Alto Ingredients Inc (NASDAQ:ALTO) price on current trading day, fall -1.37% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.84.
A look at the stock’s price movement, the close in the last trading session was $0.85, moving within a range at $0.76 and $0.8998. The beta value (5-Year monthly) was 1.623. Turning to its 52-week performance, $2.22 and $0.83 were the 52-week high and 52-week low respectively. Overall, ALTO moved -40.00% over the past month.
Alto Ingredients Inc’s market cap currently stands at around $64.35 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-04.
Analysts have a consensus estimate of 222.19M for the company’s revenue for the quarter, with a low and high estimate of 220.2M and 224.18M respectively. The average forecast suggests down to a -7.66% 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 946.11M, representing a -1.98% 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 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 -27.60% and -40.36% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 21.39, while 7-day volatility ratio is 11.47% and 7.54% in the 30-day chart. Further, Alto Ingredients Inc (ALTO) has a beta value of 1.64, 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 -316.67% off current price level while to achieve the yearly target high, price needs to move -316.67%. Nonetheless, investors will most likely welcome a -316.67% 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 0.68 over the past 10 days and 679.52K over the past 3 months. The company’s latest data on shares outstanding shows there are 76.57 million shares.
The 11.87% of Alto Ingredients Inc’s shares are in the hands of company insiders while institutional holders own 35.93% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.02 million on 2025-03-14, giving us a short ratio of 1.44. The data shows that as of 2025-03-14 short interest in Alto Ingredients Inc (ALTO) stood at 139.999995 of shares outstanding, with shares short rising to 0.69 million registered in 2025-02-14. Current price change has pushed the stock -46.15% 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.
