Alto Ingredients Inc (NASDAQ:ALTO)’s traded shares stood at 0.36 million during the last session, with the company’s beta value hitting 1.64. At the close of trading, the stock’s price was $0.85, to imply a decrease of -1.10% or -$0.01 in intraday trading. The ALTO share’s 52-week high remains $2.10, putting it -147.06% down since that peak but still an impressive 10.59% since price per share fell to its 52-week low of $0.76. The company has a valuation of $64.86M, with an average of 0.66 million shares in intraday trading volume over the past 10 days and average of 686.37K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Alto Ingredients Inc (ALTO), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give ALTO a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.2.
Alto Ingredients Inc (NASDAQ:ALTO) trade information
After registering a -1.10% downside in the last session, Alto Ingredients Inc (ALTO) has traded red over the past five days. The 5-day price performance for the stock is -6.29%, and -35.86% over 30 days. With these gigs, the year-to-date price performance is -45.73%. Short interest in Alto Ingredients Inc (NASDAQ:ALTO) saw shorts transact 1.02 million shares and set a 1.44 days time to cover.
The extremes give us $3.5 and $3.5 for target low and target high price respectively. As such, ALTO has been trading -311.76% off suggested target high and -311.76% from its likely low.
Alto Ingredients Inc (ALTO) estimates and forecasts
The rating firms project that company’s revenue will shrink -1.98% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 222.19M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 234.62M.Earnings reports from the last fiscal year show that sales brought in 240.63M and 236.47M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -7.66% before dropping -0.78% in the following quarter.
ALTO Dividends
Alto Ingredients Inc has its next earnings report out on 2025-Mar-04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Alto Ingredients Inc (NASDAQ:ALTO)’s Major holders
Alto Ingredients Inc insiders hold 6.93% of total outstanding shares, with institutional holders owning 41.42% of the shares at 44.50% float percentage. In total, 41.42% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 3.55 million shares (or 4.8792% of shares), all amounting to roughly $5.13 million.
The next major institution holding the largest number of shares is HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with 3.41 million shares, or about 4.6364% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.92 million.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and SCHWAB STRATEGIC TRUST-Schwab Fundamental U.S. Small Company ETF as the top two Mutual Funds with the largest holdings of the Alto Ingredients Inc (ALTO) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 2.29 shares. This is just over 2.99% of the total shares, with a market valuation of $1.94 million. Data from the same date shows that the other fund manager holds a little less at 1.16, or 1.51% of the shares, all valued at about 0.98 million.
