Alto Ingredients Inc (NASDAQ:ALTO) price on Friday, December 27, rose 1.20% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.68.
A look at the stock’s price movement, the close in the last trading session was $1.66, moving within a range at $1.61 and $1.695. The beta value (5-Year monthly) was 1.981. Turning to its 52-week performance, $2.88 and $1.18 were the 52-week high and 52-week low respectively. Overall, ALTO moved 19.15% over the past month.
Alto Ingredients Inc’s market cap currently stands at around $128.76 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 222.81M for the company’s revenue for the quarter, with a low and high estimate of 210.23M and 235.4M respectively. The average forecast suggests down to a -18.57% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 951.72M, representing a -22.18% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALTO is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend ALTO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALTO’s current price about 11.44% and 8.36% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.17, while 7-day volatility ratio is 7.90% and 5.81% in the 30-day chart. Further, Alto Ingredients Inc (ALTO) has a beta value of 1.88, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $3.5, forecast between a low of $3.5 and high of $3.5. Looking at the price targets, the low is -108.33% off current price level while to achieve the yearly target high, price needs to move -108.33%. Nonetheless, investors will most likely welcome a -108.33% jump to $3.5 which is the analysts’ median price.
If we refocus on Alto Ingredients Inc (NASDAQ:ALTO), historical trading data shows that trading volumes averaged 0.77 over the past 10 days and 805.84K over the past 3 months. The company’s latest data on shares outstanding shows there are 76.62 million shares.
The 5.13% of Alto Ingredients Inc’s shares are in the hands of company insiders while institutional holders own 29.78% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.73 million on 2024-11-29, giving us a short ratio of 0.57. The data shows that as of 2024-11-29 short interest in Alto Ingredients Inc (ALTO) stood at 100.0 of shares outstanding, with shares short falling to 0.77 million registered in 2024-10-31. Current price change has pushed the stock -36.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALTO stock continues to rise going into the next quarter.
