Alto Ingredients Inc (NASDAQ: ALTO) is -25.94% lower on its value in year-to-date trading and has touched a low of $1.20 and a high of $4.97 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALTO stock was last observed hovering at around $2.01 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $1.97, the stock is -9.15% and -8.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing -1.99% at the moment leaves the stock -35.31% off its SMA200. ALTO registered 5.63% gain for a year compared to 6-month loss of -51.24%. The firm has a 50-day simple moving average (SMA 50) of $0.17 and a 200-day simple moving average (SMA200) of -$21.05.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -2.48% gain in the last 1 month and extending the period to 3 months gives it a -25.94%, and is -10.45% down 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 8.17% over the week and 5.78% over the month.
Alto Ingredients Inc (ALTO) has around 439 employees, a market worth around $142.47M and $1.22B in sales. Fwd P/E is 7.43. Profit margin for the company is -2.40%. Distance from 52-week low is 64.15% and -60.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.71%).
Alto Ingredients Inc quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $217.28M over the same period.The EPS is expected to grow by 47.50% this year, but quarterly earnings will post -21.60% year-over-year. Quarterly sales are estimated to shrink -30.80% in year-over-year returns.
132 institutions hold shares in Alto Ingredients Inc (ALTO), with institutional investors hold 48.05% of the company’s shares. The shares outstanding are 75.70M, and float is at 71.46M with Short Float at 1.75%. Institutions hold 45.09% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 3.81 million shares valued at $11.01 million. The investor’s holdings represent 5.02% of the ALTO Shares outstanding. As of Jun 29, 2023, the second largest holder is Charles Schwab Investment Management, Inc. with 1.87 million shares valued at $5.41 million to account for 2.46% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 1.68 million shares representing 2.22% and valued at over $4.87 million, while Millennium Management Llc holds 2.09% of the shares totaling 1.58 million with a market value of $4.58 million.
Alto Ingredients Inc (ALTO) Insider Activity
The most recent transaction is an insider purchase by NATHAN GILBERT E, the company’s Director. SEC filings show that NATHAN GILBERT E bought 5,000 shares of the company’s common stock on Jun 01 ’23 at a price of $1.97 per share for a total of $9850.0. Following the purchase, the insider now owns 0.58 million shares.
Alto Ingredients Inc disclosed in a document filed with the SEC on May 31 ’23 that NATHAN GILBERT E (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on May 31 ’23 and was made at $1.99 per share for $9950.0. Following the transaction, the insider now directly holds 0.58 million shares of the ALTO stock.
Still, SEC filings show that on Mar 17 ’23, NATHAN GILBERT E (Director) acquired 10,000 shares at an average price of $1.71 for $17100.0. The insider now directly holds 573,909 shares of Alto Ingredients Inc (ALTO).
