Alto Ingredients Inc. (NASDAQ: ALTO) is 5.34% higher on its value in year-to-date trading and has touched a low of $0.23 and a high of $11.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALTO stock was last observed hovering at around $5.66 in the last trading session, with the day’s gains setting it 0.06% off its average median price target of $13.50 for the next 12 months. It is also 72.1% off the consensus price target high of $20.50 offered by 4 analysts, but current levels are 36.44% higher than the price target low of $9.00 for the same period.
Currently trading at $5.72, the stock is -4.22% and -13.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.72 million and changing 1.06% at the moment leaves the stock 5.67% off its SMA200. ALTO registered 2285.32% gain for a year compared to 6-month loss of -27.13%. The firm has a 50-day simple moving average (SMA 50) of $6.29 and a 200-day simple moving average (SMA200) of $6.81.
The stock witnessed a -12.80% gain in the last 1 month and extending the period to 3 months gives it a 5.34%, and is 1.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.35% over the week and 10.09% over the month.
Alto Ingredients Inc. (ALTO) has around 369 employees, a market worth around $401.49M and $897.00M in sales. Fwd P/E is 6.65. Profit margin for the company is -1.80%. Distance from 52-week low is 2344.44% and -50.00% from its 52-week high. The company has generated returns on investments over the last 12 months (2.50%).
Alto Ingredients Inc. (ALTO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Alto Ingredients Inc. (ALTO) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Alto Ingredients Inc. is expected to release its quarterly report on 08/04/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $252.18M over the same period.The EPS is expected to grow by 85.30% this year, but quarterly earnings will post 16.80% year-over-year. Quarterly sales are estimated to shrink -19.00% in year-over-year returns.
Alto Ingredients Inc. (ALTO) Top Institutional Holders
117 institutions hold shares in Alto Ingredients Inc. (ALTO), with 4.06M shares held by insiders accounting for 5.55% while institutional investors hold 38.73% of the company’s shares. The shares outstanding are 67.58M, and float is at 60.20M with Short Float at 12.45%. Institutions hold 36.58% of the Float.
The top institutional shareholder in the company is BNP Paribas Asset Management Holding S.A. with over 5.64 million shares valued at $30.62 million. The investor’s holdings represent 7.71% of the ALTO Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 4.8 million shares valued at $26.06 million to account for 6.56% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 3.04 million shares representing 4.15% and valued at over $16.51 million, while Wells Fargo & Company holds 2.97% of the shares totaling 2.17 million with a market value of $11.8 million.
Alto Ingredients Inc. (ALTO) Insider Activity
A total of 15 insider transactions have happened at Alto Ingredients Inc. (ALTO) in the last six months, with sales accounting for 4 and purchases happening 11 times. The most recent transaction is an insider sale by Jones William L ,the company’sDirector. SEC filings show that Jones William L sold 20,000 shares of the company’s common stock on Mar 17 at a price of $5.98 per share for a total of $0.12 million. Following the sale, the insider now owns 0.16 million shares.
Alto Ingredients Inc. disclosed in a document filed with the SEC on Mar 15 that Sneed James R (CCO and VP) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Mar 15 and was made at $6.01 per share for $0.6 million. Following the transaction, the insider now directly holds 0.17 million shares of the ALTO stock.