Alto Ingredients Inc (NASDAQ:ALTO) price on Friday, February 07, fall -5.10% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.49.
A look at the stock’s price movement, the close in the last trading session was $1.57, moving within a range at $1.49 and $1.59. The beta value (5-Year monthly) was 1.981. Turning to its 52-week performance, $2.40 and $1.18 were the 52-week high and 52-week low respectively. Overall, ALTO moved -14.37% over the past month.
Alto Ingredients Inc’s market cap currently stands at around $114.21 million, with investors looking forward to this quarter’s earnings report slated for in March.
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% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -10.15% and -6.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.16, while 7-day volatility ratio is 3.96% and 5.75% in the 30-day chart. Further, Alto Ingredients Inc (ALTO) has a beta value of 1.74, 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 -134.9% off current price level while to achieve the yearly target high, price needs to move -134.9%. Nonetheless, investors will most likely welcome a -134.9% 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 0.37 over the past 10 days and 881.73K 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 37.21% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.62 million on 2025-01-15, giving us a short ratio of 0.8. The data shows that as of 2025-01-15 short interest in Alto Ingredients Inc (ALTO) stood at 85.00000000000001 of shares outstanding, with shares short rising to 0.59 million registered in 2024-12-13. Current price change has pushed the stock -4.49% 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.
