Alto Ingredients Inc (NASDAQ: ALTO) is -41.35% lower on its value in year-to-date trading and has touched a low of $1.18 and a high of $2.80 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 $1.53 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.56, the stock is 2.83% and 1.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing 1.96% at the moment leaves the stock -3.46% off its SMA200. ALTO registered -41.35% loss for a year compared to 6-month gain of 12.23%. The firm has a 50-day simple moving average (SMA 50) of $1.5468 and a 200-day simple moving average (SMA200) of $1.6182.
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The stock witnessed a 7.59% loss in the last 1 month and extending the period to 3 months gives it a -3.70%, and is -4.88% 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 6.78% over the week and 6.01% over the month.
Alto Ingredients Inc (ALTO) has around 460 employees, a market worth around $121.91M and $1.00B in sales. Fwd P/E is 7.26. Profit margin for the company is -3.74%. Distance from 52-week low is 32.20% and -44.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.33%).
The EPS is expected to grow by 11.25% this year
102.0 institutions hold shares in Alto Ingredients Inc (ALTO), with institutional investors hold 32.23% of the company’s shares. The shares outstanding are 76.62M, and float is at 72.72M with Short Float at 0.80%. Institutions hold 30.65% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.55 million shares valued at $5.13 million. The investor’s holdings represent 4.8792 of the ALTO Shares outstanding. As of 2024-06-30, the second largest holder is HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with 3.41 million shares valued at $4.92 million to account for 4.6823 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.1 million shares representing 2.8889 and valued at over $3.04 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.872 of the shares totaling 2.09 million with a market value of $3.02 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 25,000 shares of the company’s common stock on Nov 13 ’24 at a price of $1.34 per share for a total of $33475.0. Following the purchase, the insider now owns 0.7 million shares.
Alto Ingredients Inc disclosed in a document filed with the SEC on Nov 13 ’24 that NATHAN GILBERT E (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $1.32 per share for $6625.0. Following the transaction, the insider now directly holds 31200.0 shares of the ALTO stock.
Still, SEC filings show that on Nov 12 ’24, McGregor Bryon T (President & CEO) acquired 37,000 shares at an average price of $1.36 for $50424.0. The insider now directly holds 834,265 shares of Alto Ingredients Inc (ALTO).
