day assigns it a market valuation of $136.43M. That closing price of ALTO’s stock is at a discount of -34.83% from its 52-week high price of $2.40 and is indicating a premium of 33.71% from its 52-week low price of $1.18.

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 -0.11 in the current quarter.

Alto Ingredients Inc (NASDAQ:ALTO) trade information

Upright in the green during last session for gaining 7.88%, in the last five days ALTO remained trading in the green while hitting it’s week-highest on Thursday, 02/20/25 when the stock touched $1.78 price level, adding 1.66% to its value on the day. Alto Ingredients Inc’s shares saw a change of 14.10% in year-to-date performance and have moved 17.88% in past 5-day. Alto Ingredients Inc (NASDAQ:ALTO) showed a performance of -1.66% in past 30-days.

Wall Street analysts have assigned a consensus price target of 3.5 to the stock, which implies a rise of 49.14% to its current value. 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 -96.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of -96.63% for stock’s current value.

Alto Ingredients Inc (ALTO) estimates and forecasts

This year revenue growth is estimated to fall -22.18% 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 222.81M for the same. And 1 analysts are in estimates of company making revenue of 236.1M 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.

Alto Ingredients Inc (NASDAQ:ALTO)’s Major holders

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 4.6364 of outstanding shares, having a total worth of $4.92 million.

On the other hand, Vanguard Total Stock Market Index Fund and Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 2.44 shares of worth $4.34 million or 3.18% of the total outstanding shares. The later fund manager was in possession of 1.16 shares on Nov 30, 2024 , making its stake of worth around $2.06 million in the company or a holder of 1.51% of company’s stock.